Senior Pricing Actuary

Senior Pricing Actuary Location: Staines or Angel Court, London Working arrangement: Hybrid with up to 4 days per week working from home Employment type: Permanent, Full time (37.5 hours per week) Salary: £83K - £103K per annum Benefits: 10% management bonus scheme 25 days holiday, increasing with length of service, option to buy or sell days Bupa health insurance as a benefit in kind Enhanced pension plan and life insurance Onsite gyms or local discounts where no onsite gym available Various other benefits and online discounts We make health happen. Our Actuarial teams play a key role in delivering 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. Job Description We’re looking for an experienced Pricing Actuary to help Bupa support the delivery of Bupa’s strategic and commercial goals and ensure good outcomes for customers through the development of pricing strategies and tactical recommendations for Bupa’s UK consumer PMI portfolio. You will manage a team of actuarial analysts who support this work using and maintaining sophisticated pricing models to produce deep insight and impactful recommendations. Responsibilities Develop pricing strategies and make recommendations to the business via appropriate governance committees to ensure delivery of the business strategy. Serve as the primary contact to key business stakeholders, ensuring their engagement and buy‑in for all recommended changes. Develop and maintain GLMs, GBMs and other machine‑learning models used for pricing and to provide insight into customer decision‑making. Apply a portfolio‑management approach, scenario testing and price optimisation, including management dashboards. Carry out pricing fairness reviews as envisaged in the Pricing Fairness Framework. Evaluate the impact of new regulatory developments and make recommendations for pricing and underwriting responses. Price new and existing PMI and other insurance products. Facilitate and interpret competitor pricing analysis. Work with actuarial and clinical claims analytics teams to develop claims inflation assumptions and with commercial finance teams to understand expenses. Support projects across multiple functional areas as a pricing subject‑matter expert, applying advanced analytical methods to develop business solutions. Identify and drive continuous improvement and efficient ways of working. Provide leadership for own team and wider pricing team, coaching and development to build a high‑performing and engaged team. Identify key talent and take steps to develop potential successors. Key Skills / Qualifications Qualified Actuary (IFoA or equivalent) with relevant post‑qualification experience. UK PMI or general insurance pricing experience. Experience in pricing using statistical modelling, including GLMs and machine‑learning methods. Lifetime value or embedded value modelling experience. Experience with analytical tools such as Snowflake/SQL, Emblem, Radar, Python and Power BI. Proven track record of applying analytics and data modelling to business situations to provide strategic recommendations. A proactive, innovative mindset; constructive challenge; seeing things from a customer’s viewpoint and exploring new directions prompted by data‑driven insight. Strong commercial skills: identifies and understands risks, opportunities and impacts on customers and the business, and develops and delivers effective solutions. Strong written and oral communication skills, explaining complex issues clearly and concisely, presenting compelling arguments/proposals using fact‑based evidence and research, adapting style for maximum impact with audiences. Builds effective relationships with stakeholders, challenges constructively and resolves conflict/productively. Change agent – takes the team on a journey through involvement, communication and leading from the front. Benefits 25 days holiday, increasing through length of service, with option to buy or sell. 10% management bonus scheme. Bupa health insurance as a benefit in kind. Enhanced pension plan and life insurance. Onsite gyms or local discounts where no onsite gym available. Various other benefits and online discounts. Why Bupa? We’re a health insurer and provider with no shareholders – our customers are our focus. Our people are driven by the purpose of 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”, champion diversity and value our people representing the communities and customers we serve. Bupa is a Level 2 Disability Confident Employer and offers reasonable adjustments to disabled applicants. Contact: careers@bupa.com #J-18808-Ljbffr