What is the opportunity?
This is an exciting role where you will have the opportunity to help to shape the future direction of Pricing within this key area, making a positive impact for our customers, our business and society as a whole.
In this role, you will:
Define and implement pricing strategies consistent with the overall business strategy, while being responsive to competitive pressures and distribution dynamics.
Align pricing strategies with proposition and business strategy, understanding customer needs, market trends, regulatory requirements, and competitive pressures.
Within daily pricing decisions, balance commercial ambitions related to market share and profitability to deliver on the company's growth, risk, and customer value objectives.
Understand product profitability and drive cross-functional initiatives to enhance the profitability of products.
Lead a team of actuaries and pricing professionals to develop and refine pricing models that balance customer affordability, commercial returns, and capital requirements, while fostering a positive, collaborative, and inclusive environment.
Collaborate with proposition owners, sales teams, finance, and risk colleagues to deliver integrated business outcomes.
Develop reporting from the Pricing Committee to other governance forums, including the Board and senior management, setting out clear and transparent KPIs.
Positively contribute to the broader leadership and management of New Ireland and Wealth & Insurance, role modelling the organisation's values and fostering a culture of high performance.
What will make you stand out?
Hardworking leader with experience in life assurance, with at extensive experience in a pricing leadership or senior actuarial role.
Deep understanding of life insurance products and their features.
Strong commercial acumen 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 stakeholder engagement skills.
Strong decision making ability in complex environments.
Essential Qualifications
There are no specific qualifications or minimum educational requirements needed for this role
More about the team
New Ireland Assurance is responsible for the administration of all New Ireland Assurance and Bank of Ireland Life's Individual and Group business.
Our focus is on delivering superior service and ensuring that the highest quality and control standards are maintained at all times.
This is a hybrid role, based primarily in our Ballsbridge office.
We typically ask colleagues to spend a minimum of 8 days per month working in-person to support collaboration and connection.
Specific arrangements will be confirmed by your recruiter to ensure they meet the needs of the role and team.
Why work with us?
The Bank of Ireland company culture prioritises work-life balance with a commitment to hybrid working, along with 25 days annual leave and excellent pension contributions.
Family can mean different things to different people; we offer 6 months paid maternity leave, an innovative fertility and surrogacy policy along with working parent and carer supports.
Your health and wellbeing is important to us; we offer a substantial health insurance contribution, employee assistance program, WebDoctor and financial wellbeing coaches available.
We also encourage and support staff to pursue educational and professional qualifications to grow and enhance your career!
Key Competencies
Customer Focused - Leader
Manage Risk - Leader
Take Ownership - Leader
Be Decisive - Leader
Better together - Leader
We're on a continuous journey to build an inclusive and diverse workplace.
We welcome applications from people of all backgrounds, lived experience, abilities and perspectives.
We provide reasonable accommodations at every stage of our recruitment process for disabilities, neurodivergence or medical conditions.
If you require an accommodation please complete this form and one of our recruitment team members will be in touch via email.
Any information provided will be treated as confidential within the recruitment team and used only for the purpose of determining and providing appropriate accommodations for the application and recruitment process.
#J-*****-Ljbffr