Bulk Annuity Project Lead
1 week ago
We look after the retirement, investment and protection needs of individuals, families and companies in the United Kingdom.
As part of our parent company Great-West Lifeco, we have a long history dating back to 1903.
Job OverviewEstimated Salary: £90,000 - £120,000 per annum.
Job Description:Company Overview
We help build better futures for our customers, intermediaries and employees by operating as a modern, agile and welcoming organisation.
We're transforming to create a more customer-focused business, providing expertise on financial and tax planning, home finance and annuities propositions, and collective fund solutions to third-party customers.
Job PurposeTo lead bulk annuity strategic projects and ensure appropriate actuarial controls and monitoring of pricing are in place. Working with colleagues across the company, including LifeCo companies and embedding new processes for CLFIS Limited.
Main Responsibilities- Lead a team of qualified actuaries and trainees responsible for developing and pricing bulk annuities under strategic projects.
- Communicate and influence Senior Executives on the impact, pricing and otherwise, of bulk annuity quotations under strategic projects.
- Develop, gain approval and execute pricing & reinsurance arrangements for bulk annuity strategic projects to widen market opportunity, improve competitiveness, capital efficiency and profitability of bulk annuities.
- Review and produce actuarial reports, including pricing reports, and statements.
- Provide support to strategic project programmes as required, including external negotiations, and contribution to the bulk annuity strategy.
Previous experience managing a team and resource planning is essential. Knowledge of UK Bulk Annuity markets and reinsurance structures is required.
Able to apply actuarial techniques to business problems, with influencing skills to manage stakeholders and strong communication skills to explain complex technical concepts.
Understanding and ability to implement/maintain an actuarial control framework and qualified actuary status is necessary.
Benefits and RewardsWe offer a competitive salary and benefits package that's regularly reviewed, including a generous pension scheme, bonus scheme, income protection, private medical insurance and life assurance.
Flexible working arrangements, including part-time options, are available for all roles.
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