Senior Pricing Actuary

Location: Greater London

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January 31, 2026 (17 days left to apply) job requisition :
R1208556

Job Description:

** Senior Pricing Actuary
**** Hybrid working with up to 4 days per week working from home
**** Staines or Angel Court, London
**** Permanent
* *** Salary £91,900 - £114,800 per annum
**** Fantastic benefits including 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.

We’re looking for an experienced Pricing Actuary to help Bupa by supporting the delivery Bupa’s strategic and commercial goals and ensuring good outcomes for customers through the development of pricing strategies and tactical recommendations for Bupa’s UK consumer PMI portfolio.

Here you’ll be managing a team of talented actuarial analysts who support this work using and maintaining sophisticated pricing models to produce deep insight and impactful recommendations.

Responsibilities and activities will vary depending on evolving business strategy and priorities but will include leading on the following types of tasks with the support of your team of pricing analysts:
* Develop pricing strategies and make recommendations to the business via appropriate governance committees to ensure the delivery of the business strategy
* Being the primary contact to key business stakeholders, understanding their requirements, and ensuring their engagement and buy-in for all recommended changes
* Developing and maintaining generalised linear models, GBMs and other machine learning models used for pricing and to provide insight into customer decision-making (e.g. conversion and renewal)
* Applying a portfolio management approach, scenario testing and price optimisation, including management dashboards
* Carrying out pricing fairness reviews as envisaged in the Pricing Fairness Framework
* Evaluating the impact of new regulatory developments and making recommendations in terms of a pricing and underwriting response
* Pricing of new and existing PMI and other insurance products
* Facilitating and interpreting competitor pricing analysis
* Working with the actuarial and clinical claims analytics teams to develop claims inflation assumptions, and work with commercial finance teams to understand expenses
* Supporting projects across multiple functional areas as a pricing subject matter expert, applying advanced analytical methods to develop business solutions to challenges and opportunities that arise
* Identifying and driving continuous improvement and efficient ways of working
* Provide leadership for own team and wider pricing team, in line with Bupa leadership competencies and values including coaching and development to build a high performing and engaged team
* Responsible for identification of key talent and taking steps to develop potential successors
** Key Skills / Qualifications needed for this role:
** The role holder is expected to have the following experience and qualification/s (experience requirements may be relaxed for strong candidates):
* Qualified Actuary (IFoA or equivalent) with relevant post-qualification experience
* UK PMI or general insurance pricing experience
* Experience in pricing using statistical modelling including Generalised Linear Models and other machine learning methods (experience in developing and deploying novel approaches to pricing would be an advantage)
* Lifetime value or embedded value modelling
* Experience with relevant analytical tools such as Snowflake/SQL, Emblem, Radar,…