Senior Actuarial Manager, Pricing

Unum; City of Westminster; On-site; GBP 95,000 - 130,000; Full time

Job summary

Unum UK is seeking a senior pricing actuary to lead central pricing bases and terms across Group products. The role includes pricing reviews, experience investigations, and governance reporting to senior committees.

You will influence pricing strategies with cross-functional partners, assess risk, and ensure commercial robustness while coaching actuarial talent.

Qualifications

• Qualified actuary with strong post-qualification experience.
• Strong pricing experience in life, health or protection.
• Degree-level education with substantial mathematical content.
• Numerate and skilled with data and pricing models.
• Excellent communication and stakeholder management.

Responsibilities

• Lead setting of central pricing bases and agree product terms across Unum's Group plans.
• Own and deliver pricing reviews and annual experience investigations; recommend changes to pricing assumptions.
• Monitor pricing trends, expenses and cost of capital; propose pricing adjustments as needed.
• Prepare reports and present recommendations to senior pricing governance forums.
• Collaborate with Financial Underwriting, Distribution, Marketing and DT&T to translate pricing insights into decisions.
• Consider impact of pricing on vulnerable customers, fair value, and regulatory governance.
• Maintain controls across pricing processes and identify opportunities to improve ways of working.
• Support pricing initiatives and shape the future pricing capability direction.
• Provide line management and coaching to actuarial students and new actuaries.

Skills

Pricing expertise

Actuary qualification

Stakeholder management

Leadership

Communication

Education

Degree-level education (2:1 or above)

Job description

What will you be doing?

• Lead the setting of central pricing bases and agree product terms across Unum's Group Income Protection, Group Life, Group Dependants and Group Critical Illness products.
• Own and deliver pricing reviews, annual experience investigations, and recommendations for changes to pricing assumptions, ensuring appropriate peer and risk reviews are completed.
• Monitor emerging risk trends, new money rates, expenses and cost of capital, recommending pricing adjustments where needed to keep our approach commercially robust and within risk appetite.
• Play a key role in pricing governance, preparing clear reports and presenting recommendations to senior forums including the Pricing Governance Group, Strategic Revenue Price Group and other committees.
• Work closely with key partners across Financial Underwriting, Distribution, Marketing and DT&T, helping to translate pricing insight into practical commercial decisions.
• Consider the impact of pricing recommendations on vulnerable customers, fair value, Conduct Risk, Consumer Duty and wider Solvency II governance requirements.
• Maintain strong controls across pricing processes, while proactively identifying opportunities to improve ways of working within the team.
• Support pricing and risk selection strategic initiatives, helping shape the future direction of pricing capability across the business.
• Provide line management, technical guidance and coaching to actuarial students and newly qualified actuaries, supporting their development and contribution to the team.
  You'll be a qualified actuary with strong post-qualification experience, ideally gained within life, health or protection insurance.
• You'll bring strong pricing experience, with the technical confidence to review assumptions, investigate experience and make sound recommendations in a complex commercial environment.
• You'll have a degree-level education, ideally 2:1 or above, in a subject with significant mathematical or statistical content.
• You'll be highly numerate, comfortable working with data and pricing models, and confident using IT tools to support analysis and decision-making.
• You'll have excellent communication and stakeholder management skills, with the ability to produce clear, concise reports and present technical recommendations to senior audiences.
• You'll be able to balance technical rigour with commercial judgement, managing competing priorities and delivering high-quality work under pressure.
• You'll bring curiosity and external market awareness, applying new ideas and industry insight to help improve pricing approaches and business outcomes.
• You'll have the leadership capability to coach, guide and develop actuarial colleagues, supporting both technical growth and career progression.
  We're a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we're on a collective mission to help the working world thrive., Unum UK