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- Tasks: Join our BPA Pricing team to analyse pension data and support junior members.
- Company: A leading firm in the pensions sector, dedicated to innovative solutions.
- Benefits: Enjoy a permanent role with opportunities for professional growth and mentorship.
- Why this job: Make an impact in the pensions industry while developing your actuarial skills.
- Qualifications: Newly qualified or nearly qualified Actuary with 3-4 years in DB pensions.
- Other info: Located in beautiful Buckinghamshire, this role offers a collaborative environment.
The predicted salary is between 48000 - 72000 £ per year.
Key member of the Bulk Purchase Annuity (BPA) Pricing team undertaking a variety of different tasks.
Location: Buckinghamshire
Type: Permanent
Key Duties (Including but not limited to):
- Checking the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing, including methods and assumptions for addressing data gaps.
- Checking the modelling of DB pension scheme cashflows using valuation systems.
- Supporting and mentoring junior members of the team.
- Conducting experience investigations for factors affecting pricing assumptions.
Qualifications:
- Newly qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped.
- 3 or 4 years of experience working in DB pensions at an Employee Benefit Consultancy (EBC) or in the BPA team at an insurer/reinsurer.
- Experience of DB pension modelling.
- Knowledge of UK Defined Benefit Pensions and reinsurance structures.
- Understanding of actuarial concepts related to annuity pricing and valuation.
Pricing Lead – 28596 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Lead – 28596
✨Tip Number 1
Make sure to brush up on your knowledge of UK Defined Benefit Pensions and reinsurance structures. Being able to discuss these topics confidently during your interview will show that you have a solid understanding of the industry.
✨Tip Number 2
Familiarise yourself with the specific valuation systems used in DB pension modelling. If you can demonstrate your experience with these systems, it will set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your mentoring experiences. As a Pricing Lead, you'll be supporting junior team members, so showcasing your leadership skills and how you've helped others grow will be beneficial.
✨Tip Number 4
Consider conducting mock interviews with peers or mentors who have experience in the actuarial field. This will help you refine your answers and boost your confidence before the real thing.
We think you need these skills to ace Pricing Lead – 28596
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Defined Benefit pensions and any relevant actuarial qualifications. Emphasise your specific skills related to pricing, modelling, and mentoring, as these are key for the Pricing Lead role.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Pricing Lead position and how your background aligns with the key duties mentioned in the job description. Mention your experience with DB pension schemes and your understanding of actuarial concepts.
Showcase Relevant Experience: When detailing your work experience, focus on your roles in Employee Benefit Consultancies or similar environments. Highlight specific projects where you checked data preparation, conducted experience investigations, or supported junior team members.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in this field.
How to prepare for a job interview at The Emerald Group
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of Defined Benefit pensions and the specific modelling techniques used in pricing. Be prepared to discuss your experience with valuation systems and how you've applied actuarial concepts in previous roles.
✨Demonstrate Leadership Skills
As a Pricing Lead, you'll be expected to support and mentor junior team members. Share examples from your past where you've taken on a leadership role or helped others develop their skills, highlighting your ability to guide and inspire.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, especially related to data gaps and pricing assumptions. Think of specific scenarios you've encountered in your previous roles and how you addressed them effectively.
✨Research the Company and Team
Familiarise yourself with the company's approach to Bulk Purchase Annuities and their overall market position. Understanding their values and recent developments will help you tailor your responses and show genuine interest in the role.
