SENIOR ACTUARIAL MANAGER, PRICING, 30079

The Emerald Group; Dorking, Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

The Emerald Group is seeking a Senior Pricing Actuary to lead pricing bases and term setting for Income Protection, Group Life, and related products. You will own pricing reviews, investigations, and adjustments, reporting to senior committees, and collaborate across underwriting, distribution and marketing.

The role requires a degree in a mathematical discipline (2:1+), a qualified actuary with post-qualification experience, and strong numeracy to analyze data and pricing models.

Qualifications

• Degree-level education in a mathematical or statistical subject (2:1 or above).
• Qualified actuary with post-qualification experience, ideally in life/health/protection insurance.
• Strong pricing experience with the ability to review assumptions and make recommendations.

Responsibilities

• Lead the setting of central pricing bases and agree product terms across Income Protection, Group Life, Group Dependants and Group Critical Illness.
• Own and deliver pricing reviews, annual experience investigations, and recommendations for changes to pricing assumptions.
• Monitor emerging risk trends, new money rates, expenses and cost of capital, recommending pricing adjustments within risk appetite.
• Prepare reports and present recommendations to senior governance forums (Pricing Governance Group, Strategic Revenue Price Group).
• Collaborate with Financial Underwriting, Distribution, Marketing and DT&T to translate pricing insights into business decisions.

Skills

Pricing experience

Actuary qualification

Stakeholder management

Strong numerical ability

Pricing governance

Data analysis

Report writing

Education

Degree-level education (math/stats)

Tools

Pricing software

Data analysis tools

Job description

In this role you will consider the impact of pricing recommendations on vulnerable customers, fair value, Conduct Risk, Consumer Duty and wider Solvency II governance requirements. You will also maintain strong controls across pricing processes, while proactively identifying opportunities to improve ways of working within the team

• Location: Dorking/London
• Category: Life Actuarial
• Type: Permanent

Key responsibilities including but not limited to the following:

• You will lead the setting of central pricing bases and agree product terms across 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 their 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
• You’ll have a degree-level education, ideally 2:1 or above, in a subject with significant mathematical or statistical content
• 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 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