At a Glance
- Tasks: Join a dynamic team to manage and price Bulk Purchase Annuity transactions.
- Company: Nationwide Building Society, a leading insurance client with vast assets.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Other info: Collaborative environment with strong focus on training and development.
- Why this job: Make a real impact in the financial services sector while developing your actuarial skills.
- Qualifications: Qualified or near qualified actuary with cash flow modelling experience.
The predicted salary is between 95000 - 115000 £ per year.
We have an incredible and unique opportunity to join our Insurance client based in London with around £290 billion of assets under administration as a BPA Pricing Actuary, pricing and managing our extensive book of BPA clients.
The role:
- Working with the Pricing Managers on the ongoing management of our book of Bulk Purchase Annuity transactions.
- Working closely with key internal and external stakeholders such as Client Services in executing data cleanses, including GMP equalisation implementation and the transition to buyout.
- Leading the production of cash flow and pricing models for BPAs, ensuring robust controls and processes are followed.
- Working with others to navigate complexities and non-standard requests, driving thinking on solutions.
- Development, coaching and training of junior members of the team.
- Leading on project management to ensure that key contractual requirements and timescales are met.
- Building, developing, documenting, running and maintaining actuarial models.
- Presenting technical content with confidence to internal and external stakeholders.
What We’re Looking For:
- Be a qualified actuary or near qualified actuary.
- Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions.
- Excellent technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations).
- Strong problem solving, communication and analytical skills, and the ability to work quickly and accurately with a high attention to detail.
- Ideally have an appreciation of financial services companies and the regulatory environment in which they operate, including Solvency II and the Matching Adjustment along with experience of bulk annuity modelling and pricing.
If this role is of interest and you'd like more info please apply with your CV or drop me a message to set up a call.
Pricing Actuary employer: Nationwide Building Society
At Nationwide, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises employee well-being and development. With flexible working options, competitive benefits including private medical insurance and a strong pension plan, and a commitment to recognising and celebrating achievements, we empower our team members to thrive both personally and professionally. Our Glasgow office fosters collaboration and innovation, making it an ideal environment for those looking to make a meaningful impact in the financial services sector.
Contact Details:
Nationwide Building Society Recruitment Team
