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This is a senior leadership opportunity to shaping the strategic direction of Pricing within New Ireland's Wealth and Insurance business. You'll lead pricing strategy and influence key commercial decisions. Your role involves working closely with senior collaborators to deliver customer value, profitable growth, and long-term sustainability while developing a high-performing pricing team.
Job Responsibility:
Define, align and implement pricing strategies consistent with the proposition, overall business strategy, regulatory requirements and customer needs
Ensure pricing decisions consider capital, liquidity, IFRS17 / Solvency II impacts and that financial reporting requirements are respected
Within daily pricing decisions, balance commercial ambitions related to market share and profitability with the company's growth, risk, and customer value objectives
Understand product profitability and drive cross-functional initiatives to improve the profitability of products
Oversee pricing assumptions and challenge as needed
Ensuring robust pricing governance, model controls and documentation and develop reporting suitable for Board and senior management
Driving innovation in pricing techniques, analytics and tools and monitoring competitor activity and emerging market trends
Lead a team of actuaries and pricing professionals to develop and refine pricing models that balance customer affordability, commercial returns, and capital requirements, while encouraging a positive, collaborative, and inclusive environment
Requirements:
Hardworking and proven leader with experience in life assurance
Minimum of 5 years experience in a pricing leadership or senior actuarial role
Deep understanding of life insurance products and their features
Strong commercial competence and understanding of market dynamics
Proven experience in leading pricing initiatives and analysis of profitability and risk
Knowledge of Solvency II and IFRS 17 impacts of pricing decisions
Strong grasp of assumption setting, mortality / lapse experience analysis and embedded value techniques
Effective communicator, capable of simplifying actuarial concepts to allow effective decision making
Strong people leadership skills with an ability to motivate a team
Strong collaborator engagement skills
Strong decision making ability in complex environments
An experienced actuary with extensive pricing experience in a senior leadership role and a strong background in life assurance