Actuarial Pricing Specialist
4 weeks ago
Job Purpose:
We are seeking a qualified actuary to join our bulk annuity pricing team. As an Actuarial Pricing Specialist, you will be responsible for providing pricing recommendations and working with the wider team to achieve annual new business targets.
Key Responsibilities:
- Provide quotations and pricing recommendations for bulk annuity buy-ins and buy-outs
- Liaise with investment front office to identify suitable assets to support bulk annuity transactions
- Work with reinsurance actuaries to ensure reinsurance is appropriately incorporated within quotations
- Review legal agreements and contribute to contract negotiations with external stakeholders
- Support business development and relationship management
- Contribute to the development of our pricing bases and pricing models that adhere to our risk tolerances and are scalable for future growth
- Manage stakeholders and ensure compliance with risk governance
- Stay up-to-date with industry issues and developments to ensure our business processes and strategies are in line with the industry
Requirements:
- Strong knowledge of UK Defined Benefit pensions
- Familiarity with bulk annuity market and products
- Understanding of capital modelling and profit testing
- Experience of managing stakeholders
- Strong communication skills (able to communicate technical issues to senior people including non-actuaries)
- Understanding and ability to implement/maintain an actuarial control framework
- Qualified actuary
Benefits:
We offer a competitive salary and benefits package that's regularly reviewed. As a colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance.
About Us:
We care about doing the right thing for our people, customers and community and helping others to build better futures. Our culture is unique and incredibly important to us. We believe in recognising and rewarding our people, so we offer a range of training, flexible working and opportunities to grow and develop.
Our Commitment:
We are committed to building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic.
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