Actuarial Specialist: Product Development at PPS

Job Advert Summary    

• To support the design, development, pricing, and ongoing performance management of insurance products. The role focuses on product development, pricing analysis, research and data analysis, technical marketing support, and management information (MI) reporting to ensure products are actuarially sound, competitive, and aligned with business strategy and regulatory expectations.

Minimum Requirements    
Education:   

• Qualified/nearly qualified Actuary (or equivalent Actuarial qualification) 

Experience: 

• Minimum 5-7 years experience in life insurance product development and/or pricing. 
• Experience with data analysis, actuarial modelling, and MI reporting 
• Experience with Prophet actuarial modelling software (preferred) 
• Exposure to technical marketing or product documentation drafting (preferred) 

Knowledge and Skills: 

• Strong analytical and problem-solving capability, with the ability to translate complex actuarial analysis into clear, practical insights. 
• High attention to detail with strong documentation skills, ensuring accuracy, clarity, and robustness of outputs. 
• Proven ability to manage multiple workstreams, prioritise effectively, and deliver within deadlines. 
• Strong written and verbal communication skills for both technical and non-technical audiences. 
• Strong preference for leveraging AI and new technologies to drive efficiency, automation, and optimisation across actuarial and product processes. 
• Strong data capability, with the ability to work confidently with large data sets and perform robust data analysis to support actuarial, pricing, and product insights. 

Duties and Responsibilities    

• Support the design and development of new products and enhancements to existing products. 
• Perform pricing analyses and competitor comparisons. 
• Develop, maintain, and refine pricing models and assumptions, reflecting experience, market data, and reinsurance structures. 
• Analysis of profitability, risk margins, and sustainability of in force and new business rates. 
• Prepare product and pricing inputs for governance processes, including internal actuarial and product approval forums.  
• Conduct experience investigations and data analyses to inform pricing, product design, and assumption setting. 
• Research market trends, competitor products, and emerging developments to support product innovation and competitive positioning. 
• Support research initiatives into product performance, customer behaviour, claims experience, and business mix. 
• Translate analytical findings into clear insights and recommendations for senior stakeholders.  
• Develop technical marketing material, providing actuarial and technical input into marketing and sales enablement content, including product guides, benefit explanations, pricing rationales, and competitor positioning. 
• Ensure consistency across product collateral. Compile data-driven insights and illustrations to support adviser and client understanding. 
• Produce accurate, timely MI on product performance, pricing outcomes, business mix, and profitability, including support for actual-vs-expected (AvE) analyses and monitoring of key metrics. 
• Contribute to actuarial, executive, and governance reporting with clear narrative on results, risks, and emerging issues to support effective decision-making.

Deadline:24th May,2026