Job Description: Senior Pricing Actuary Hybrid working with up to 4 days per week working from home Staines or Angel Court, London Permanent Salary £83K - £103K per annum Fantastic benefits including 10% management bonus scheme Full time 37.5 hours per week We make health happen 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. We’re looking for an experienced Pricing Actuary to help Bupa by supporting the delivery Bupa’s strategic and commercial goals and ensuring good outcomes for customers through the development of pricing strategies and tactical recommendations for Bupa’s UK consumer PMI portfolio. Here you’ll be managing a team of talented actuarial analysts who support this work using and maintaining sophisticated pricing models to produce deep insight and impactful recommendations. Responsibilities and activities will vary depending on evolving business strategy and priorities but will include leading on the following types of tasks with the support of your team of pricing analysts: Develop pricing strategies and make recommendations to the business via appropriate governance committees to ensure the delivery of the business strategy Being the primary contact to key business stakeholders, understanding their requirements, and ensuring their engagement and buy-in for all recommended changes Developing and maintaining generalised linear models, GBMs and other machine learning models used for pricing and to provide insight into customer decision-making (e.g. conversion and renewal) Applying a portfolio management approach, scenario testing and price optimisation, including management dashboards Carrying out pricing fairness reviews as envisaged in the Pricing Fairness Framework Evaluating the impact of new regulatory developments and making recommendations in terms of a pricing and underwriting response Pricing of new and existing PMI and other insurance products Facilitating and interpreting competitor pricing analysis Working with the actuarial and clinical claims analytics teams to develop claims inflation assumptions, and work with commercial finance teams to understand expenses Supporting projects across multiple functional areas as a pricing subject matter expert, applying advanced analytical methods to develop business solutions to challenges and opportunities that arise Identifying and driving continuous improvement and efficient ways of working Provide leadership for own team and wider pricing team, in line with Bupa leadership competencies and values including coaching and development to build a high performing and engaged team Responsible for identification of key talent and taking steps to develop potential successors Key Skills / Qualifications needed for this role: The role holder is expected to have the following experience and qualification/s (experience requirements may be relaxed for strong candidates): Qualified Actuary (IFoA or equivalent) with relevant post-qualification experience UK PMI or general insurance pricing experience Experience in pricing using statistical modelling including Generalised Linear Models and other machine learning methods (experience in developing and deploying novel approaches to pricing would be an advantage) Lifetime value or embedded value modelling Experience with relevant analytical tools such as Snowflake/SQL, Emblem, Radar, Python and Power BI Proven track record of applying analytics and data modelling to business situations in order 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 is able to develop and deliver 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, able to challenge constructively and resolve conflict / issues productively. Change agent – takes the team on a journey through involvement, communication and leading from the front. Benefits Our 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, increasing through length of service, with option to buy or sell 10% management bonus scheme Bupa health insurance as a benefit in kind An 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 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. Bupa takes pride in being a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We’re committed to ensuring you’re treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process. If you require information regarding this role in an alternative format, please email: careers@bupa.com Time Type: Full time Job Area: Finance & Accounting Locations: Staines - Willow House Be at the heart of helping people live longer healthier, happier lives and making a better world. We employ more than 80,000 people globally who are making this a reality. If you've got the belief, the drive and the talent to help us in our ambition then we’d like to hear from you. Wherever you work, one thing stands out about Bupa people. Our customers are our passion – they’re at the heart of our positively different culture of care. At Bupa you’ll be challenged, you’ll be encouraged to innovate, and collaborate with colleagues who are committed to delivering exceptional experiences. We trust, respect and consider everyone, knowing your difference will make the difference.