Head of Pricing - Insurance UK

Head of Pricing - Insurance UK My client, a large global bank, is seeking a Senior Actuary to lead their Insurance pricing team, based in either London or Whitely.


The ideal candidate will lead the UK Pricing Team and will supply subject matter expertise on all pricing related issues for both the manufactured and non-manufactured business. The focus is on providing pricing support on all new and extant products in order to drive and deliver the Insurance UK AOP. Pricing will include reviewing reinsurance terms and driving commercial discussions whilst supporting financial requirements.

By considering customer satisfaction measures, alongside product reviews, conduct risk data and other feedback, the role will drive forward initiatives which help to ensure our customers' needs are achieved.

Key Responsibilities:

  • Impact on the business.
  • To lead a pricing team on the delivery of pricing of new and extant products, both manufactured and non-manufactured business.
  • Consider commerciality and pricing levels to deliver on AOP, whilst balancing the financial requirements of profitability and return needed.
  • To clearly communicate to stakeholders any pricing proposals, meeting all governance, regulation and standards required.
  • Planning and prioritising activities to ensure delivery in line with agreed objectives; individual and business.
  • Continual assessment, identification and implementation of opportunities for product improvement and mitigation of risk.
  • Setting the business agenda to achieve improvement for the customer, stakeholders and shareholders.
  • Demonstrate leadership through personal drive, energy, tenacity and resilience through a complex governance and matrix managed business.
  • Driving momentum for delivery across the team/department/ wider business.
  • Initiating, building and maintaining trusted relationships with key internal and external stakeholders across the full product journey, including but not exclusive to; product design and propositions, marketing, distribution, retention, procurement, business performance, Wealth, Group Insurance, Underwriting, Claims, servicing and Global Functions - Legal, HR, Risk, Compliance, Finance, Change Delivery.
  • Understanding, aspiring and managing yourself and others to ensure that right results are achieved, in the right way - in line with the company Values and Behaviours.
  • Leads and facilitates open and honest communication across various mediums displaying leadership skills with tact and integrity.
  • Driving change in the wider team, sharing knowledge and expertise, either in a line role, project team or cross functional group.
  • Driving self-development and developing others to bring out the best in everyone in an inclusive way.
  • Ownership and oversight of the Operational risks associated with the delivery of new products and initiatives, maintenance and assessment of existing product or exiting of products/relationships, taking account of but not exclusive to; changing economic or market conditions/legal and regulatory requirements/ operational procedures and restructuring/new technology/ internal audits.
  • Demonstrating understanding and adherence to the regulatory environment and Governance Process.
  • Deliver fair outcome for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Experience and Qualifications:

  • A qualified actuary (FIA or equivalent) with 4 + years post qualification experience.
  • In depth knowledge of pricing and product development
  • Knowledge of a wide variety of life insurance products in the company's markets.

Key Skills:

  • Significant team leadership and customer relationship management skills.
  • Ability to communicate information in a confident and structured manner to all levels of management.
  • Ability to influence business managers, to establish and maintain co-operation.
  • Good organisational and planning skills.
  • Ability to speak Spanish, French, Cantonese or Mandarin would be an advantage.

  • Up to GBP100000 per annum
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 2019-05-20