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- Tasks: Lead pricing for bulk purchase annuities and collaborate across teams.
- Company: Join a top-tier Life Insurance division known for innovation.
- Benefits: Enjoy competitive salary, growth opportunities, and a dynamic work environment.
- Why this job: Be part of a growing team making a real impact in the insurance sector.
- Qualifications: Actuarial background with experience in pricing and UK pensions is essential.
- Other info: This role offers a chance to develop cutting-edge pricing models.
The predicted salary is between 77000 - 110000 £ per year.
Our client is seeking an exceptional Associate Pricing Director to join a leading team within a well-established Life Insurance division. The team is focused on designing and delivering bulk purchase annuities (BPAs) and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and strong growth opportunities, they are looking to expand the team with a skilled professional.
Key Responsibilities:
- Lead end-to-end pricing for BPAs and other de-risking solutions.
- Collaborate with various teams across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects.
- Support senior stakeholders with technical analysis, business strategy, and ad hoc queries.
- Play a key role in developing new and enhanced pricing models and technology solutions within the CRS pricing infrastructure.
- Manage commercial outsourcing arrangements and support the development of novel pricing strategies, including reinsurance solutions and new product lines.
Key Knowledge, Skills & Experience:
- A commercially-minded Actuary with strong technical skills.
- Experience in bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management.
- Knowledge of UK DB pensions is valuable.
- Understanding of Solvency II and UK life insurance regulations, particularly around balance sheet construction, liability discounting, asset strategy, and ALM.
- Experience developing, structuring, and pricing institutional insurance products is advantageous.
- Familiarity with non-standard capital and reinsurance structures is a plus.
- Ambitious, self-motivated, and able to prioritise workloads effectively to meet strict deadlines.
- Excellent communication and presentation skills.
This is an exciting opportunity to play a key role in a growing team within an innovative and dynamic environment. If you’re a driven actuarial professional looking for your next challenge, apply today.
Associate Director | BPA Pricing | London, UK employer: Eames Consulting
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Director | BPA Pricing | London, UK
✨Tip Number 1
Network with professionals in the life insurance and actuarial fields. Attend industry events, webinars, or local meetups to connect with people who work in BPA pricing or related areas. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Stay updated on the latest trends and regulations in UK DB pensions and Solvency II. Follow relevant publications, blogs, and forums to ensure you have a solid understanding of the current landscape, which will be beneficial during interviews.
✨Tip Number 3
Prepare to discuss your experience with pricing models and technology solutions. Be ready to share specific examples of how you've developed or enhanced pricing strategies in previous roles, as this will demonstrate your capability for the Associate Director position.
✨Tip Number 4
Practice your communication and presentation skills. Since the role involves collaborating with various teams and supporting senior stakeholders, being able to convey complex information clearly and effectively will set you apart from other candidates.
We think you need these skills to ace Associate Director | BPA Pricing | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in bulk purchase annuities, pricing strategies, and actuarial skills. Use specific examples that demonstrate your expertise in the key areas mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Address how your background aligns with the responsibilities of leading end-to-end pricing and collaborating with various teams. Be sure to mention any experience with UK DB pensions and Solvency II regulations.
Highlight Key Skills: In your application, emphasise your strong technical skills and experience in developing pricing models. Mention your ability to manage commercial outsourcing arrangements and your familiarity with non-standard capital structures, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail and professionalism, which is essential for a senior role like this one.
How to prepare for a job interview at Eames Consulting
✨Showcase Your Technical Expertise
As an Associate Director in BPA Pricing, it's crucial to demonstrate your strong technical skills. Be prepared to discuss your experience with bulk annuity pricing and any relevant projects you've worked on. Highlight your understanding of Solvency II regulations and how they impact pricing strategies.
✨Emphasise Collaboration Skills
This role requires collaboration with various teams and stakeholders. During the interview, share examples of how you've successfully worked with cross-functional teams in the past. Discuss how you integrated different workstreams into pricing projects and the outcomes of those collaborations.
✨Prepare for Technical Analysis Questions
Expect questions that assess your ability to conduct technical analysis and support business strategy. Brush up on your analytical skills and be ready to explain your thought process when tackling complex pricing scenarios or ad hoc queries from senior stakeholders.
✨Demonstrate Ambition and Self-Motivation
The ideal candidate is ambitious and self-motivated. Convey your drive and passion for the actuarial field during the interview. Share instances where you've taken the initiative to develop new pricing models or strategies, showcasing your proactive approach to problem-solving.
