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 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 needed for this role:
The role holder is expected to have the following experience and qualification/s:
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
Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health - from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.
Joining Bupa in this role you will receive the following benefits and more:
• 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.
Why Bupa?
We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose - helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
We encourage all of our people to ”Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That's why we especially encourage applications from people with diverse backgrounds and experiences.
Bupa takes pride in being 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're 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.
If you require information regarding this role in an alternative format, please email: careers@bupa.com
Time Type:
Full timeJob Area:
Finance & AccountingLocations:
Angel Court, London, Bupa Place, Staines - Willow House
Bupa’s purpose is helping people live longer, healthier, happier lives and making a better world. We do this by providing a broad range of healthcare services, support and advice to people throughout their lives. People are at the heart of everything we do. Together, we make health happen.
Every company needs an ethos, and we're no different. Through good days and challenging times, we always work with our values in mind. These are: Brave - Make new possibilities happen. Caring - Act with empathy and respect. Responsible - Own your decisions and actions.
We don't have shareholders at Bupa, which means we're free to invest our profits where they matter: our patients, our facilities, our research, and you.
As a healthcare provider, we have a duty to do the right thing. By our customers, our people and our partners. The Bupa Code holds us to this duty. It's our promise to protect, care for, and build trust with everyone who relies on us.
Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve.
You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.Free
to be you.
Back in September 2018, we made a pledge. That we'd do whatever we could to make Bupa a diverse, kind and inclusive place to work.
Everyone deserves a positive working environment. Everyone deserves to have their voice heard. Everyone deserves freedom from bullying, harassment and discrimination.
Rhitik joined our Actuarial team for his placement year in 2020 and will be returning in 2022 as part of our Graduate programme. We caught up with him at the end of his Placement year to find out how he got on, and why he chose to stay with Bupa once he’s completed his studies.
Read more