Senior Actuarial Manager, Pricing

Job Posting End Date: December 10

Who are we?

We’re a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we’re on a collective mission to help the working world thrive.

The role

What will you be doing?

○ Lead the setting of central pricing bases and agree product terms across Unum’s Group Income Protection, Group Life, Group Dependants and Group Critical Illness products.

○ Own and deliver pricing reviews, annual experience investigations, and recommendations for changes to pricing assumptions, ensuring appropriate peer and risk reviews are completed.

○ Monitor emerging risk trends, new money rates, expenses and cost of capital, recommending pricing adjustments where needed to keep our approach commercially robust and within risk appetite.

○ Play a key role in pricing governance, preparing clear reports and presenting recommendations to senior forums including the Pricing Governance Group, Strategic Revenue Price Group and other committees.

○ Work closely with key partners across Financial Underwriting, Distribution, Marketing and DT&T, helping to translate pricing insight into practical commercial decisions.

○ Consider the impact of pricing recommendations on vulnerable customers, fair value, Conduct Risk, Consumer Duty and wider Solvency II governance requirements.

○ Maintain strong controls across pricing processes, while proactively identifying opportunities to improve ways of working within the team.

○ Support pricing and risk selection strategic initiatives, helping shape the future direction of pricing capability across the business.

○ Provide line management, technical guidance and coaching to actuarial students and newly qualified actuaries, supporting their development and contribution to the team.

What will you bring?

○ You’ll be a qualified actuary with strong post-qualification experience, ideally gained within life, health or protection insurance.

○ You’ll bring strong pricing experience, with the technical confidence to review assumptions, investigate experience and make sound recommendations in a complex commercial environment.

○ You’ll have a degree-level education, ideally 2:1 or above, in a subject with significant mathematical or statistical content.

○ You’ll be highly numerate, comfortable working with data and pricing models, and confident using IT tools to support analysis and decision-making.

○ You’ll have excellent communication and stakeholder management skills, with the ability to produce clear, concise reports and present technical recommendations to senior audiences.

○ You’ll be able to balance technical rigour with commercial judgement, managing competing priorities and delivering high-quality work under pressure.

○ You’ll bring curiosity and external market awareness, applying new ideas and industry insight to help improve pricing approaches and business outcomes.

○ You’ll have the leadership capability to coach, guide and develop actuarial colleagues, supporting both technical growth and career progression.

Location

Hybrid working. 3 days in office, 2 days from home. From office locations in Dorking, London or Basingstoke. (Dorking location preferred for office days)

Benefits

• ○ Bonus
• ○ Pension
• ○ Life assurance
• ○ Income protection
• ○ Private medical insurance
• ○ Health and wellbeing support
• ○ Holiday allowance
• ○ Electric vehicle scheme
• Why join us?
• At Unum, we’ve created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life.
• As a part of our commitment to creating an inclusive workplace , we actively encourage applications from those with disabilities and those with long-term health conditions.
• If you meet the essential criteria for the role and choose to opt in to the scheme during your application, you will be offered an interview under the Disability Confident Scheme.
• If you need assistance and/or reasonable accommodation due to a disability during the application or recruiting process, please send a request to careers@unum.co.uk .
• We are proud to be a Disability Confident Employer.

Company

Unum UK