Pricing Actuary

Location
Southampton, Hampshire
Salary
Negotiable
Posted
15 May 2018
Closes
15 Jun 2018
Contract Type
Permanent
Hours
Full Time

Supports the International Pricing Team in pricing and product maintenance / minor upgrades of all existing and new non-protection products, pricing deals for distributors, product testing and product migration work.

Should be able to carry out elements of the Pricing Actuary roles as cover for these positions due to illness or leave
 Works with the Pricing Actuaries to regularly monitor profitability and business mix for existing open products as well as closed products, including versus competitors
 Drafts signoff documentation required by the Pricing Actuaries, documentation of pricing bases and changes, and documentation of processes followed and systems used
 Assists in the development and maintenance of pricing systems, including recalibration where necessary
 Informs management of the product lines through the production of insightful MI reports
 Responsible for testing following new product developments, re-prices or migrations (includes user acceptance testing)
 Deals with ongoing technical queries from the other areas of the business in line with agreed parameters and procedures
 Supports the Pricing Actuaries with modelling of distributor and segment profitability
 Supports the annual profitability review process
 Active role in supporting the Pricing Actuaries to monitor existing business (includingrisk mitigation and management) and perform the product lifecycle management process
 Performs experience investigations into major business drivers, including persistency, asset management margin, and expenses

Good understanding of investment & retirement product features and competitive pricing approaches
 Strong Excel skills
 Industry awareness and exposure

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