At a Glance
- 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: Competitive salary up to £75,000, strong career development, and a focus on work-life balance.
- Other info: Join a dynamic team dedicated to delivering long-term security for pension scheme members.
- Why this job: Make a real impact in the pension sector while developing your actuarial skills.
- Qualifications: Strong actuarial background and experience in pricing or data analysis.
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.
Pricing Actuary employer: Morson Group
Join a leading UK provider of retirement and insurance solutions in Aylesbury, where you will thrive in a collaborative work culture that values technical expertise and innovation. With a strong focus on employee development, you will have the opportunity to mentor junior team members while engaging with senior stakeholders on impactful projects. Enjoy competitive remuneration and the satisfaction of contributing to the long-term security of pension scheme members in a dynamic and supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to current employees on LinkedIn or attend industry events. We can’t stress enough how personal connections can give you the inside scoop on the company culture and even lead to referrals.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or using online platforms. The more comfortable you are, the better you'll showcase your skills!
✨Tip Number 3
Showcase your technical skills during interviews. Bring examples of your past work, especially those related to pricing models or data analysis. We want to see how you think and solve problems in real-time!
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can keep you top of mind. We believe it shows your enthusiasm and professionalism, which can make all the difference.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your relevant experience in pricing, actuarial work, and any leadership roles you've held. 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 passionate about this role and how you can contribute to our team. Be sure to mention specific projects or experiences that relate to the key responsibilities outlined in the job description.
Showcase Your Technical Skills:Since this role involves deep technical actuarial work, make sure to showcase your technical skills clearly. Mention any experience with DB pension schemes, pricing analysis, and modelling cashflows. We love seeing candidates who can demonstrate their expertise!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you're keen on 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 technical prowess. Brush up on your actuarial principles and be ready to discuss specific examples of how you've handled pricing models or data validation in the past. This shows you’re not just familiar with the theory but can apply it practically.
✨Showcase Leadership Skills
Since this role involves mentoring junior team members and engaging with senior stakeholders, prepare to share experiences where you've led a project or guided a team. Highlight your collaborative approach and how you’ve successfully navigated complex discussions.
✨Understand the Regulatory Landscape
Familiarise yourself with Solvency II, UK GAAP, and IFRS17 frameworks. Be prepared to discuss how these regulations impact pricing strategies. Showing that you understand compliance will set you apart as a candidate who is not only technically skilled but also aware of the broader implications of your work.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s approach to pricing and how they handle data gaps or assumptions. This demonstrates your genuine interest in the role and helps you assess if the company aligns with your career goals.
