Product Development Actuary
Hybrid working with up to 4 days per week working from home Staines, Angel Court – London or Salford Quays – Manchester.
Job Description
Position Type: Permanent. Salary: £72,300 – £90,300 depending on experience.
Full time, 37.5 hours per week.
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.
Key Duties
- 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 monitoring, review of emerging experience and identification of actions where outcomes diverge from expectations.
- Managing priorities across a diverse portfolio of projects, applying professional judgement to balance pace, quality, risk and stakeholder needs.
Key Skills & Qualifications
- Qualified Actuary (FIA or equivalent)
- Significant experience of working in Financial Services
- Significant experience in Health Insurance is an advantage
- Excellent communication skills, including the ability to present technical information and ensure it is understood by various stakeholders
- Adaptability to handle a wide variety of different projects and prioritise and manage multiple tasks
- Awareness and understanding of the wider business, economic and market environment in which Bupa operates.
- An appropriate level of awareness and understanding of Bupa’s strategy and business model.
Benefits
- 25 days holiday per year, pro rata to your contract.
- Access to a range of services to support your physical and mental wellbeing
- Fixed term benefits allowance
- Access to our confidential employee assistance programme
- Workplace pension
- Online discounts covering your everyday shopping, entertainment, eating out and more.
We encourage applications from people with diverse backgrounds and experiences. Bupa is a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We are committed to ensuring you’re treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process.
End Date: June 7, 2026
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