Brighton

London

Staines

Part Qualified

Qualified

Senior Actuary

Life

Health

Reserving

Reporting

Risk

Python

Modelling

Experience Analysis

Pricing

Excel

Power BI

Tableau

Alteryx

<article class="article article--details article--separator-not regular-fields--cols-2Z">City/Cities: BrightonWorking Schedule: Full-TimeWork Arrangement: HybridTravel Required: 10%Relocation Assistance Available: NoPosted Date: 02-Jul-2025Job ID: 9758</article><article class="article article--details">Description and RequirementsThe Team You Will JoinThe Senior Pricing Actuary role involves managing actuarial pricing, modelling and reporting in the UK Product team across Employee Benefits and Individual Protection. This includes pricing for product developments, reinsurance arrangements, model development, financial reporting, experience analysis and working closely with other functions.The OpportunityThe Senior Pricing Actuary leads actuarial pricing, modelling, and reporting for Employee Benefits and Individual Protection. This role is crucial for optimizing reinsurer relationships, ensuring accurate financial modelling, and contributing to product development.This position provides essential actuarial expertise to support pricing strategies and ensure product financial stability, maintaining our competitive edge.The Senior Pricing Actuary supports MetLife's mission to enhance customer wellbeing by developing robust pricing models and accurate reporting for sustainable insurance products.Joining MetLife offers a dynamic environment where contributions are valued. This role provides professional growth and the chance to impact the company's financial health. Success requires strong technical skills, analytical thinking, and effective communication.The ideal candidate will excel in financial modelling, actuarial principles, cross-functional teamwork, and leadership, including mentoring part-qualified actuarial students.<ul><li>Lead actuarial pricing, modelling, and reporting for Employee Benefits and Individual Protection.</li><li>Develop towards succession of the current Head of Pricing and deputize for the Head of Product, Data and Underwriting.</li><li>Optimize relationships with internal and external reinsurers.</li><li>Ensure accurate reflection of reinsurance arrangements and capital calculations in models.</li><li>Contribute to the product development process and manage product approval documentation.</li></ul>This role collaborates closely with Global Employee Benefits, EMEA functions, and other internal stakeholders. MetLife fosters an environment where every perspective is heard and respected, driving innovation and success through teamwork.How You’ll Help Us Build a Confident Future (Key Responsibilities)<ol start="1" type="a"><li>Financial Modelling and Reporting</li></ol><ol style="list-style-type: lower-roman;margin-left: 62px;"><li>Assist in setting and reviewing actuarial assumptions for pricing.</li><li>Assist in developing and maintaining pricing, reporting, management information and quote models.</li><li>Assist in accurately reflecting all reinsurance arrangements and capital calculations in models.</li><li>Work with Global Employee Benefits, EMEA and other functions to ensure collaboration and success.</li></ol><ol start="2" type="a"><li>Contribute to the Product Development Process</li></ol><ol style="list-style-type: lower-roman;margin-left: 62px;"><li>Assist in calculating financial metrics and participate in experience analyses and assumptions setting, market research and pricing analyses.</li><li>Assist in managing and completing all product approval documentation in conjunction with all stakeholders.</li><li>Assist in ensuring there is a customer focus in all aspects of the actuarial control cycle.</li></ol><ol start="3" type="a"><li>BAU Activities
<ol style="margin-bottom:0cm;margin-top:0cm;" start="1" type="i"><li>Work closely with other members of the Product team to support ongoing product management and monitoring, and reporting responsibilities.</li><li>Collaborate with other functions in the business.</li><li>Support monthly Pricing Forum and product of the pack.</li></ol></li></ol>Relationships with reinsurers (internal and external):Assist in measuring performance of our reinsurers.Assist in maintaining ongoing process to negotiate competitive terms.What You Need to Succeed (Required Qualifications)<ul><li>Fellow of the Institute and Faculty of Actuaries with relevant years’ post-qualified experience.</li><li>Very strong technical background with MS Office, especially Excel VBA.</li><li>The successful candidate must:
<ul><li>Have a strong commercial and strategic mindset.</li><li>Experience in the UK protection market.</li><li>Pay attention to detail.</li><li>Take ownership and personal responsibility for delivering timely, high-quality work.</li><li>Possess strong problem-solving skills.</li><li>Have good communication skills with the ability to interact with different stakeholders.</li><li>Be able to source and collate data, draw conclusions and present findings.</li><li>Learn quickly from experience.</li><li>Ability to work under pressure.</li><li>Experience in managing and coaching/mentoring others.</li></ul></li></ul>What Can Give You an Edge (Additional Skills)<ul><li>Experience with Python, Alteryx, SQL, Access, and other quantitative software packages.</li><li>Innovative and creative mind.</li><li>Good research track record.</li></ul>Benefits We OfferMetLife UK offers a range of benefits to deliver value to our employees and their families, supporting their health, wellbeing and financial security. Our flexible benefits offering provides freedom, choice, and flexibility in the way that you receive your benefits to better suit your lifestyle.Our core benefits include 9% employer pension contributions with up to 4% matching available, comprehensive private medical insurance, income protection insurance, and life insurance.We offer a host of additional benefits that you can choose to buy including critical illness, dental, travel, gadget insurance, annual leave buy/sell, partner life insurance and more.All employees receive a £20 benefits allowance per month to spend on any additional benefits they select.About MetLifeRecognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World’s Best Workplaces, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers.With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East. Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future.United by purpose and guided by empathy, we’re inspired to transform the next century in financial services.</article>

Hybrid working with 3-4 days per week working from home£85K - £115K per annum dependent upon experienceFantastic benefits including 10% Management Bonus SchemeWe consider all types of flexibility, including locations, hours and working patterns.Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision.The Claims Analytics Actuary/Business Partner is responsible for identifying underlying trends within our insurance data using a range of statistical model and software. This is a key responsibility in developing views on claims trends and recommending inflation for our UKI &amp; BG business units to support our pricing proposition and planning considerations. In order to achieve this, the business partner will connect with a variety of senior stakeholders across Actuarial, Pricing, Finance and Healthcare Management.Accountabilities &amp; Activities:<ul><li>Leading change projects and transformation of BUPA analytics platforms to support more effective estimations of key assumptions including the claims inflation outlook for our insurance products</li><li>Identifying trends in our insurance data using a range of statistical models and software (e.g.SAS,R,Python).</li><li>Leveraging best market practice in the local and global marketplace.</li><li>Engagement with consultants and 3rd party providers of data and benchmarking to contribute to BUPA’s commercial position and outlook</li><li>Understanding how external data is linked to our volumes and claim spend.</li><li>Effectively communicating insights and key assumptions needed for our pricing and planning. To include feedback and recommendations to Executive Committee, Board and regular input Claims Reserving levels on a regular basis to help steer company strategy.</li><li>Presenting data using appropriate visualization tools (e.g.PowerBI,Tableau</li><li>Takes ownership and responsibility for projects as assigned by the Chief Actuary and Director of Actuarial Analytics and is able to develop a project without detailed guidance from senior management</li><li>Mentorship and development of new actuarial analysts as they join the team</li><li>Leads and supports the analysis of claims dimensions to understand and make recommendations on inflation for different parts of the BUPA portfolio</li><li>Ensure that data and models used to support aspects of reserving, planning and financial disclosures are reviewed and documented as part of the Actuarial control environment</li><li>Ensure all team members have the appropriate level of competence to perform their roles effectively in a regulated environment</li></ul>Key Skills / Qualifications needed for this role:<ul><li>Minimum 5 years commercial experience in either insurance or similar regulated environment.</li><li>Must have the ability to engage and influence at all levels of the business.</li><li>Be customer obsessive (internally &amp; externally).</li><li>Must be able to plan and manage change.</li><li>Be able to plan and implement measures to control and reduce risk.</li></ul>BenefitsOur benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.Joining Bupa in this role you will receive the following benefits and more:25 days holiday per year, pro rata to your contract.Access to a range of services to support your physical and mental wellbeingFixed term benefits allowanceAccess to our confidential employee assistance programmeWorkplace pensionOnline discounts covering your everyday shopping, entertainment, eating out and more.Why Bupa?We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.As a Disability Confident employer, we offer a guaranteed interview for every disabled applicant who meets the minimum criteria for the job. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

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