Business Development Actuary - Pension Risk Transfer / BPA in London

Business Development Actuary - Pension Risk Transfer / BPA in London

London Full-Time 36000 - 60000 £ / year (est.) No working from home possible
IGA Talent Solutions

At a Glance

  • Tasks: Drive business growth in Pension Risk Transfer by managing transactions and developing market strategies.
  • Company: Join a dynamic, rapidly growing provider within a global insurance company focused on innovative pension solutions.
  • Benefits: Enjoy competitive salary, career development opportunities, and a collaborative team environment.
  • Other info: Apply quickly as we anticipate high demand for this role!
  • Why this job: Be part of an exciting journey in a thriving market with a chance to shape industry practices.
  • Qualifications: Qualified actuary or equivalent experience, with a background in BPA/PRT or Employee Benefit Consultancy.

The predicted salary is between 36000 - 60000 £ per year.

Business Development Actuary - Pension Risk Transfer / BPA IGA Talent Solutions are partnered with a rapidly growing Bulk Purchase Annuity (BPA) / Pension Risk Transfer (PRT) provider, that is part of a much larger global insurance company. The firm has a long history of dealing in the BPA/PRT market, with a renewed focus on growing this important service line already yielding impressive results. Over the past few years, they\'ve competitively won multiple transactions, executed successfully and as a result are continuing to attract impressive industry practitioners to the burgeoning business unit. As demand for their services continues to develop, IGA have been asked to help identify a key strategic hire in the Origination / Business Development function. The purpose of the role is to help the insurer continue to capitalise on the market demand and increase the volume and size of the transactions they\'re completing. The current team is 5 people in size and has been built by attracting talent from rival, often larger, insurers, who want to be part of this exciting journey. Ideally, you\'ll have direct experience of BPA/PRT in another insurer, or the specialist broking team in an Employee Benefit Consultancy (EBC), and be a qualified actuary (or equivalent / qualified by experience). We\'re looking for people who are either a) comfortable running transactions end-to-end in their own right, or b) have been a lead support and are ready for that next step. As well as the core origination component of the role, there is the wider opportunity to be involved in the development of the proposition, shaping and influencing the go-to-market strategy. Seniority level Mid-Senior level Employment type Full-time Job function Business Development Finance Sales Industries Insurance Pension Funds Investment Management We\'re expecting a high volume of applications for this position and would encourage applicants to apply quickly to avoid disappointment. #J-18808-Ljbffr
IGA Talent Solutions

Contact Details:

IGA Talent Solutions Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Business Development Actuary - Pension Risk Transfer / BPA in London

Tip Number 1

Network with professionals in the BPA/PRT sector. Attend industry events, webinars, or conferences where you can meet potential colleagues and learn more about the latest trends and challenges in the market.

Tip Number 2

Research the company thoroughly. Understand their recent transactions, market position, and growth strategy. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.

Tip Number 3

Prepare to discuss your experience with end-to-end transaction management. Be ready to share specific examples of how you've successfully navigated similar processes in previous roles, as this will be crucial for the position.

Tip Number 4

Showcase your understanding of the go-to-market strategy. Think about how you can contribute to shaping the company's proposition and be prepared to share your ideas on how to attract new clients and grow the business.

We think you need these skills to ace Business Development Actuary - Pension Risk Transfer / BPA in London

Actuarial Expertise
Pension Risk Transfer Knowledge
Bulk Purchase Annuity Experience
Transaction Management
Business Development Skills
Market Analysis
Client Relationship Management

Some tips for your application 🫡

Tailor Your CV:Make sure your CV highlights relevant experience in Business Development, particularly in the BPA/PRT sector. Use specific examples of transactions you've managed or supported to demonstrate your capabilities.

Craft a Compelling Cover Letter:Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your background aligns with their goals and how you can contribute to their growth.

Highlight Relevant Skills:Emphasise skills that are crucial for the role, such as transaction management, strategic thinking, and market analysis. If you have experience in shaping go-to-market strategies, be sure to include that as well.

Proofread Your Application:Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.

How to prepare for a job interview at IGA Talent Solutions

Know Your Numbers

As a Business Development Actuary, you'll need to demonstrate your understanding of the BPA/PRT market. Brush up on key metrics and recent trends in the industry, as well as any relevant transactions you've been involved in. This will show your potential employer that you're not just familiar with the role but also passionate about it.

Showcase Your Transaction Experience

Be prepared to discuss specific transactions you've worked on, whether you've led them or supported them. Highlight your role in these transactions and the outcomes achieved. This will help illustrate your capability to run transactions end-to-end, which is crucial for this position.

Understand the Company’s Vision

Research the company’s goals and recent achievements in the BPA/PRT market. Understanding their strategic direction will allow you to tailor your responses and demonstrate how you can contribute to their growth. It shows that you're not just looking for a job, but are genuinely interested in being part of their journey.

Prepare Questions

Interviews are a two-way street. Prepare insightful questions about the company's approach to business development and how they plan to tackle future challenges in the market. This not only shows your interest but also helps you assess if the company aligns with your career aspirations.