PRICING ACTUARY | 30164

The Emerald Group Ltd, Search and Selection; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

The Emerald Group Ltd, Search and Selection is seeking an actuary-level pricing expert to support Protection pricing within the UK life insurance market. You will deliver accurate quotes, set pricing assumptions, and guide junior team members while deepening technical expertise in Pricing and Biometric elements.

You will analyse financial implications, balance commercial needs with risk, and contribute to pricing tool enhancements, communicating complex concepts to stakeholders of varying

Qualifications

• Understanding of UK life insurance pricing and experience analysis.
• Ability to set pricing assumptions and support modelling methodology.
• Strong analytical skills with judgement under uncertainty.

Responsibilities

• Act as a technical pricing expert across Pricing and Biometric elements.
• Deliver accurate, timely work and guide junior team members.
• Review quotes and projects, ensuring correct data usage and experience analysis.
• Balance commercial needs with risk and contribute to pricing tool improvements.

Skills

Pricing processes

Experience analysis

Assumptions setting

Modelling methodology

Excel

Word

R

Python

VBA

Power BI

Stakeholder mgmt

Communication skills

Team guidance

Analytical skills

Education

Actuary qualification (nearly)

Tools

Excel

Word

R

Python

VBA

Power BI

Job description

Overview

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