Senior Actuarial Manager, Pricing

Unum UK; Dorking; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Bonus

Pension

Life assurance

Income protection

Private medical insurance

Health and wellbeing support

Holiday allowance

Electric vehicle scheme

Job summary

Unum UK is seeking an experienced pricing actuary to lead central pricing bases and product terms for core protection products. You will own pricing reviews, investigations, and recommendations while ensuring robust peer and risk checks.

You will monitor risk trends, pricing assumptions, and capital costs, delivering clear governance reports to senior committees and collaborating with underwriting, distribution, marketing, and IT teams.

Qualifications

• 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.

Responsibilities

• 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.

Skills

Actuarial pricing

Pricing governance

Data analysis

Stakeholder management

Leadership

Education

Qualified actuary

Math/Statistics degree

Job description

Who are we?

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.

Job Posting End Date: December 10

Who are we?

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.

The role

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.

What will you bring?

• 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.

Location

Hybrid working. 3 days in office, 2 days from home. From office locations in Dorking, London or Basingstoke. (Dorking location preferred for office days)

Benefits

• Bonus
• Pension
• Life assurance
• Income protection
• Private medical insurance
• Health and wellbeing support
• Holiday allowance
• Electric vehicle scheme

Why join us?

At Unum, we've created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life.

As a part of our commitment to creating an inclusive workplace, we actively encourage applications from those with disabilities and those with long-term health conditions.

If you meet the essential criteria for the role and choose to opt in to the scheme during your application, you will be offered an interview under the Disability Confident Scheme.

If you need assistance and/or reasonable accommodation due to a disability during the application or recruiting process, please send a request to [e-mail].

We are proud to be a Disability Confident Employer.

Company

Unum UK