At a Glance
- Tasks: Lead projects in pension risk transfer and improve internal valuation systems.
- Company: Join a market-leading BPA provider in the pension insurance sector.
- Benefits: Autonomy in your role, competitive salary, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on efficiency and innovation.
- Why this job: Make a real impact in a crucial team with high-performance standards.
- Qualifications: Qualified pensions actuary with strong stakeholder skills and project leadership experience.
The predicted salary is between 48000 - 72000 £ per year.
Location: London
Overview
Miryco Consultants are working with a market-leading BPA provider in the pension insurance market to hire a senior actuary into their in-force management team, focusing on pension risk transfer deals post-transaction. This team is a crucial part of the deal lifecycle and enables the continued high performance of the PRT function. Team members have a great deal of autonomy, with responsibility for their own project portfolio. The role will be perfect for technical actuaries with commercial awareness and the capacity to work independently.
Responsibilities
- Work closely with the New Business Pricing and Transitions functions to ensure the accurate transferral of liabilities, leading the conversation around In Force policies.
- Help lead the longevity swap data cleansing process, making updated data files and amending fixed cashflows to reflect adjusted data.
- Work with the scheme transition and pension scheme advisors to action issues or queries relating to scheme transfer.
- Improve the internal valuation system, and associated data feed.
- Due diligence on new business transactions.
Qualifications
- Qualified Pensions actuary with experience within a top consultancy or relevant firm.
- Strong understanding of GMP equalisation, Longevity Swap or risk transfer.
- Excellent stakeholder skills and ability to lead/drive projects.
- A tenacity to get stuff done and find ways to make themselves/the team more efficient.
In-Force Management Actuary employer: Miryco Consultants Ltd
Contact Detail:
Miryco Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land In-Force Management Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the pension insurance market and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge and commercial awareness. Be ready to discuss your experience with GMP equalisation and longevity swaps, as these are hot topics in the industry right now.
✨Tip Number 3
Showcase your project management skills! When you get the chance to speak with potential employers, highlight how you've led projects or improved processes in your previous roles. They want to see that you can drive efficiency in their team.
✨Tip Number 4
Don't forget to apply through our website! We’ve got loads of resources to help you land that perfect role, and applying directly can sometimes give you an edge over other candidates.
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the In-Force Management Actuary role. Highlight your experience with pension risk transfer deals and any relevant projects you've led. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your technical expertise and commercial awareness, and don’t forget to show us your passion for the pension insurance market.
Showcase Your Stakeholder Skills: In this role, you'll need excellent stakeholder skills. Make sure to include examples in your application that demonstrate how you've successfully led projects and communicated effectively with various stakeholders in the past.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Don’t miss out!
How to prepare for a job interview at Miryco Consultants Ltd
✨Know Your Numbers
As an In-Force Management Actuary, you'll need to demonstrate your technical prowess. Brush up on key actuarial concepts like GMP equalisation and longevity swaps. Be ready to discuss how you've applied these in past roles, as this will show your depth of knowledge and experience.
✨Showcase Your Project Management Skills
This role requires a lot of autonomy and project management. Prepare examples of projects you've led or contributed to, especially those involving pension risk transfer deals. Highlight your ability to drive projects forward and how you’ve improved efficiency in previous roles.
✨Engage with Stakeholders
Strong stakeholder skills are crucial for this position. Think of instances where you've successfully communicated complex actuarial concepts to non-technical stakeholders. Practice articulating these experiences clearly, as it will demonstrate your ability to lead conversations effectively.
✨Ask Insightful Questions
Interviews are a two-way street. Prepare thoughtful questions about the company's approach to in-force management and their expectations for the role. This not only shows your interest but also your understanding of the industry and the specific challenges they face.