PRT Pricing Actuarial Analyst; Post Transaction), RS&AM

PRT Pricing Actuarial Analyst (Post Transaction), RS&AM

• London, England, United Kingdom
• Edinburgh, Scotland, United Kingdom
• Telford, England, United Kingdom
• Birmingham, England, United Kingdom

• London, England, United Kingdom
• Edinburgh, Scotland, United Kingdom
• Telford, England, United Kingdom
• Birmingham, England, United Kingdom

Job Type: Permanent

Location and flexible working:This role would ideally be based in our London office but we are also open to hiring in Edinburgh/Telford/Birmingham, with some flexibility to work between the office and home.

We will discuss what is important to you and balancing this with business requirements during the recruitment process.

You can read more about flexible working here.

Salary and Benefits:£45,000 - £60,000 (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

If you're a part-qualified actuary looking to apply your technical expertise within one of the UK's leading Bulk Purchase Annuity businesses, this is an opportunity to play a key role in securing better retirements for thousands of pension scheme members.

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

Role Context & Team

There has never been a more exciting time to begin the next stage of your actuarial career at Standard Life. Backed by our recently announced PRT partnership and £2bn capital commitment, we're investing in the future of our Pension Risk Transfer business and creating opportunities for talented actuaries to develop within a fast-growing, market-leading team. As a PRT Pricing Actuarial Analyst, you'll work on real transactions from day one, gaining exposure to complex pricing exercises, cashflow modelling, BPA schemes and reinsurance arrangements that many actuaries don't encounter until much later in their careers.

Supported by experienced mentors, technical specialists and a great study package, you'll be given the opportunity to develop your expertise, build your professional network and play a meaningful role in delivering solutions that help secure better retirements for thousands of pension scheme members.

The role

Working with the Pricing Managers on the ongoing management of our book of Bulk Purchase Annuity transactions

Working closely with key internal and external stakeholders such as Client Services in executing data cleanses, including GMP equalisation implementation and the transition to buyout

Leading the production of cash flow and pricing models for BPAs, ensuring robust controls and processes are followed

Working with others to navigate complexities and non-standard requests, driving thinking on solutions

Development, coaching and training of junior members of the team

Leading on project management to ensure that key contractual requirements and timescales are met

Building, developing, documenting, running and maintaining actuarial models

Presenting technical content with confidence to internal and external stakeholders

What We’re Looking For

Qualifications:Be a nearly qualified Actuary

Experience & Knowledge (Essential):

• Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions
• Strong technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations)
• Ideally have an…