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- Tasks: Analyse and model pricing processes for bulk annuities, ensuring effective operations.
- Company: A trusted financial firm with a strong heritage in securing futures.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Why this job: Join a dynamic team during an exciting growth phase in the insurance market.
- Qualifications: Experience in pensions or insurance, with knowledge of annuity pricing.
- Other info: Opportunity to work in a progressive environment with a focus on innovation.
The predicted salary is between 36000 - 60000 £ per year.
Our client has a proud heritage in helping people secure their financial futures. They are continuing to build on that foundation and are growing their thriving bulk annuity business, partnering with pension schemes to protect members’ retirement benefits. This is a fantastic opportunity to join them in an exciting period of exponential growth and be part of a trusted business, where your work makes a real difference and you can accelerate your career.
This position reports to the Deputy Head of Pricing and plays an integral role in the Bulk Purchase Annuity team. Working independently, you will undertake a variety of different tasks to enable the department to meet its objectives, including:
- Support and oversight for pricing activity, working collaboratively with the Pricing, BPA Transition and wider Actuarial teams.
- Perform analysis, modelling, testing and documentation of strategic BPA pricing processes, in conjunction with the Pricing team and other departments as appropriate.
- Provide oversight of others’ work and feedback to contribute to the effective operation of the BPA department.
- Support the team in ensuring that new pricing opportunities are set up to produce cashflows.
- Support the BPA team in ensuring that successful bids are migrated appropriately onto the Life Insurance Company systems and that any true-up or variation is appropriately priced.
- Support the development and maintenance of pricing bases and pricing models for BPA that adhere to our risk tolerances and are scalable for future growth.
- Preparation and analysis of policyholder data for pricing, including methods and assumptions for addressing gaps in data.
- Experience investigations for factors affecting pricing assumptions.
- Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.
- Ad hoc tasks as required.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
Core competencies
- Knowledge of UK Defined Benefit Pensions and reinsurance structures.
- Understanding of actuarial concepts related to annuity pricing and valuation.
Experience and qualifications
- Experience of working within pensions or similar role with an insurer.
- Experience of annuity modelling and pricing.
If you think these skills align well with your own and you are keen to join a progressive company involved in one of the most robust and mature insurance markets globally, please apply today.
Senior BPA Pricing Analyst employer: The Actuary Group
Contact Detail:
The Actuary Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior BPA Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in bulk annuities or pricing. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK Defined Benefit Pensions and reinsurance structures. We want you to feel confident discussing actuarial concepts related to annuity pricing and valuation.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss your experience with annuity modelling and pricing during interviews. We love seeing how you’ve tackled challenges in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for passionate candidates who want to make a difference.
We think you need these skills to ace Senior BPA Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your knowledge of UK Defined Benefit Pensions and any relevant actuarial concepts to show us you’re a great fit for the Senior BPA Pricing Analyst role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re excited about this opportunity. Share specific examples of your experience with annuity modelling and pricing, and how you can contribute to our growing bulk annuity business.
Showcase Your Analytical Skills: Since the role involves analysis and modelling, make sure to include any relevant projects or tasks where you’ve successfully performed these activities. We want to see how you approach problem-solving and data interpretation!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at The Actuary Group
✨Know Your Numbers
As a Senior BPA Pricing Analyst, you'll be dealing with complex data and pricing models. Brush up on your numerical skills and be ready to discuss specific examples of how you've used data analysis in previous roles. This will show your potential employer that you can handle the technical aspects of the job.
✨Understand the Industry
Make sure you have a solid grasp of UK Defined Benefit Pensions and reinsurance structures. Familiarise yourself with current trends in the bulk annuity market. Being able to discuss these topics confidently will demonstrate your genuine interest in the role and the company.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical problems related to pricing and modelling. Practice articulating your thought process clearly and logically. This will help the interviewers see how you approach challenges and make decisions under pressure.
✨Showcase Your Collaborative Spirit
This role involves working closely with various teams, so be prepared to discuss your experience in collaborative environments. Share examples of how you've successfully worked with others to achieve common goals, especially in pricing or actuarial contexts. This will highlight your ability to fit into their team dynamic.
