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- Tasks: Review calculations and develop internal models for deferred member options.
- Company: Established UK insurance provider with a strong track record in the BPA market.
- Benefits: Competitive salary up to £80,000 plus bonus, hybrid working model.
- Other info: Opportunity for career growth in a dynamic and supportive environment.
- Why this job: Transition from consultancy to insurance and make a real impact in a high-stakes role.
- Qualifications: Must be a newly qualified Actuary with UK DB pension experience.
The predicted salary is between 48000 - 64000 £ per year.
This is an opportunity to transition from a consultancy to an Insurance Provider. My client is an established provider in the UK BPA market who has recently reinforced their position, building on over a decade of experience and a strong track record of delivery. They are looking for a newly qualified Actuary with exposure to the BPA market to join their team and take ownership of deferred member options.
This is a technical, high-impact role where you will be the point of reference for complex calculations and internal model development.
The role:
- Review deferred member option calculations
- Maintain and develop internal model
- Respond to internal and external technical queries with existing schemes and their advisors
- Support business development and proposition teams to continually improve the offering
- Work across the business and with third-party admins to drive forward new processes and ensure efficient systems are in place
The Individual:
- FIA/FFA, must be a Qualified Actuary
- Strong knowledge of Defined Benefit pension schemes and the UK regulatory environment
- An understanding of the BPA market
Sponsorship not offered. Please apply or contact me directly for full details on the client, incentive, and package.
Actuary | Move from Pensions to Insurance | 80k employer: BWD Search & Selection
Contact Detail:
BWD Search & Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary | Move from Pensions to Insurance | 80k
✨Tip Number 1
Network like a pro! Reach out to fellow actuaries and industry professionals on LinkedIn. Join relevant groups and engage in discussions to get your name out there. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research the company and its position in the BPA market. Brush up on your technical knowledge and be ready to discuss how your experience with DB pension schemes can add value to their team.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each application to show you’re genuinely interested.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Actuary | Move from Pensions to Insurance | 80k
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in DB pensions and any relevant BPA market knowledge. We want to see how your skills align with the role, so don’t be shy about showcasing your qualifications!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re making the move from consultancy to insurance and how your background makes you the perfect fit for this role. Keep it engaging and personal!
Showcase Your Technical Skills: Since this role involves complex calculations and internal model development, make sure to highlight any technical skills or projects you've worked on. We love seeing how you’ve tackled challenges in the past!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and get you one step closer to joining our team!
How to prepare for a job interview at BWD Search & Selection
✨Know Your Numbers
As an actuary, you'll be dealing with complex calculations, so brush up on your technical skills. Be prepared to discuss specific examples of your work with deferred member options and how you've tackled challenges in the past.
✨Understand the BPA Market
Make sure you have a solid grasp of the Bulk Purchase Annuity (BPA) market. Research recent trends and developments, and be ready to share your insights during the interview. This shows your genuine interest and helps you stand out.
✨Showcase Your Communication Skills
You'll need to respond to technical queries from both internal teams and external advisors. Practice explaining complex actuarial concepts in simple terms, as this will demonstrate your ability to communicate effectively across different audiences.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the company's approach to internal model development and how they support business development. This not only shows your enthusiasm but also helps you assess if the company is the right fit for you.