At a Glance
- Tasks: Manage pension risk transfer transactions and develop bespoke actuarial solutions.
- Company: Join Standard Life, a leader in retirement savings and income.
- Benefits: Enjoy a competitive salary, 38 days leave, private medical cover, and more.
- Other info: Flexible working options and a supportive, inclusive culture.
- Why this job: Make a real impact on people's retirement journeys while developing your actuarial skills.
- Qualifications: Qualified or near-qualified Actuary with cash flow modelling experience.
The predicted salary is between 22430 - 27414 £ per year.
This role would ideally be based in our London office but we are also open to hiring in Edinburgh/Telford/Birmingham, with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and Benefits: from £65,000+ (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
We’re looking for a PRT Pricing Actuary who is a strong actuarial professional with experience in cashflow modelling, assumption setting and developing bespoke solutions for complex pension risk transfer transactions, to help us shape better retirements across the UK. In our Defined Benefits Solutions team, you’ll play a key role in managing in-force bulk annuity transactions, leading cashflow modelling and pricing activities, and delivering complex post-transaction projects. This is a great secondment opportunity, that will be hired on a 12-months basis.
Key Responsibilities:
- Working with the Pricing Managers on the ongoing management of our book of Pension Risk Transfer 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 PRTs, 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 are we looking for?
Qualifications: Be a qualified Actuary or near qualified Actuary
Experience & Knowledge (Essential):
- 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)
- 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
Skills and Personal Attributes:
- Strong problem solving, communication and analytical skills
- Ability to work quickly and accurately with a high attention to detail
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out.
PRT Pricing Actuary (12 months Secondment) in London employer: Phoenix Group
At Standard Life, we pride ourselves on being an exceptional employer, offering a supportive and flexible work environment in our London office. With a strong focus on employee well-being, we provide generous benefits including 38 days of annual leave, private medical cover, and opportunities for career growth, all while fostering a culture of trust, accountability, and collaboration. Join us to make a meaningful impact in the Pension Risk Transfer sector and enjoy a workplace that values your contributions and personal development.
