Senior Actuarial Pricing Leader

Unum; 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 actuary to lead pricing for Group Income Protection, Group Life, Group Dependants and Group Critical Illness. You will own pricing reviews, experience investigations and make recommendations for pricing changes in a commercially robust framework.

In this hybrid role, you will partner with Underwriting, Distribution, Marketing and DT&T, provide coaching to actuarial students, and help shape pricing capability across the business while ensuring governance and

Qualifications

• Qualified actuary with post-qualification experience in life/health or protection insurance.
• Strong pricing experience with ability to review assumptions and investigations.
• Degree-level education in a mathematically oriented subject (2:1 or above).
• Numerate, comfortable with data and pricing models, proficient IT tools for analysis.
• Excellent communication and stakeholder management to present to senior audiences.
• Balance technical rigor with commercial judgment; manage competing priorities.
• Curiosity and external market awareness to improve pricing approaches.
• Leadership capability to coach actuarial colleagues.

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

Pricing experience

Actuarial analysis

Stakeholder management

Leadership coaching

Data analysis

Education

Mathematics/Statistics degree

Tools

Excel

Pricing models

Job description

Unum UK is seeking an experienced actuary to lead pricing for Group Income Protection, Group Life, Group Dependants and Group Critical Illness. You will own pricing reviews, experience investigations and make recommendations for pricing changes in a commercially robust framework.

In this hybrid role, you will partner with Underwriting, Distribution, Marketing and DT&T, provide coaching to actuarial students, and help shape pricing capability across the business while ensuring governance and