PRT Team Actuarial Analyst, RS&AM

• Support the pricing and execution of Bulk Purchase Annuity and Reinsurance transactions, working closely with Pricing Actuaries and Business Development Managers.
• Contribute to the ongoing development and optimisation of pricing approaches to maintain a strong and competitive market position.
• Take responsibility for modelling pension scheme liabilities to generate benefit cash flows from individual member data and benefit schedules.
• Modelling and assessing capital requirements and producing sensitivity analyses to assist with pricing, governance and bids for new transactions.
• Build, develop, document, run and maintain actuarial models, ensuring robust controls and processes are followed (including development of bespoke financial models for strategic projects).
• Help ensure BPA transactions are priced accurately and commercially, aligned to our risk appetite, governance framework and delivery timescales.

• Be a part qualified actuary, and on the pathway to qualify
• Practical experience of actuarial cash flow modelling for pensions in payment and deferred benefits
• Strong technical knowledge of defined benefit pensions, including experience of modelling GMP benefits, franking and deferred member benefit calculations
• Excellent technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations)
• Strong problem solving and analytical skills, and the ability to work quickly and accurately with a high attention to detail
• An understanding of, or interest in developing knowledge of, the regulatory and commercial environment in which long-term savings and insurance businesses operate, including Solvency II, Matching Adjustment and BPA pricing.

Demonstrates expertise in actuarial cash flow modelling for pensions, with a strong focus on defined benefit pensions and regulatory knowledge. Capable of developing and maintaining robust actuarial models while ensuring compliance with governance frameworks and risk appetites.

• Part Qualified Actuary
• Actuarial Cash Flow Modelling
• Defined Benefit Pensions
• Sensitivity Analyses
• Regulatory Knowledge

• Cash Flow Modelling
• Pension Scheme Liability Modelling
• GMP Benefits Modelling
• Franking Calculations
• Deferred Member Benefit Calculations
• Bespoke Financial Models
• Sensitivity Analysis
• Pricing Approaches
• Governance Frameworks
• Risk Appetite Assessment

• Problem Solving
• Analytical Skills
• Attention to Detail

• Part Qualified Actuary

• Bulk Purchase Annuity
• Reinsurance Transactions
• Solvency II
• Matching Adjustment
• Long-Term Savings
• Insurance Businesses