Insurance Pricing Actuarial Analyst
Insurance Pricing Actuarial Analyst

Insurance Pricing Actuarial Analyst

Newtownabbey Full-Time 34000 - 52000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyse complex data and provide cash-flow provisions for clients in a technical role.
  • Company: Join a leading insurer in the bulk annuity market, offering pension actuarial services.
  • Benefits: Enjoy a hybrid work model with competitive salary and bonus opportunities.
  • Why this job: Perfect for those who love number crunching and want to grow in a technical environment.
  • Qualifications: Part-qualified Actuary or extensive relevant experience in UKDB pensions required.
  • Other info: Contact Yasmin Andrews for more details about this exciting opportunity.

The predicted salary is between 34000 - 52000 £ per year.

Location: Belfast, SW England, NE England, Scotland - hybrid 2x/week in office

Salary: £40,000-65,000 + bonus - experience dependant, multiple roles

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

More interesting information to share from the hiring manager, please get in touch for more details, or share your profile and I will reach out:

Yasmin Andrews
Life & Pensions Actuarial lead
E: yasmin.andrews@bwd-search.com
M: 07458161817
Web: https://www.linkedin.com/in/yasmin-andrews-bwd/

Sponsorship not offered for this role

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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 have experience in pensions and insurance. Engaging with industry contacts can provide valuable insights and potentially lead to referrals.

✨Tip Number 4

Prepare to discuss how you manage deadlines and ensure accuracy in your work. Having examples ready will show that you understand the importance of quality in this technical role.

We think you need these skills to ace Insurance Pricing Actuarial Analyst

Part-qualified Actuary
Strong DB Pensions Knowledge
Valuation Experience
Advanced Excel Skills
Data Analysis
Cash-flow Production
GMPe Project Experience
Attention to Detail
Ability to Meet Strict Deadlines
Initiative and Problem-Solving Skills
Technical Aptitude
Process Adherence
Analytical Skills

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 UKDB pensions. This will show that you understand the intricacies of the field and can contribute effectively.

✨Prepare for Technical Questions

Expect technical questions related to cash-flow provisions and GMPe projects. Review key principles and methodologies so you can confidently answer questions and demonstrate your expertise during the interview.

✨Emphasise Your Ability to Meet Deadlines

Given the importance of meeting strict deadlines in this role, prepare to discuss how you've successfully managed time-sensitive projects in the past. Share examples that illustrate your ability to produce high-quality work under pressure.

Insurance Pricing Actuarial Analyst
BWD Search & Selection
Location: Newtownabbey
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