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- Tasks: Join a dynamic team to drive business growth in Pension Risk Transfer and Bulk Purchase Annuities.
- Company: Be part of a rapidly growing global insurance company with a strong history in the market.
- Benefits: Enjoy competitive perks, potential remote work options, and a collaborative team environment.
- Why this job: This role offers a chance to shape market strategies and make a real impact in the industry.
- Qualifications: Qualified actuary or equivalent experience, with a background in BPA/PRT preferred.
- Other info: Apply quickly as we expect a high volume of applications for this exciting opportunity.
The predicted salary is between 43200 - 72000 £ per year.
IGA Talent Solutions are partnered with a rapidly growing Bulk Purchase Annuity (BPA) / Pension Risk Transfer (PRT) provider, that is part of a much larger global insurance company. The firm has a long history of dealing in the BPA/PRT market, with a renewed focus on growing this important service line already yielding impressive results. Over the past few years, they have competitively won multiple transactions, executed successfully and as a result are continuing to attract impressive industry practitioners to the burgeoning business unit.
As demand for their services continues to develop, IGA have been asked to help identify a key strategic hire in the Origination / Business Development function. The purpose of the role is to help the insurer continue to capitalise on the market demand and increase the volume and size of the transactions they are completing.
The current team is 5 people in size and has been built by attracting talent from rival, often larger, insurers, who want to be part of this exciting journey. Ideally, you will have direct experience of BPA/PRT in another insurer, or the specialist broking team in an Employee Benefit Consultancy (EBC), and be a qualified actuary (or equivalent / qualified by experience). We are looking for people who are either:
- comfortable running transactions end-to-end in their own right, or
- have been a lead support and are ready for that next step.
As well as the core origination component of the role, there is the wider opportunity to be involved in the development of the proposition, shaping and influencing the go-to-market strategy.
We are expecting a high volume of applications for this position and would encourage applicants to apply quickly to avoid disappointment.
Business Development Actuary - Pension Risk Transfer / BPA employer: IGA Talent Solutions
Contact Detail:
IGA Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Actuary - Pension Risk Transfer / BPA
✨Tip Number 1
Network with professionals in the BPA/PRT sector. Attend industry events, webinars, or conferences where you can meet potential colleagues and learn more about the company culture. This can give you insights that will help you stand out during interviews.
✨Tip Number 2
Research the latest trends and developments in the Pension Risk Transfer market. Being knowledgeable about current events and challenges in the industry will allow you to engage in meaningful conversations and demonstrate your passion for the role.
✨Tip Number 3
Prepare to discuss your previous experience with transactions in detail. Be ready to share specific examples of how you've successfully managed similar projects, as this will show your capability to handle the responsibilities of the role.
✨Tip Number 4
Familiarise yourself with the company's recent achievements and strategic goals. Understanding their vision will help you articulate how your skills and experiences align with their objectives, making you a more attractive candidate.
We think you need these skills to ace Business Development Actuary - Pension Risk Transfer / BPA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Business Development, particularly in the BPA/PRT sector. Use specific examples to demonstrate your achievements and how they align with the role's requirements.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your background as a qualified actuary or your experience in a similar role makes you a perfect fit.
Highlight Key Skills: Emphasise skills that are crucial for the position, such as transaction management, strategic thinking, and market analysis. Provide concrete examples of how you've successfully applied these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at IGA Talent Solutions
✨Know Your Numbers
As a Business Development Actuary, you'll need to demonstrate your understanding of the BPA/PRT market. Brush up on key metrics and recent trends in the industry, as well as any relevant transactions you've been involved in.
✨Showcase Your Transaction Experience
Be prepared to discuss specific transactions you've managed or supported. Highlight your role in these processes and how you contributed to their success, especially if you have experience running transactions end-to-end.
✨Understand the Company's Vision
Research the company’s goals and recent achievements in the BPA/PRT space. This will help you align your answers with their strategic direction and show that you're genuinely interested in being part of their journey.
✨Prepare Questions for Them
Interviews are a two-way street. Prepare insightful questions about the team dynamics, the company's growth plans, and how they envision the role evolving. This shows your enthusiasm and helps you assess if it's the right fit for you.
