What is the opportunity?

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.

In this role, you will:

• 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.

What will make you stand out?

• Hardworking and proven leader with experience in life assurance, with a 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.

Essential Qualifications

An experienced actuary with extensive pricing experience in a senior leadership role and a strong background in life assurance.

More about the Team

Established in 1918, New Ireland Assurance is the first wholly Irish owned life assurance company to transact business in Ireland. It is one of the largest life assurance companies in the Irish market with over 600,000 policyholders and €25 billion in assets under management. New Ireland is key to the Bank of Ireland growth strategy, as well as having undergone significant transformation in recent years. Bank of Ireland Group, through New Ireland sells a broad range of protection, investment and pension products to individual and corporate customers in the Republic of Ireland. Its liabilities are predominantly unit linked and it has a multi-channel distribution strategy, selling products through the Bank's branch network, the independent broker market and a tied agent channel (financial advisors).

You will join a high performing team of professionals and report directly to the New Ireland Head of Investments, Product and Pricing. As a key member of the leadership team, you will play a pivotal role in crafting and driving the future success of the company.

This is a hybrid role, based primarily in 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

#li-hybrid #ij-hybrid

Why work with us?

The Bank of Ireland company culture prioritises work-life balance with a dedication 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 improve your career!