Actuarial Pricing Manager - A&H | Job in West Sussex

*Why We Are Hiring: Actuarial Pricing Manager - A&H *

The organization is a leading player in the South East insurance market with a reputation for innovation, excellence, and a commitment to our customers' needs. Our continued growth and expansion have created an exciting opportunity for an experienced Actuarial Pricing Manager to join our team in the A&H (Accident & Health) sector. As an Actuarial Pricing Manager, you will play a pivotal role in shaping our product offerings by leveraging your expertise in actuarial pricing models, risk assessment, and market trends. Your insights will contribute to the development of competitive and sustainable pricing strategies that align with our business objectives while ensuring our products remain relevant and attractive to our customers. In this role, you'll have the chance to work alongside a dynamic and collaborative team of professionals, all committed to delivering exceptional results for our organization and our clients. You will also have the opportunity to grow your career within a supportive and inclusive environment that values diversity, continuous learning, and professional development. To thrive in this role, you'll bring:

• A strong actuarial background with a proven track record of success in pricing for Accident & Health products.
• Expertise in risk assessment, modeling, and actuarial pricing techniques.
• Experience working collaboratively within a team to develop and implement strategic pricing initiatives.
• Excellent analytical, communication, and presentation skills.
• A proactive approach to problem-solving with the ability to think critically and strategically.
• A passion for the insurance industry, driven by your commitment to innovation and excellence. Join our team as an Actuarial Pricing Manager, and you'll enjoy a competitive salary, comprehensive benefits, and opportunities for growth and advancement within our organization. If you're ready to take your career to new heights while making a meaningful impact on the insurance industry in the South East we invite you to apply today!

Job Summary

We are seeking a dynamic and experienced Actuarial Pricing Manager for our Accident & Health (A&H) sector to join our forward-thinking team. The successful candidate will play a pivotal role in shaping the future of our organisation by delivering accurate, reliable, and insightful actuarial pricing solutions that drive business growth and profitability. Key Responsibilities:

• Develop and implement comprehensive pricing strategies for A&H products, ensuring competitive advantage and profitability in a rapidly evolving market.
• Collaborate with cross-functional teams to gather product, market, and financial data, and apply advanced actuarial modeling techniques to price new and existing products effectively.
• Utilize actuarial software and statistical tools to analyze risks, assess pricing sensitivity, and optimize pricing structures for A&H products.
• Provide strategic recommendations to senior management on pricing strategies, product development, and risk management, based on market trends and regulatory requirements.
• Lead actuarial projects, including solvency calculations, financial reporting, and ad hoc analyses, ensuring timely delivery of accurate results.
• Mentor junior team members, sharing expertise in actuarial pricing methodologies and best practices to foster a collaborative and high-performing work environment.
• Stay abreast of industry developments, emerging trends, and regulatory changes, and apply this knowledge to maintain our competitive edge. Qualifications:
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Fellowship (FIA) or near-completion of the actuarial exam process (ACAS/FCAS preferred).
• Proven experience as an Actuarial Pricing Manager or similar role within the Accident & Health sector.
• In-depth knowledge of pricing methodologies, statistical modeling techniques, and risk assessment for A&H products.
• Strong analytical skills with the ability to interpret complex data and make sound strategic recommendations.
• Excellent communication skills with the ability to articulate technical information clearly and concisely to various stakeholders.
• Leadership experience with a demonstrated ability to motivate and develop team members.
• Strong project management skills with the ability to manage multiple projects simultaneously while meeting deadlines.
• Proficiency in actuarial software such as Excel, R, or SAS, and statistical programming languages like Python or SQL.
• Familiarity with regulatory requirements and industry trends in the A&H sector. Join our team as an Actuarial Pricing Manager - Accident & Health, and contribute to the success of a forward-thinking organization that values innovation, collaboration, and professional growth. Apply today to take your career to new heights!

Job Responsibilities

In this challenging and rewarding role as an Actuarial Pricing Manager in our Accident & Health (A&H) team, you will have the opportunity to apply your expertise in actuarial pricing and product development within a dynamic and supportive environment.

• *Product Development and Management:

Lead the design, development, and implementation of new and existing A&H products. This includes conducting actuarial analyses to assess risk, determine pricing strategies, and develop appropriate product structures.

• *Risk Analysis and Pricing:

Perform detailed analysis of various risks associated with A&H products, including mortality, morbidity, and financial risks. Develop sophisticated pricing models to ensure our products are competitively priced while maintaining profitability and risk-adjusted capital adequacy.

• *Actuarial Regulatory Compliance:

Ensure that all A&H products comply with relevant regulatory requirements. Stay abreast of changes in the regulatory landscape and assess their impact on our existing and future product offerings.

• *Collaboration:

Work closely with various teams across the organisation, including Underwriting, Claims, Finance, and Sales. Collaborate to develop and implement strategies that optimize our A&H business performance.

• *Leadership and Mentorship:

Guide and mentor junior actuaries within the team, providing them with opportunities for professional growth and development. Foster a positive and inclusive work environment based on mutual respect and collaboration.

• *Strategic Planning:

Contribute to the strategic planning process by providing insights and recommendations on A&H product portfolios. Collaborate with senior leadership to align actuarial pricing strategies with the overall business strategy of the organisation.

• *Reporting and Communication:

Prepare clear, concise, and accurate reports for various stakeholders, including senior management, regulatory bodies, and investors. Present findings and recommendations effectively in both written and oral formats.

• *Continuous Learning and Improvement:

Stay current with industry trends, best practices, and innovations in actuarial pricing and product development. Continuously seek ways to improve processes, methodologies, and tools to enhance the efficiency and effectiveness of our A&H business operations.

Qualifications and Skills

Qualifications and Skills

*Minimum Requirements: *

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field. A Master's degree or professional actuarial qualification is highly desirable.
• Fully or nearly fully qualified Fellow of the Institute and Faculty of Actuaries (IFoA) and/or Society of Actuaries (SOA) with significant experience in Actuarial Pricing within the Accident & Health (A&H) sector.

*Essential Skills: *

• Extensive knowledge of actuarial pricing models, techniques, and software for A&H products, including but not limited to: Life Tables, Morbidity Models, Risk Analysis, Pricing Models, and Financial Modelling.
• Proficiency in data analysis using statistical tools such as SAS, Excel, or Python with the ability to interpret complex data sets and draw meaningful insights.
• Strong leadership skills, able to manage a team of actuaries, provide guidance, and mentorship on pricing projects.
• Excellent communication skills, both written and verbal, capable of explaining complex actuarial concepts to non-actuaries within the organisation.
• Ability to work collaboratively with various departments, including Underwriting, Claims, and Finance, to ensure accurate pricing and product development.

*Preferred Skills: *

• Experience in implementing pricing strategies for new products, as well as renewing and improving existing ones.
• Knowledge of regulatory requirements within the A&H sector, specifically in the South East region.
• Familiarity with market trends, competitor analysis, and market research to support competitive and innovative pricing decisions.
• Strong project management skills, including the ability to prioritize tasks, meet deadlines, and manage resources effectively. By joining our team as an Actuarial Pricing Manager - A&H, you will have the opportunity to contribute significantly to the strategic direction of our organisation while working alongside a dynamic and collaborative group of professionals. We look forward to receiving your application.

Ideal Candidate Profile

We are seeking an experienced and dynamic professional to join our team as the Actuarial Pricing Manager - A&H. This is a crucial role within our organization, responsible for driving the strategic development and implementation of actuarial pricing models for our Accident & Health product lines.

• Develop and maintain actuarial pricing models for A&H products, ensuring accuracy, reliability, and compliance with regulatory requirements.
• Collaborate with cross-functional teams to understand product features, market trends, and customer needs, leveraging this knowledge to refine pricing models and strategies.
• Conduct risk analysis and scenario planning to assess the financial impact of various pricing decisions on our portfolio.
• Develop and implement pricing recommendations for new products and product enhancements, ensuring alignment with overall business strategy and objectives.
• Provide actuarial support for underwriting, claims, and reinsurance activities, as well as participating in actuarial valuation exercises when required.
• Stay abreast of industry trends, regulatory changes, and best practices in actuarial pricing, sharing insights with the broader team to drive continuous improvement.
• Mentor and guide junior actuaries within the team, fostering a collaborative and learning-focused environment.
• Bachelor's degree in Mathematics, Actuarial Science, Statistics, or related quantitative field. Advanced degree (MSc/MAct) is preferred.
• Fully qualified actuary with an active membership in a recognized actuarial professional body, such as the Institute and Faculty of Actuaries (IFoA) or the Society of Actuaries (SOA).
• Proven experience in actuarial pricing within the Accident & Health insurance sector with a minimum of 8 years in progressively responsible roles.
• Strong understanding of risk assessment methodologies, pricing models, and financial valuation techniques.
• Exceptional analytical skills with the ability to translate complex data into actionable insights.
• Excellent communication skills, both written and verbal with the ability to explain technical concepts to non-technical stakeholders.
• Strong leadership qualities with a demonstrated ability to mentor and develop junior team members.
• Adaptability and resilience in a fast-paced, ever-changing environment.
• Proficiency in relevant actuarial modeling software (e.g., Visual Basic for Applications, SAS, R, Excel).
• Knowledge of regulatory frameworks pertaining to the insurance industry is desirable. This is an exciting opportunity to join a forward-thinking organization and make a significant impact on our Accident & Health product portfolio. If you are a passionate actuary with a strong track record in pricing we would love to hear from you!

Organization Info

We are a leading provider of insurance solutions in the South East region with a rich history and a strong reputation for excellence. Our team is dedicated to empowering our clients through innovative and tailored insurance products, backed by robust actuarial insights. As part of our growth strategy we are seeking an experienced Actuarial Pricing Manager - A&H to join our dynamic team.

• *Innovation

• : We embrace new ideas and continuously strive for improvement in our products and services.

• *Collaboration

• : We foster a culture of teamwork, valuing diverse perspectives and collective intelligence.

• *Integrity

• : We uphold the highest ethical standards in all our dealings with clients, partners, and each other.

• *Respect

• : We treat everyone with dignity and respect, promoting an inclusive and welcoming environment for all. As the Actuarial Pricing Manager - A&H, you will lead our actuarial pricing team in developing and implementing pricing strategies for Accident & Health insurance products. Your expertise in actuarial modeling, pricing theory, and risk management will be instrumental in ensuring our competitiveness in the market and delivering value to our clients.

• Develop and implement actuarial pricing models and methodologies for A&H products.
• Collaborate with product development teams to ensure accurate and competitive pricing.
• Conduct risk analysis and make recommendations for risk mitigation strategies.
• Monitor market trends and competitor activity, using insights to inform pricing decisions.
• Provide actuarial support during the underwriting process.
• Lead the actuarial team in delivering high-quality work and meeting deadlines.
• Stay abreast of industry developments and regulatory changes, ensuring compliance with all relevant standards.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field; advanced degree preferred.
• Fully qualified Actuary (Fellow of the Institute and Faculty of Actuaries or equivalent) is essential.
• Minimum of 7 years of experience in actuarial pricing within the Accident & Health insurance sector.
• Strong knowledge of pricing theory, risk modeling, and underwriting principles.
• Excellent analytical and quantitative skills with the ability to interpret complex data effectively.
• Proficient in using actuarial modeling software and spreadsheet applications.
• Exceptional leadership and team management skills with a track record of developing high-performing teams.
• Strong communication and interpersonal skills with the ability to explain complex concepts clearly and succinctly to various stakeholders.
• Ability to work effectively under pressure and manage multiple priorities simultaneously. If you are an innovative actuary with a passion for the Accident & Health insurance sector we invite you to join our team. Together we can continue to deliver exceptional service to our clients and drive our organization's growth.

Daily Expectations

As an integral member of our Actuarial team, the Actuarial Pricing Manager - A&H will be expected to:

*Actuarial Modelling and Analysis

• : Perform complex actuarial analyses, pricing and reserving for Accident & Health (A&H) products using advanced statistical techniques and industry-standard modeling software. Continuously improve models to enhance the accuracy of risk assessments and pricing.

• *Product Development

• : Collaborate with product development teams to design new A&H insurance products, ensuring they are appropriately priced and financially sound based on actuarial analyses.

• *Risk Management

• : Identify and assess potential risks associated with A&H products, devise strategies to mitigate these risks, and monitor their effectiveness. Maintain a deep understanding of the A&H industry's evolving regulatory environment and ensure compliance with relevant laws and guidelines.

• *Stakeholder Communication

• : Prepare clear, concise reports for senior management, underwriting teams, and clients detailing actuarial findings, risk assessments, and product performance. Effectively communicate complex actuarial concepts to non-technical stakeholders.

• *Professional Development

• : Stay abreast of industry trends, research, and advancements in actuarial science and A&H insurance. Continuously develop professional skills through training, workshops, and networking events.

• *Team Collaboration

• : Work collaboratively with cross-functional teams, including underwriting, claims, product development, and risk management, to ensure the successful implementation of actuarial insights across the organization.

• *Mentorship

• : Assist in the development and mentoring of junior actuaries within the team, sharing knowledge, expertise, and fostering a culture of continuous learning and improvement. By fulfilling these expectations, you will help our organization optimize pricing strategies for A&H products, manage risk effectively, and drive product innovation while maintaining compliance with regulatory standards. Your contributions will be essential in supporting our mission to provide superior insurance solutions to our clients.