Pricing Actuary - individual Annuities
Not disclosed
Salary
Not disclosed by employer
£55,100
Going rate
Skilled Worker going rate
This role may qualify for a Skilled Worker visa
SOC 2433 is an eligible occupation, but we classified this role with low confidence (56% match). If the code is right — and Miryco Consultants Ltd is a licensed sponsor — it should qualify, but double-check the occupation eligibility rules against the actual role.
About the role
Miryco has an amazing opportunity for a Pricing Actuary with a specialism in Individual Annuities.
A leading UK retirement specialist is entering an exciting new phase of growth, expanding its offering into the individual annuity market.
The Pricing Actuary will be responsible for building and evolving the pricing model, developing processes and governance for model updates, designing and heling to implement the quotation infrastructure and MI that will underpin our customer proposition.
The role will combine rigorous actuarial modelling with commercial awareness, requiring close collaboration with other parts of the retail team including the distribution, operations, technology and proposition development teams.
Key Responsibilities
- Develop the individual annuity pricing model and work closely with the relevant technology teams to maintain and improve the model over time.
- Design and run the process to select a reinsurer and work closely with the chosen partner to integrate their underwriting with the company's pricing approach
- Create the necessary MI reporting on market pricing dynamics. Carry out regular competitor rate monitoring and provide pricing recommendations in response changes in relative value between pricing segments.
- Provide actuarial input to the product development process, assessing the pricing implications of new product features, benefit structures and underwriting changes.
- Contribute to regulatory and capital reporting as relevant to the individual annuities book.
Skills and Experience
- Qualified or nearly qualified actuary (IFoA Fellowship or equivalent), with experience in Individual Annuity pricing.
- Experience of longevity postcode models, mortality experience
- Strong Excel skills
- Good commercial awareness, with the ability to translate technical pricing outputs into clear business recommendations.
For similar opportunities, follow Miryco Consultants on LinkedIn: https://www.linkedin.com/company/miryco-consultants-ltd/
Please note that if you have not been contacted within ten working days of submitting your application, unfortunately your application has not been shortlisted on this occasion.
This description is the source posting as it read when we added it. We are not affiliated with Miryco Consultants Ltd, so check their own site for the current details.
Where this offer sits in the market
SOC 2433 · UK · ONS ASHE 2025 · ~40k in sampleSimilar sponsored roles
See all jobsNo close matches live right now.
Browse more sponsored jobs at Miryco Consultants Ltd →About sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Miryco Consultants Ltd holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 2433 going rate of £55,100. New-entrant and shortage discounts can lower it.