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- 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: Perfect for those who love technical, number-crunching roles without client interaction.
- Qualifications: Part-qualified Actuary or extensive relevant experience with strong Excel skills required.
- Other info: Contact Yasmin Andrews for more details or to share your profile.
The predicted salary is between 34000 - 52000 £ per year.
Location: Belfast, Reading, NE England, Scotland - hybrid 2x/week in office
Salary: £40,000-65,000 + bonus - experience dependent, 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
Insurance Pricing Actuarial Analyst employer: BWD Search & Selection
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. Having examples ready will show that you understand the importance of these aspects in the role.
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. Ensure that all information is accurate and that your documents are formatted professionally. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at BWD Search & Selection
✨Showcase Your Technical Skills
Since the role requires strong Excel skills and experience with complex data, be prepared to discuss specific examples of how you've used Excel in your previous roles. Highlight any projects where you analysed data or performed valuations.
✨Demonstrate Your Knowledge of DB Pensions
Make sure to brush up on your knowledge of defined benefit pensions and valuation processes. Be ready to explain your understanding and any relevant experience you have, as this is crucial for the role.
✨Emphasise Your Ability to Meet Deadlines
The job involves working to strict deadlines, so share examples from your past where you successfully managed your time and delivered high-quality work under pressure. This will show that you can handle the demands of the position.
✨Prepare for Technical Questions
Expect technical questions related to cash-flow provisions and GMPe projects. Review key concepts and be ready to discuss how you would approach these tasks, demonstrating both your knowledge and problem-solving skills.
