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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: Dive into a technical role that values accuracy and offers growth in a dynamic environment.
- Qualifications: Part-qualified Actuary or experienced professional with strong DB pensions knowledge and Excel skills.
- Other info: This role is not client-facing and focuses on detailed, analytical work.
The predicted salary is between 32000 - 52000 £ per year.
Location: Belfast, Reading, 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
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 have experience 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 relevant experience in UKDB pensions and actuarial work. Emphasise your strong Excel skills and any specific projects you've worked on that relate to cash-flow production or GMPe.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Insurance Pricing Actuarial Analyst role. Mention your experience with complex data analysis and how you meet the qualifications outlined in the job description.
Showcase Technical Skills: Since the role is technical and involves a lot of number crunching, be sure to include examples of your analytical skills and any relevant software or tools you are proficient in, particularly Excel.
Highlight Initiative and Structure: Discuss instances where you've successfully followed structured processes while also applying your initiative. This will demonstrate your ability to balance both aspects, which is crucial for this role.
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 DB pensions.
✨Demonstrate Your Knowledge of Pensions
Since the role requires a solid understanding of DB pensions and valuation experience, brush up on relevant concepts and be ready to discuss them. Mention any specific projects you've worked on that relate to GMPe or cash-flow production.
✨Emphasise Your Ability to Meet Deadlines
The job involves strict deadlines, so it's crucial to convey your ability to work efficiently under pressure. Share examples from your past where you successfully met tight deadlines while maintaining high-quality work.
✨Balance Structure with Initiative
The role requires following processes but also applying your initiative. Prepare to discuss how you've navigated similar situations in the past, demonstrating your ability to follow structured guidelines while also thinking critically and creatively when needed.
