Bupa
Health Insurance
ProductDevelopmentActuary
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Product Development Actuary at Bupa. Skills: Product development, Pricing, Actuarial techniques. Lead actuarial input into product development. Contribute actuarial input into proposition development”
What You'll Achieve.
Support Bupa's strategic goals; Support decision making; Achieve desired customer outcomes
Industry & Context.
What They're Looking For.
Must Have
Qualified Actuary (FIA or equivalent), Significant experience of working in Financial Services
Nice to Have
Significant experience in Health Insurance
What You'll Do.
Lead actuarial input into product development
Contribute actuarial input into proposition development
Assess financial risk of product changes
Assess commercial risk of product changes
Assess customer impact of product changes
Provide actuarial oversight during implementation
Monitor post-launch experience
Review emerging experience
Identify actions for diverging outcomes
Manage project priorities
How You'll Work.
Team & Collaboration
Engage colleagues in other teams; Influence colleagues in other teams
Communication Scope
Excellent communication skills; Present technical information; Ensure information is understood
Process & Methodology
Manage priorities across diverse portfolio, Balance pace, quality, risk
Full Job Description
Job Description: **Product Development Actuary** **Hybrid working with up to 4 days per week working from home** **Staines, Angel Court – London or Salford Quays - Manchester** **Permanent** **Salary £72,300 - £90,300 dependant upon experience** **Fantastic benefits including generous pension, healthcare and 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. The Product Development Actuary is an exciting new role supporting both Bupa's UK Insurance and Bupa Global business units. Here, you’ll be part of the pricing projects team, responsible and accountable for providing product development and pricing support to a wide variety of projects across the business. You will play a key role in shaping new and existing products by applying actuarial techniques, developing robust assumptions and supporting the implementation of initiatives. The pricing team is responsible for developing and delivering the pricing strategy in support of Bupa's strategic goals. **How you’ll help us make health happen** Key duties include: * Leading and contributing actuarial input into product & proposition development projects, including benefit design, underwriting features, pricing structures and customer outcomes. * Assessing the financial, commercial risk and customer impact of proposed product and proposition changes, highlighting key sensitivities and downside risk analysis to support decision making. * Engaging & influencing colleagues in other teams such as Sales, Finance, Product & Proposition, Clinics and Healthcare Analytics on a range of projects and initiatives. * Providing actuarial oversight during implementation, including post-launch monito
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