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For Companies At a Glance
- Tasks: Join our team to analyse and manage Bulk Purchase Annuity pricing and transactions.
- Company: Phoenix Group is a leading long-term savings and retirement business in the UK.
- Benefits: Enjoy flexible working, competitive salary, generous holiday, and excellent pension schemes.
- Why this job: Be part of a dynamic team making a real impact in the financial sector.
- Qualifications: Part-qualified actuary with experience in cash flow modelling and defined benefit pensions.
- Other info: We value diversity and welcome applicants from all backgrounds.
The predicted salary is between 45000 - 65000 £ per year.
Job Description
Job Type: Permanent
Location and flexible working: This role will ideally be based in our London office, but we are open to considering candidates in Edinburgh and the Midlands. There will be some flexibility to work between the office (minimum 3 days per week) and home. We recognise the benefits of flexible working and will discuss what is important to you, balancing this with business requirements during the recruitment process.
You can read more about Phoenix Flex here.
Salary and benefits: £45,000 and £65,000 (subject to experience) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
We have an incredible and unique opportunity for a BPA Pricing Analyst to join Standard Life’s award-winning Defined Benefit Solutions team, pricing and managing our extensive book of BPA clients.
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.
The Role
This is a unique opportunity to join a team at the forefront of Bulk Purchase Annuity (BPA) growth, where you\’ll collaborate with Pricing Actuaries and Managers to shape and manage a diverse portfolio of transactions.
You\’ll work closely with internal and external stakeholders such as Client Services to deliver robust data cleanses, implement GMP equalisation, and support the transition to buyout. From producing cash flow and pricing models to navigating complex, you\’ll play a key role in ensuring processes are followed, navigating complexities and identifying smart, tailored solutions.
You\’ll also support post-transaction pricing projects, ensuring contractual requirements and timescales are met with precision. You’ll be involved in building, maintaining, and enhancing actuarial models, and present technical insights with confidence.
This role offers a rich blend of analytical challenge, stakeholder engagement, and strategic impact.
Qualifications
What We’re Looking For
Be a part-qualified actuary making strong exam progress
Experience, Skills And Knowledge
- Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions
- Strong 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
Personal Attributes
- Excellent analytical and problem-solving skills, with holistic thinking
- Agility and vision to adapt processes in a transformation and change environment
- Self-starter and independent worker with strong sense of ownership, capable of delivering, driving and shaping results and to meet deadlines under pressure
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.
Find out more about
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues:
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BPA Analyst, Post Transaction Pricing - RS&AM employer: Phoenix
Contact Detail:
Phoenix Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BPA Analyst, Post Transaction Pricing - RS&AM
✨Tip Number 1
Familiarise yourself with the specific actuarial methodologies mentioned in the job description, such as GMP equalisation and cash flow modelling. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in bulk purchase annuities or defined benefit pensions. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Prepare to discuss your problem-solving skills and provide examples of how you've navigated complex situations in previous roles. This is crucial for demonstrating your fit for a position that requires analytical thinking and stakeholder engagement.
✨Tip Number 4
Research Phoenix Group and its commitment to sustainability and transformation. Being knowledgeable about the company's goals and values will help you align your answers during interviews and show that you're genuinely interested in contributing to their mission.
We think you need these skills to ace BPA Analyst, Post Transaction Pricing - RS&AM
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the BPA Analyst role. Emphasise your part-qualified actuary status, cash flow modelling experience, and any specific knowledge of defined benefit pensions.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the regulatory environment and how your analytical skills can contribute to the team’s success.
Highlight Relevant Projects: In your application, include specific examples of past projects where you applied actuarial methodologies or worked on bulk annuity modelling. This will demonstrate your practical experience and problem-solving abilities.
Showcase Soft Skills: Don’t forget to mention your communication skills and ability to work under pressure. The role requires stakeholder engagement, so illustrating your teamwork and adaptability will strengthen your application.
How to prepare for a job interview at Phoenix
✨Understand the Role
Make sure you have a solid grasp of what a BPA Analyst does, especially in relation to post-transaction pricing. Familiarise yourself with key terms like GMP equalisation and cash flow modelling, as these will likely come up during your interview.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with actuarial methodologies and cash flow modelling. Highlight any specific projects where you've developed bespoke models or tackled complex calculations, as this will demonstrate your technical proficiency.
✨Engage with Stakeholders
Since the role involves collaboration with various stakeholders, think of examples where you've successfully communicated complex information to non-technical audiences. This will show your ability to engage effectively with different teams.
✨Demonstrate Problem-Solving Abilities
Prepare to discuss scenarios where you've faced challenges and how you approached solving them. Emphasise your analytical skills and your ability to adapt processes in a changing environment, as these are crucial for the role.
