Business Development Actuary Lead
1 month ago
Pension Insurance Corporation, a leading provider of secure retirement incomes, is seeking an experienced Business Development Actuary to join its Capital Insight & Actuarial department.
This role entails collaborating with Origination, Investment and Risk departments, as well as other teams within Finance, to secure buy-in and implement improvements to systems, processes, and technology. As a Business Development Actuary, you will apply knowledge and insights concerning the pricing and onboarding of new BPA deals, delivering strong business outcomes relating to capital, profitability, the Company brand, and market reputation.
Key Responsibilities- Conduct thorough analysis of Matching Adjustment eligibility of new schemes written by Origination and support deal teams in structuring deals to ensure MA compliance.
- Review and challenge new deal pricing, including pricing of new or unusual features.
- Prepare assessment of solvency implications of new deals and communicate results to senior management.
- Ensure timely sharing of information on prospective new BPA deals with other teams within PIC.
- Understand cashflow matching of the MA Fund and contribute to ongoing monitoring of PIC's MA Fund against PIC's MA Approach Document and regulatory requirements.
- Support analysis of new trades and transfers to/from the MA fund and other hedging and risk management activities.
- Support SST and other ad hoc business projects as required.
- Recently qualified actuary with the Institute and Faculty of Actuaries or similar.
- Experience working in pensions or life insurance.
- Strong organisational skills and communication skills.
- Ability to persuade and influence both directly and indirectly.
- Commercial judgement and ability to organise work to meet deadlines.
The ideal candidate will have a strong background in actuarial techniques, including modelling, analysis, and investigation. Experience with MS Excel is essential. A competitive base salary of £80,000-£100,000 per annum, plus benefits including private medical insurance, 28 days' annual leave, and a generous pension scheme, makes this an attractive opportunity for those looking to develop their career in business development.
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