Description of business unit

The Pricing Team in New Ireland is responsible for the pricing of both group and individual products.

Key functions of the team include:

- Pricing of Individual Products (Investments, Savings, Pensions, Protection)

- Pricing of Group Schemes (annuities, Group Risk, Pensions)

- Providing analysis and papers for Pricing Committee

- Providing regular pricing to our Distribution Partners

- Working collectively with Product Owners to deliver successful product propositions to market

Purpose of the Role

The purpose of this role is to join an actuarial team. Our team ensures that our products are accurate, detailed and are aligned to the company's strategic objectives. This role will cover both individual retail products and corporate products.

Key Accountabilities

Product Pricing

- Technical pricing lead providing expertise and specialist knowledge to assist the Product Owners and lead regular reviews

- Carry out and present findings of profit testing quantification for different product designs proposed by Product Owners

Market Knowledge

- Identify gaps and market opportunities to support achieving the companies targets for each product line

- Make recommendations and provide insight based on analysis and investigations so that products are adequately priced and risks appropriately ran

Stakeholder Engagement:

- Work with distribution colleagues to develop client relationships and pricing propositions

Company Strategy:

- Give to and drive the development of the company's market pricing proposition and strategies for pricing

- Support in product-related strategy planning with a view to maintaining driven edge

Governance and Reporting:

- Work with Finance on the pricing models which can be used for developing new and existing products

- Feed into regular reviews of pricing basis and presentation of changes to pricing committee