Senior Manager - Pricing and Actuarial

Competitive Salary

BGL Life

Full-time
Peterborough
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Here at BGL Life we like to be different – we’ve sold life insurance products and services unique to the market since 2012. We’ve continued to change the narrative of life insurance to be less complex and replaced it with simplicity, speed and value, to allow our customers to obtain a quote in just 60 seconds and be covered in as little as 10 minutes! Our digital, technical and data capabilities are something to be proud of, and we recognise there’s still more to be done. We’re focused on significant growth plans and are investing in several key strategic projects and initiatives over the next 12+ months. 

We’re a unique business division with a start-up feel, operating within an established financial services business that has clear goals to disrupt the markets we choose to operate in and we now have a fantastic new opportunity for a Senior Manager – Pricing and Actuarial.

The successful candidate will build, manage and develop the BGL Life Pricing and Actuarial team and drive value through improvements in our pricing capability and supporting all areas of the business in exploiting data to drive improved customer and commercial outcomes.

Key responsibilities will also include:

  • Developing and delivering Pricing strategy and technical approach, ensuring they are appropriate for BGL Life's business strategy
  • Pricing of all Life insurance business within BGL Insurance
  • Working closely with BI/MI capability to identify opportunities to drive performance across the business
  • Leading R&D in areas of statistical modelling, machine learning and data innovation to develop more powerful pricing models
  • Providing data modelling in support of the wider BGL Life strategy, in particular supporting digital marketing targeting, customer journey personalisation and improvements in customer persistency
  • Ensuring all pricing activity is conducted with the appropriate level of risk management and aligned to BGL Insurance Pricing Principles
  • Responsible for embedding BGL Insurance Pricing Principles within the Life Pricing Team and ensuring all data attributes are used in accordance with our Data Ethics principles
  • Ensuring all pricing models and price changes are built competently, with appropriate governance
  • Devising and operating controls that ensure all pricing activity conforms to BGL Insurance Pricing Principles
  • Delivery of system changes to operationalise and monetise pricing and data innovation, including Pricing engine and data variables

Experience and competencies

Must haves:

  • An expert in the monetisation of data whilst ensuring its integrity and ethical use
  • A sustained record of delivering pricing and data innovation
  • The ability to communicate complex concepts effectively to senior stakeholders
  • An expert in statistical modelling, machine learning, feature engineering
  • Detailed knowledge of modelling software (R, Python)
  • Strong Leadership skills

Preferred skills/experience:

  • Proven ability to lead organisational change
  • Broad understanding of business, supported by ability to drop down into subject matter areas to fill knowledge gaps
  • A deep and broad understanding of actuarial science

This role has a significant and direct impact on BGL Insurance Business Results through delivering pricing models which deliver fair customer outcomes and maximise long term shareholder value.

Why Choose Us?

BGL Insurance is a leading digital distributor of insurance to more than three million customers, BGL Insurance provides a range of motor, home and life insurance products in partnership with several of the best-known brands in UK financial services and through own brands Budget Insurance, Dial Direct and Beagle Street, all supported by state-of-the-art, award winning, contact centres and market leading digital platforms.

With almost 2,000 colleagues across three sites in Peterborough, Sunderland and Wakefield, BGL Insurance uses its passion, scale and expertise for the benefit of its customers, offering unrivalled value, ease and confidence.

Diversity and Inclusion

We're a diverse community of dedicated, innovative and talented professionals. Inclusive by instinct, we encourage our people to create and share ideas – supporting their growth and celebrating their uniqueness. We're proud to be an equal opportunity employer and stand firmly against discrimination of any kind. 

Flexible, hybrid working

BGL Insurance has a hybrid approach to working. For most colleagues, this means being in the office two or three days a week and the rest of the time working from wherever’s best for them and their team.

 

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