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- Tasks: Lead pricing for bulk annuity transactions and mentor junior team members.
- Company: Established UK provider of retirement and insurance solutions with a collaborative culture.
- Benefits: Up to £75,000 salary, discretionary bonus, 30 days leave, and private medical insurance.
- Other info: Enjoy study support, wellbeing initiatives, and excellent career growth opportunities.
- Why this job: Join a dynamic team and make a real impact in the pensions sector.
- Qualifications: 4+ years in DB pensions and strong communication skills required.
The predicted salary is between 75000 - 75000 £ per year.
This is an opportunity to join a well-established UK provider of retirement and insurance solutions with a strong presence in the bulk annuity market. The organisation is recognised for its technical strength, collaborative working environment, and focus on delivering long-term security for pension scheme members.
As Pricing Lead, you will take a senior role within the Bulk Purchase Annuity (BPA) Pricing team, owning transactions from initial assessment through to execution. This position combines deep technical actuarial work with leadership responsibilities and stakeholder engagement at senior level.
Key Responsibilities- Lead end-to-end pricing of BPA transactions, from initial triage through to deal execution
- Review and validate Defined Benefit (DB) pension scheme data for pricing, including approaches to data gaps and assumptions
- Oversee modelling of DB pension scheme cashflows using valuation systems
- Deliver pricing analysis across Solvency II, UK GAAP, and IFRS17 reporting frameworks, including preparation of senior-level pricing reports
- Support review of individual member option quotes and lead post buy-in true-up calculations
- Contribute to the development and enhancement of pricing models, including implementing improvements and change initiatives
- Carry out experience investigations to refine and support pricing assumptions
- Mentor and support junior team members within the pricing function
- Contribute to ad hoc projects and wider team initiatives as required
- Ensure compliance with relevant regulatory conduct standards and obligations
- Essential: Strong knowledge of UK Defined Benefit pension schemes and associated liabilities
- Experience in liability modelling and cashflow projection techniques
- Familiarity with buy-ins, buy-outs, and longevity swap transactions
- Understanding of UK BPA market dynamics
- Strong communication skills with the ability to engage senior stakeholders
- Ability to work independently and take ownership of complex workstreams
- Experience & Qualifications:
- 4+ years’ experience in DB pensions, either within an Employee Benefits Consultancy or a BPA/risk transfer team within an insurer or reinsurer
- Qualified Actuary or nearly qualified with substantial relevant experience
- Experience in DB pension modelling
- Desirable:
- Experience in BPA pricing or pension scheme buy-outs within a risk transfer environment
- Familiarity with actuarial pricing tools and modelling systems
- Experience using actuarial valuation platforms such as Mantle
- Salary up to £75,000 per annum (depending on experience)
- Discretionary bonus (target 12.5%, up to 25% based on performance)
- 30 days annual leave plus bank holidays
- Life assurance (4x annual salary)
- Private medical insurance (single cover)
- Competitive pension contribution structure (up to 10% employer contribution)
- 35‑hour working week (9 am–5 pm)
- Study support for actuarial qualification where applicable
- Employee Assistance Programme and wellbeing support services
- On‑site health and wellbeing initiatives, including mental and physical health first aiders
- Employee discounts and reward platform
- Free fruit and on‑site amenities
- Annual eye tests and flu vaccination vouchers
- Free on‑site parking (subject to availability)
- One paid volunteering day per year
- Matched fundraising support
- Access to online learning and development resources
This role offers a strong combination of technical challenge, leadership responsibility, and exposure to complex transactions within a specialist pensions and insurance environment.
Pricing Actuary in Aylesbury employer: Morson Group
Contact Detail:
Morson Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary in Aylesbury
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions and insurance sector. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss UK Defined Benefit pension schemes and pricing models confidently. We recommend practising common interview questions with a friend or mentor to get comfortable.
✨Tip Number 3
Showcase your leadership skills! If you’ve mentored junior team members or led projects, make sure to highlight these experiences during interviews. We want to see how you can contribute to our collaborative environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at StudySmarter.
We think you need these skills to ace Pricing Actuary in Aylesbury
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience with Defined Benefit pension schemes and any relevant modelling techniques. We want to see how your skills match 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 passionate about this role and how your background makes you a great fit. Don’t forget to mention your leadership experience and stakeholder engagement skills.
Showcase Your Technical Skills: We’re keen on your technical prowess, so be sure to include specific examples of your work with liability modelling and cashflow projections. This will help us understand your depth of knowledge in the UK BPA market.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Morson Group
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong knowledge of UK Defined Benefit pension schemes. Brush up on key metrics and be ready to discuss how you would approach pricing transactions, including any experience with buy-ins and buy-outs.
✨Showcase Your Leadership Skills
This role involves mentoring junior team members and engaging with senior stakeholders. Prepare examples of how you've led projects or teams in the past, and think about how you can contribute to a collaborative working environment.
✨Master the Technical Details
Familiarise yourself with liability modelling and cashflow projection techniques. Be prepared to discuss specific actuarial tools and systems you've used, such as Mantle, and how they relate to the pricing analysis across different reporting frameworks.
✨Engage with the Market
Understanding the dynamics of the UK BPA market is crucial. Stay updated on recent trends and be ready to discuss how these might impact pricing strategies. Showing that you’re informed will impress your interviewers and demonstrate your commitment to the role.