Deal Pricing Actuary, Savings and Retirement – 29383
Deal Pricing Actuary, Savings and Retirement – 29383

Deal Pricing Actuary, Savings and Retirement – 29383

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Own and enhance pricing tools while producing accurate pricing quotes.
  • Company: Dynamic company focused on savings and retirement solutions.
  • Benefits: Competitive salary, flexible working options, and professional development opportunities.
  • Why this job: Make a real impact in pricing strategies and process improvements.
  • Qualifications: Recently qualified actuary with strong technical skills in modelling.
  • Other info: Join a collaborative team with excellent career growth potential.

The predicted salary is between 36000 - 60000 £ per year.

Overview

Key Duties (Including but not limited to):

  • Take ownership of the existing pricing tools (Tyche models and Excel models).
  • Responsible for the process of producing pricing quotes and making any upgrades and changes to the tools as required.
  • Identify inefficiencies in pricing processes & controls and implement improvements to address these as part of the Company’s drive for process enhancements.
  • Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing.
  • Obtain and interpret required investment data from Bloomberg and from investment teams.
  • Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.

Qualifications Required:

  • Ideally, recently qualified actuary and a member of the IFoA or SOA.

Experience Required:

  • Strong technical skills necessary to build and run actuarial models, including pricing tools.
  • Prior experience in Pricing is not necessarily required, but broad understanding of modelling mortality and/or market risks will be an advantage.
  • Experience of transactions and/or pricing work is beneficial but not essential.
  • Strong experience of Excel and actuarial modelling software (Tyche or similar).

Deal Pricing Actuary, Savings and Retirement – 29383 employer: The Emerald Group Ltd, Search and Selection

As a Deal Pricing Actuary at our company, you will thrive in a dynamic and supportive work environment that prioritises innovation and continuous improvement. We offer comprehensive benefits, a strong focus on employee development, and opportunities to engage with cutting-edge pricing tools, all while being part of a collaborative team dedicated to enhancing our savings and retirement products. Located in a vibrant area, our workplace fosters a culture of inclusivity and professional growth, making it an excellent choice for those seeking meaningful and rewarding employment.
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Contact Detail:

The Emerald Group Ltd, Search and Selection Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Deal Pricing Actuary, Savings and Retirement – 29383

Tip Number 1

Network like a pro! Reach out to your connections in the actuarial field, especially those who work in pricing or have experience with Tyche models. A friendly chat can lead to insider info about job openings or even a referral.

Tip Number 2

Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss how macroeconomic factors impact pricing and share examples of how you've tackled inefficiencies in past roles. We want to see that you can take ownership of pricing tools!

Tip Number 3

Showcase your Excel prowess! Be ready to demonstrate your skills during interviews, as strong technical abilities are key for this role. Maybe even bring along a mini project or example of a model you've built to impress the interviewers.

Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.

We think you need these skills to ace Deal Pricing Actuary, Savings and Retirement – 29383

Ownership of Pricing Tools
Excel Proficiency
Actuarial Modelling
Tyche Models
Process Improvement
Macroeconomic Assumptions Understanding
Investment Data Interpretation
Capital Requirements Analysis
Reinsurance Structures Knowledge
Experience with Pricing Processes
Mortality and Market Risks Modelling
Communication Skills
Attention to Detail
Problem-Solving Skills

Some tips for your application 🫡

Show Off Your Skills: Make sure to highlight your technical skills in your application. We want to see your experience with actuarial models and pricing tools, so don’t hold back on showcasing what you’ve got!

Tailor Your Application: Take a moment to customise your application for the Deal Pricing Actuary role. Mention how your background aligns with the key duties listed in the job description, especially around pricing processes and macroeconomic assumptions.

Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate straightforward communication, so avoid jargon and make sure your key points stand out.

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!

How to prepare for a job interview at The Emerald Group Ltd, Search and Selection

Master the Pricing Tools

Make sure you’re familiar with Tyche models and Excel tools. Brush up on how these tools work and be ready to discuss any upgrades or changes you've implemented in past roles. Showing that you can take ownership of these tools will impress the interviewers.

Understand Macroeconomic Impacts

Get a solid grasp of how macroeconomic factors like interest rates and credit spreads affect pricing. Be prepared to discuss examples of how you've navigated these influences in your previous work, as this shows your analytical skills and industry knowledge.

Showcase Your Technical Skills

Highlight your technical abilities, especially in building and running actuarial models. If you have experience with pricing, even if it’s not extensive, share specific instances where you’ve modelled risks or improved processes. This will demonstrate your capability and readiness for the role.

Familiarise Yourself with Regulatory Frameworks

Brush up on the capital requirements under different reinsurance structures and regulatory regimes like Bermuda Monetary Authority and NAIC RBC. Being able to discuss these frameworks will show that you understand the broader context of the role and are prepared to tackle the challenges ahead.

Deal Pricing Actuary, Savings and Retirement – 29383
The Emerald Group Ltd, Search and Selection
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