Actuarial Pricing Analyst

Actuarial Pricing Analyst

Here at Old Mutual we are recruiting for a Actuarial Analyst to join the Product team in Southampton.

As a Actuarial Analyst you will support 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.

Key Responsibilities and Scope of role:

• 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 (including risk mitigation and management) and perform the product lifecycle management process
• Performs experience investigations into major business drivers, including persistency, asset management margin, and expenses
  

Key Behavioural Skills:

Focus on our values :



Dependable :

• Act with integrity, due skill, care and diligence
• Ensure customer outcomes are the focus of our business and we are respected by regulators

Stronger together:

• Collaborate with peers across the Organisation
• Share openly and be transparent
• Adopt a responsible approach

Pioneering:

• Maintain our entrepreneurial culture
• Strive for continuous improvement

Qualifications required:

• Part-qualified actuary: significant progress in the actuarial exams towards FFA/FIA or equivalent
  

Experience required:

• Good understanding of investment & retirement product features and competitive pricing approaches
  
• Strong Excel skills
  
• Industry awareness and exposure
  
• Experience of insurance pricing and capital models and related software, as well as of the process of setting and revising pricing and valuation bases
  
• Highly analytical while retaining a commercially-focused outlook; hands-on approach and can-do attitude
  
• Team player, with strong results focus and high levels of initiative and innovation; able to collaborate across different areas of the business
  
• Great communicator, with ability to build strong, long-term, mutually beneficial relationships
  

Rewards and benefits:

We offer an innovative and flexible reward package. In addition to your starting salary, we also offer:

• Access to a great range of offers and discounts from well-known retailer
  Season ticket loans
• The ability to buy and sell holiday
• Bonus - most employees are eligible to participate in our bonus scheme, based on the company and personal performance
• Pension Scheme - non-contributory company pension scheme that can be boosted through personal contributions
• Private medical insurance
• A flexible benefits package (eg: dental insurance, childcare vouchers, retail vouchers)
  

We are committed to creating an inclusive culture which embraces diversity. We promote equal opportunities and ensure that no applicant is subject to less favourable treatment on the grounds of gender, marital status, nationality, ethnicity, age, sexual orientation, responsibilities for dependants, physical or mental disability. We select candidates for interview based on their skills, qualifications, experience and potential.