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
Phoenix Group is an excellent employer, offering a dynamic work environment in the heart of Edinburgh where you can thrive as an Investment Operations Analyst. With a strong emphasis on flexibility through a hybrid work model, employees benefit from a supportive culture that prioritises operational excellence and collaboration with diverse stakeholders. Additionally, the company provides comprehensive benefits, including a competitive salary, bonuses, and generous leave, ensuring that team members are well-rewarded for their contributions.
StudySmarter Expert Advice🤫
We think this is how you could land PRT Pricing Actuary (12 months Secondment) in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
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Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Phoenix Group.
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We think you need these skills to ace PRT Pricing Actuary (12 months Secondment) in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Phoenix Group will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Phoenix Group. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Phoenix Group confidence in your short-term commitment to the role.
How to prepare for a job interview at Phoenix Group
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Phoenix Group.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Phoenix Group that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
