BPA Senior Pricing Actuary

Royal London Mutual Insurance Society; Alderley Edge; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading mutual insurance company is seeking a BPA Senior Pricing Actuary to join their team in Alderley Park or Edinburgh. The successful candidate will develop pricing strategies and analyze data to support pricing decisions while collaborating with cross-functional teams. Qualified actuaries with experience in BPA pricing and strong analytical skills will excel in this role. This position offers a hybrid working style with excellent benefits.

Benefits

28 days annual leave

Up to 14% employer matching pension scheme

Private medical insurance

Qualifications

• Experience in BPA pricing or relevant fields.
• Ability to work independently and in a team.
• Knowledge of regulatory frameworks and industry standards.

Responsibilities

• Develop and implement pricing strategies for BPA products.
• Analyse data to support pricing decisions.
• Collaborate with teams to align with business objectives.
• Monitor market trends and adjust pricing models.
• Provide guidance to junior team members.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Attention to detail

Education

Qualified actuary with relevant experience

Tools

Actuarial software

Job description

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Job Title: BPA Senior Pricing Actuary

Contract Type: Permanent

Location: Alderley Park, London or Edinburgh

Working style: Hybrid 50% home/office based

Closing date: 8th October 2025

The bulk annuity business is an exciting key area of growth for Royal London, and we currently have an opportunity for a Senior Pricing Actuary to join the BPA pricing team.

Working closely with the BPA pricing leads and actuarial trainees, you will be responsible for ensuring bulk annuity transactions are priced appropriately.

The ideal candidate will have experience of pensions or the bulk annuity market, either from a consultant or insurer perspective or beyond. The role will suit a candidate with a strong technical base who would relish the opportunity to develop within a developing bulk annuity provider.

About the Role

• Develop and implement pricing strategies for BPA products.
• Analyse and interpret data to support pricing decisions.
• Collaborate with cross-functional teams to ensure alignment with business objectives.
• Monitor market trends and adjust pricing models accordingly.
• Provide technical expertise and guidance to junior team members.
• Ensure compliance with regulatory requirements.
• Contribute to the continuous improvement of pricing processes.

About You

• Qualified actuary with relevant experience in BPA pricing.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Proficiency in actuarial software and tools.
• Ability to work independently and as part of a team.
• Detail-oriented with a focus on accuracy.
• Knowledge of regulatory frameworks and industry standard

About Royal London

We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.