Actuary – Pensions, Business Development

Responsibilities

• Provide actuarial input into the analysis and assessment of BPA product features
• Assist in the development of pricing, valuation, and modelling assumptions for BPA liabilities
• Support the creation of financial models and scenario analyses to inform senior decision-making
• Contribute to risk assessments and ensure alignment with regulatory, capital, and governance frameworks
• Prepare clear and concise documentation, presentations, and recommendations for stakeholders
• Maintain awareness of market trends in DB pensions, de-risking, longevity, and insurance-based solutions
• Collaborate with BAU and Finance teams to ensure smooth transition of new processes into ongoing operations
• Drive improvements to actuarial controls, data quality, and process efficiency
• Opportunities to support across our wider product suite outside of bulk annuities

• Experience in DB pensions, such as scheme valuations, funding advice, risk transfer, bulk annuities
• Understanding of life insurance valuation or an interest in transitioning into insurance-based actuarial work
• Strong communication skills, with the ability to convey complex concepts to non-technical audiences
• Ability to apply actuarial judgement to commercial, strategic, and uncertain environments
• Experience working within strong governance frameworks and managing actuarial risk
• Ability to prioritise effectively, work independently, and manage competing deadlines
• Strong analytical skills and familiarity with actuarial modelling tools/software
• Knowledge of Solvency II, IFRS 17, or insurance reporting (desirable but not essential)
• Fellow of the Institute and Faculty of Actuaries or close to qualification