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Head of Mortality / Morbidity

Date: 03-Jun-2021

Location: Macclesfield, GB

Company: Royal London Group


Job title                                Head of Mortality/Morbidity

Location                               United Kingdom  

Contract type                       Permanent

Closing date                         24th June 2021



At Royal London we want to attract the best talent to help us achieve our vision of becoming the most trusted and recommended financial company in the UK. We are the largest mutual life, pensions and Investment Company in the UK. 


Our culture is welcoming, friendly, flexible and we aim to make you always feel included. We welcome applications from individuals who have taken an extended career break or those who are transitioning from different sectors. To support this we are always open to discussing flexible working arrangements, part-time opportunities and job shares to give you the freedom to be your best. It’s what makes Royal London a great place to work.


For more than 150 years, people have been at the heart of all that is great about Royal London. We know that this is a difficult and uncertain time for everyone and are doing everything we can to support our customers, our people and candidates.


Maintaining the Spirit of Royal London is of paramount importance to us as we face new and different ways of working. That is why we are embracing technology throughout our recruitment process to support interactions. As you embark on your journey with us we will engage with you via email, telephone and video to ensure we all remain safe. We are committed to wellbeing and at this challenging time, it remains our priority. 


The purpose of the role is to develop Royal London’s strategy to generate value from mortality and morbidity risk.


As a recognised mortality / morbidity expert provide advice on Royal London’s mortality / morbidity basis.


Key responsibilities

  • Develop a strategy based on a market leading understanding of mortality / morbidity risk, including pricing for the risk.
  • Identify further opportunities to generate value from Mortality / Morbidity Risk
  • Ensure that the mortality / morbidity strategy is appropriately reflected in the risk appetite
  • Seen as the expert on mortality / morbidity within Royal London and use this expertise to advice the business on its approach to retaining the risk.
  • Ensure the mortality / morbidity strategy is embedded within the business
  • Support re-insurance team and business units in the development of any propositions with related mortality / morbidity risk
  • Design and support the implementation of modelling capability required to understand the risk implications of mortality / morbidity risk and the capital implications of this risk.


Essential Criteria

  • A fellow of the Faculty and Institute of Actuaries
  • Experienced, with in-depth knowledge regarding re-insurance pricing for the risk.
  • Largely works autonomously from their people leader
  • Proven track record for delivering projects.
  • Wide external network, enabling Royal London to leverage from insights into emerging market practice.
  • Good communication skills and ability to engage with senior stakeholders, as well as the wider business.
  • Ability to generate innovate / industry leading ideas that add significant value to the business.
  • Commercially minded.
  • Ability to deliver a range of deliverables in parallel, including major projects
  • Ability to engage with the wider business, in a professional manner.
  • Ability to provide robust challenge in a constructive manner but combined with ability to work effectively with those being challenged in order to solve problems.


Desirable Criteria

  • Preference is for an individual who has worked for a re-insurer pricing Protection business.


What we offer

  • We've always been proud to reward employees by offering a number of benefits such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing 
  • Our culture comes from within, or to put it another way, it comes from our people. It’s what makes Royal London a great place to work.
  • Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
  • Glassdoor have again ranked as among the best places to work in the UK.


We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.


In fact, the first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.