To assist the team lead in ensuring product pricing aligns with organisational risk appetite and financial goals, while contributing to the development of new offerings.
This permanent job position presents an excellent opportunity to advance in the sector while contributing significantly to company operations.
Responsibilities
- Lead regular pricing processes, including management information (MI), yield curves, and business planning, ensuring compliance with applicable policies and standards.
- Assist in maintaining and reviewing pricing frameworks and approaches for existing and new products.
- Collaborate with various departments to ensure alignment on financial metrics across pricing, reinsurance, valuation, and capital management.
- Support the maintenance and development of data, processes, and systems, ensuring adequate quality assurance, controls, and documentation.
- Contribute to project delivery and business-as-usual (BAU) activities, as well as broader organizational initiatives.
- Streamline processes by integrating new technologies into workflows, enhancing team capabilities.
- Maintain personal professional development and competence, supporting team objectives as needed.
Activities
- Perform and oversee key development projects and BAU tasks, including preparing MI and yield curve analyses, and sharing findings with stakeholders.
- Communicate and collaborate with stakeholders to share insights and address queries, while supporting ongoing initiatives.
- Automate processes and improve operational efficiency using modern technology.
- Ensure completeness and robustness of data, tools, models, and documentation, working with internal teams and auditors to establish effective controls.
- Foster collaboration within the team to maintain consistency in pricing, reinsurance, and reserving practices.
Skills and Knowledge
- Strong analytical, data handling, and modelling skills with an innovative mindset.
- Excellent organisational and time management skills.
- Clear and concise communication skills, both verbal and written, with the ability to present complex concepts effectively.
- Capable of managing multiple projects and supervising team members.
- Proficiency in IT tools, including Power BI and coding languages like Python or Julia, alongside advanced Excel skills.
- Knowledge of organisational products, risks, and capital requirements.
- Understanding of industry dynamics, target markets, and internal operational systems.
- Commitment to maintaining up-to-date professional knowledge.
Experience
- Relevant experience in the UK Insurance/Reinsurance Industry.
- Exposure to pricing and development of related products, such as annuities or similar offerings.
- Desirable experience in capital management, actuarial reporting, and asset/liability management (ALM).
- Nearly or fully qualified actuarial professional (or equivalent certification).
