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- Tasks: Lead pricing for bulk purchase annuity deals and present to senior management.
- Company: Join a dynamic life insurance company focused on pension risk transfer in the UK.
- Benefits: Enjoy a collaborative culture with opportunities for professional development and diverse assignments.
- Why this job: Be part of a forward-thinking team that values innovation and integrity in the insurance sector.
- Qualifications: Qualified actuary with 5-10 years’ experience in UK BPA deal pricing required.
- Other info: Located in London, this role offers exposure to various business areas within Brookfield.
The predicted salary is between 72000 - 108000 £ per year.
Location: London - One Canada Square, Level 26
Business: Wealth Solutions
BAC UK is a life insurance company focused on the pension risk transfer market, selling buy-out and buy-in bulk purchase policies to UK defined benefit pension plans. The company was authorized by the PRA on 10 March 2025 and is regulated by the FCA and PRA under FRN 1014484. BAC UK launched on 25 March 2025. BAC UK is wholly owned by Brookfield Wealth Solutions (BWS). BWS specializes in insurance and reinsurance solutions, providing annuity-based reinsurance products and acting as a direct issuer of pension risk transfer products through its subsidiaries.
Brookfield fosters a dynamic culture emphasizing long-term focus, entrepreneurial spirit, collaboration, and discipline. The company is dedicated to employee development through challenging assignments and exposure to diverse business areas.
The role involves:
- Pricing new BPA deals, reviewing benefit specifications and scheme data, and recommending pricing assumptions.
- Identifying non-standard pricing features and proposing appropriate methodologies.
- Preparing RFQ responses and structuring bespoke solutions for schemes.
- Creating pricing packs and presenting deals to Senior Management for approval.
- Engaging with the risk function to support deal approval processes.
Required Skills and Experience:
- Qualified actuary with 5-10 years’ PQE.
- Experience in pricing UK BPA deals.
- Knowledge of UK pensions and bulk annuities within the insurance sector.
- Strong analytical, critical thinking, and attention to detail skills.
- Ability to multitask, prioritize, and work under pressure.
- High professional standards, integrity, and relationship management skills.
- Teamwork and excellent communication skills.
Brookfield promotes a positive, diverse, and respectful work environment. Only shortlisted candidates will be contacted.
Director, Pricing Actuary employer: Brookfield Asset Management
Contact Detail:
Brookfield Asset Management Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Pricing Actuary
✨Tip Number 1
Familiarise yourself with the specific pricing methodologies used in UK bulk purchase annuity (BPA) deals. Understanding the nuances of these methodologies will not only help you in interviews but also demonstrate your expertise in the field.
✨Tip Number 2
Network with professionals in the insurance and pensions sector, particularly those involved in BPA pricing. Attend industry events or webinars to connect with potential colleagues and gain insights into current trends and challenges in the market.
✨Tip Number 3
Prepare to discuss real-world examples of how you've successfully structured pricing solutions in previous roles. Being able to articulate your experience with specific cases will showcase your problem-solving skills and ability to handle complex pricing scenarios.
✨Tip Number 4
Research Brookfield Wealth Solutions' culture and values thoroughly. Tailoring your conversations during interviews to reflect their emphasis on collaboration and long-term focus can set you apart as a candidate who aligns well with their organisational ethos.
We think you need these skills to ace Director, Pricing Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in pricing UK BPA deals and your qualifications as an actuary. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with Brookfield's culture of collaboration and long-term focus, and provide examples of your teamwork and communication skills.
Highlight Relevant Experience: When detailing your work history, focus on roles where you have engaged in pricing and deal structuring. Discuss any non-standard pricing features you have identified and methodologies you have proposed.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, as high professional standards are crucial for this position.
How to prepare for a job interview at Brookfield Asset Management
✨Understand the Company and Its Culture
Before your interview, take some time to research Brookfield Wealth Solutions and its subsidiaries. Familiarise yourself with their focus on long-term goals and collaboration. This will help you align your answers with their values and demonstrate that you're a good cultural fit.
✨Showcase Your Pricing Experience
Be prepared to discuss your experience in pricing UK BPA deals in detail. Highlight specific examples where you've successfully structured bespoke solutions or identified non-standard pricing features. This will show your expertise and how you can contribute to the team.
✨Demonstrate Analytical Skills
Since the role requires strong analytical and critical thinking skills, be ready to solve a case study or answer technical questions during the interview. Practice explaining your thought process clearly, as this will showcase your ability to handle complex pricing assumptions.
✨Prepare Questions for the Interviewers
Having insightful questions ready shows your genuine interest in the role and the company. Ask about the team's current projects, challenges they face in pricing, or how they foster employee development. This not only helps you gauge if the company is right for you but also leaves a positive impression.
