Pricing Actuary | 30164

Emerald Group; England; On-site; GBP 45,000 - 65,000; Full time

Job summary

Emerald Group is seeking a newly or nearly qualified Actuary to join the Pricing and Biometric team in the UK. The role focuses on reinsurance pricing for Protection products, delivering accurate analyses and pricing assumptions, and collaborating with colleagues across levels of seniority.

You will contribute to pricing processes, perform experience analysis, and support commercial discussions while evaluating financial implications and balancing risk with business needs.

Qualifications

• UK life insurance pricing knowledge and experience.
• Experience analysis production/analysis, assumptions setting and modelling methodology.

Responsibilities

• Be a key technical expert within Pricing and Biometric elements, developing technical expertise relevant to reinsurance pricing for Protection business
• Take responsibility for the delivery of accurate and timely work; checking junior members’ outputs and guiding them
• Check team outputs for quotes and projects, ensuring accurate data use and production of experience analysis, setting pricing assumptions, and supporting commercial terms negotiations
• Understand financial implications across metrics of decisions and balance commercial needs with risk
• Suggest improvements to Pricing tools and processes and embrace new technology

Skills

Analytical skills

Communicating concepts

Stakeholder management

Excel & Word

R/Python/VBA

Power BI

Education

Actuary qualification

Tools

Excel

Word

R

Python

VBA

Power BI

Job description

Key responsibilities including however, not limited to the following:

• Be a key technical expert within the team across Pricing and Biometric elements, developing technical expertise and knowledge relevant to reinsurance pricing for Protection business
• Take responsibility for the delivery of accurate and timely work. Checking other team members’ work and providing guidance to more junior members of the team
• Checking work that’s produced by the team for quotes and projects, ensuring the accurate use of data and production of experience analysis, setting of appropriate Pricing assumptions and supporting the negotiation of commercial terms
• Develop an understanding of the financial implications, across all appropriate metrics, of decisions made. Ensuring the right balance between commercial needs and risk is achieved
• Contribute to the team’s on-going drive to ensure they are the most efficient they can be by proposing and supporting improvements to Pricing tools and process’ and embracing new technology

Qualifications required:

• Newly or nearly qualified Actuary

Experience required:

• Relevant knowledge or experience of the UK life insurance market
• Knowledge of Pricing processes, including experience analysis production/analysis, assumptions setting and modelling methodology. Prior Pricing experience and in particular experience with reinsurance pricing is preferable
• Strong analytical skills and ability to make judgement calls where there is uncertainty
• Ability to communicate technical concepts effectively to colleagues from with varying levels of knowledge
• Confidence and diplomacy to challenge peers and manage upwards
• Effective at dealing with stakeholders from a variety of technical backgrounds and levels of seniority
• Strong computer literacy, particularly in Microsoft Excel & Word skills but also experience with R, Python, Basic VBA or similar programming. Experience with Power BI is desirable