Job Description:Pricing Actuary - Commercial ProjectsHybrid working / London (office 2 days a month)Competitive Salary + Bonus, BenefitsPermanent / 37.5 hours a weekClosing date: 30th April 2024About Bupa…We’re a leading health insurer and healthcare provider, with care homes, health centres, dental practices and a hospital. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers. Your input will support Bupa to deliver on our purpose, helping people live longer, healthier, happier lives.Bupa has 50 million customers globally, Group revenue in 2023 was circa £15 billion.About the area you’ll be working in…This Pricing Actuary will partner with internal and external stakeholders to drive pricing transformation for our private medical insurance products. In addition to our UK market, you will also support pricing projects for ‘Bupa Global’ market (Ireland, Middle East etc). You will closely support the Heads of Actuarial Pricing at Bupa, in addition to partnering with Bupa’s finance teams.Role summary:Ownership of commercial actuarial projects (inc. actuarial pricing and underwriting)Pricing optimisation and sophisticationCollaborate with Pricing Development, Delivery and Technical Actuarial teamsPricing models - Generalised linear modelling, pricing elasticity, customer lifetime value models, sales conversion models, customer retention models, pricing segmental conventions and competitor pricingIdentify best practice approaches to pricing used in the insurance marketSeek synergies in pricing – UK and internationalDevelopment & maintenance of documented Underwriting & Pricing StrategyAdvise on the reinsurance arrangementsConvert Annual Operating Plans (AOPs) into Annual Pricing PlansMergers & Acquisitions – provide actuarial subject matter expertiseSystem implementation support (Radar)About you…Qualified Actuary (FIA/ IFoA) with significant relevant experienceGeneral Insurance or Health Insurance backgroundTechnical actuarial expertise (assumption setting, financial management technical methods and modelling)Experience of leading projects of a relevant size and scaleAbility to build strong partnerships with internal and external stakeholdersBrave, Caring, Responsible – Bupa valuesBenefits at BupaOur benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. Benefits include:25 days holiday, increasing through length of service, option to buy or sellAnnual performance-based bonusCar AllowanceBupa health insurance as a benefit in kindAn enhanced pension plan & life insuranceVarious other benefits and online discountsDiversity and InclusionHere you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives.Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly regardless of disability or circumstance. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.Time Type: Full timeJob Area: Finance & AccountingLocations: Angel Court, London, Unit 1, Pinetrees, Staines
