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For Companies At a Glance
- Tasks: Analyse complex data and provide cash-flow provisions for pension actuarial services.
- Company: Join a leading insurer in the bulk annuity market, expanding its Insurance Pricing team.
- Benefits: Enjoy a hybrid work model, competitive salary, and potential bonuses.
- Why this job: Dive into a technical role that values accuracy and offers growth in pensions consulting.
- Qualifications: Part-qualified Actuary or experienced professional with strong DB pensions knowledge and Excel skills.
- Other info: This role is not client-facing and focuses on detailed, analytical work.
The predicted salary is between 32000 - 52000 £ per year.
This is an interesting opportunity to move into the area between traditional pension consulting and life insurance. This Insurance Pricing team provides pension actuarial services to a leading insurer in the bulk annuity market. Due to an increased workload, the team is expanding its resources by bringing on a number of experienced technical analysts.
The role:
- Provide cash-flow provisions to the client
- Analyse complex data, predominately Excel-based work
- Perform pensions valuations
- Meet strict deadlines set by the client, imperative that the quality and accuracy of the work produced is faultless
- Likely to step into a "doer" role given the complexity of the work, and move into a checker role once the process is learned
- Not client-facing, technical and complex work
The individual:
- Part-qualified Actuary - can be working towards exams, or be an exam-stopper. Also open to those with no exams, but extensive relevant experience
- 18 months to 5/6 years of experience directly with UKDB pensions, likely at an EBC
- Strong DB pensions knowledge and direct valuation experience is essential
- Strong Excel skills are essential, as is experience with complex data
- Experience with GMPe projects, cash-flow production, and working to strict deadlines is highly desirable
- Must be able to follow structure, and also apply their initiative (i.e. 80% of work is completed following process, 20% requires you to use initiative and apply your knowledge)
- Well-suited to someone who enjoys a technical, "number crunching" role as opposed to client-facing, and likes to utilise Excel
Sponsorship not offered for this role
Contact Detail:
BWD Search & Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Pricing Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the specific requirements of the role, especially around DB pensions and cash-flow production. This will help you speak confidently about your relevant experience during any discussions.
✨Tip Number 2
Brush up on your Excel skills, particularly in handling complex data sets. Being able to demonstrate your proficiency in Excel can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the actuarial field, especially those who work in pensions. Engaging with industry contacts can provide insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss how you manage deadlines and ensure accuracy in your work. Providing examples of past experiences where you've successfully navigated tight timelines will showcase your reliability.
We think you need these skills to ace Insurance Pricing Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with UKDB pensions and any relevant actuarial qualifications. Emphasise your strong Excel skills and any specific projects you've worked on that relate to cash-flow production or GMPe.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Insurance Pricing Actuarial Analyst role. Mention your technical skills and how they align with the job requirements, particularly your ability to analyse complex data and meet strict deadlines.
Showcase Relevant Experience: When detailing your work experience, focus on roles where you performed pensions valuations or worked with complex data. Use specific examples to demonstrate your problem-solving skills and initiative in previous positions.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. Ensure that all information is accurate and that your documents are formatted professionally to make a great first impression.
How to prepare for a job interview at BWD Search & Selection
✨Showcase Your Technical Skills
Make sure to highlight your strong Excel skills and any experience you have with complex data analysis. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in relation to pensions valuations.
✨Demonstrate Your Knowledge of DB Pensions
Since the role requires strong defined benefit (DB) pensions knowledge, brush up on relevant concepts and be ready to discuss your experience with DB pensions and valuation processes. This will show that you understand the technical aspects of the job.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to meet strict deadlines and follow structured processes. Think of scenarios where you successfully managed tight timelines or had to apply your initiative to solve complex problems.
✨Express Your Passion for Technical Roles
This position is not client-facing, so convey your enthusiasm for a technical, number-crunching role. Share why you enjoy working behind the scenes and how you thrive in environments that require analytical thinking and attention to detail.
