A fantastic opportunity has arisen for an experienced and qualified Protection Pricing Actuary to join a friendly, growing and progressive Insurance company in the South West. This position would report into the CFO. Ideally, the successful applicant would be open to a 1 year fixed term contract - this can be 3-4 days per week. This role has the opportunity to become permanent. PURPOSE OF THE POSITION · Working with our Pricing Actuary, help lead our Protection product pricing · To take a lead role in the development of innovative propositions · To work with the Capital and Reporting Actuary to understand our Protection experience · To manage risk within the risk framework of the business · To deliver the requirements of Customer Duty · To reinforce the company brand and support delivery of its purpose and vision Critical Outcomes · Product design and pricing that are profitable and marketable and meet business plans. · Effective protection pricing philosophy documented and agreed. · Deep level of Protection experience and the market to allow prices to be set at a sustainable level. · Underwriting and claims handling procedures that are consistent with product design and pricing · Delivery of outcomes that are consistent with our members’ expectations. · Adherence to the Group’s core values and behaviours. KEY RESPONSIBILITIES · To work with our Pricing Actuary and lead Protection pricing to maximise (within the agreed constraints) the value generated by new business · To work with our Pricing Actuary to review and make recommendations to propositions to improve the value generated by new business · To represent (as agreed) the Chief Actuary and the Pricing Actuary at Proposition Governance Committee and Distribution Quality Management · To work with the Head of Insurer Solutions to help develop reinsurance strategies for new and existing protection business · To advise management on appropriate business quality metrics · To liaise with IT and other departments in specifying, developing, testing, implementing and operating systems · To liaise with our reinsurers, our proposition team, our distribution and marketing teams and other departments in specifying and developing product changes and new products · To liaise with our underwriting and claims departments on suitable underwriting strategies and to assist them in optimising the value of underwriting · To analyse and report to the Board on new product or distribution opportunities · To assist analysis of potential mergers, acquisitions, and partnerships · To peer review the output of other members of the actuarial team · To provide insight into business planning · To identify, escalate, manage and mitigate risks in a timely manner OTHER RESPONSIBILITIES · Adhere to the Financial Conduct Authority Individual Conduct Rules, and The business's Expectations EXPERIENCE AND QUALIFICATIONS · Must be a qualified actuary · Must have experience of protection pricing or product development · Prophet experience an advantage · Must have the right to work in the UK PERSON PROFILE · Strong technical skills · Ability to think logically and creatively · Ability to apply judgement in both actuarial and business contexts · Excellent organisation and prioritisation skills · Effective written and verbal communication skills · Able to work at a fast pace and manage interruptions