Senior Pricing Actuary

MetLife

  • Brighton
  • Permanent
  • Full-time
  • 2 months ago
City/CitiesBrightonWorking ScheduleFull-TimeWork ArrangementHybridTravel Required10%Relocation Assistance AvailableNoPosted Date02-Jul-2025Job ID9758Description 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 Senior Pricing Actuary role is crucial for optimizing reinsurer relationships, ensuring accurate financial modelling, and contributing to product development. At MetLife, this Senior Pricing Actuary role 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 Senior Pricing Actuary 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.
  • Lead actuarial pricing, modelling, and reporting for Employee Benefits and Individual Protection.
  • Develop towards succession of the current Head of Pricing and deputize for the Head of Product, Data and Underwriting.
  • Optimize relationships with internal and external reinsurers.
  • Ensure accurate reflection of reinsurance arrangements and capital calculations in models.
  • Contribute to the product development process and manage product approval documentation.
This Senior Pricing Actuary 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) * Financial Modelling and reporting
  • Assist in setting and reviewing actuarial assumptions for pricing
  • Assist in developing and maintain pricing, reporting, management information and quote models
  • Assist in accurately reflecting all reinsurance arrangements and capital calculations in models
  • Work with Global Employee Benefits, EMEA and other functions to ensure we collaborate and achieve success
  • Contribute to the Product Development Process
  • Assist in calculating financial metrics and participate in experience analyses and assumptions setting, market research and pricing analyses
  • Assist in managing and completing all product approval documentation in conjunction with all stakeholders
  • Assist in ensuring there is a customer focus in all aspects of the actuarial control cycle
  • BAU Activities
  • Work closely with other members of the Product team to support ongoing product management and monitoring, and reporting responsibilities
  • Collaborate with other functions in the business
  • Support monthly Pricing Forum and product of the pack
d. Relationships with reinsurers (internal and external)i. Assist in measuring performance of our reinsurersii. Assist in maintaining ongoing process to negotiate competitive termsWhat You Need to Succeed (Required Qualifications)
  • Fellow of the Institute and Faculty of Actuaries with relevant years' post-qualified experience
  • Very strong technical background with MS Office, especially Excel VBA
  • The successful candidate must:
  • Have a strong commercial and strategic mindset
  • Experience in the UK protection market
  • Pay attention to detail
  • Take ownership and personal responsibility for delivering timely, high-quality work.
  • Possess strong problem-solving skills
  • Have good communication skills with the ability to interact with different stakeholders.
  • Be able to source and collate data, draw conclusions and present findings.
  • Learn quickly from experience
  • Ability to work under pressure
  • Experience in managing and coaching/mentoring others
What Can Give You an Edge (Additional Skills)
  • Experience with Python, Alteryx, SQL, Access, and other quantitative software packages
  • Innovative and creative mind
  • Good research track-record
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, meet some of your practical needs, and provide advantages in terms of tax and National Insurance savings. 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 2025 "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™ for 2024, 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. At MetLife, it's . Join us!

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