Actuarial Analyst - Retirement Solutions

TN United Kingdom; London; On-site; GBP 40,000 - 65,000; Full time

Job summary

Join a leading company in the UK’s long-term savings and retirement sector as a BPA Pricing Analyst. This role involves supporting pricing actuaries, managing pension transactions, and developing actuarial models. Ideal for part-qualified actuaries with a passion for technical work in pensions. Enjoy flexible working arrangements and a competitive salary package.

Benefits

Private medical cover

38 days annual leave

Excellent pension scheme

12x salary life assurance

Income protection

3 volunteering days

Qualifications

• Experience in DB pension consultancies or pension risk transfer market.
• Interest in DB Liability Modelling.
• Practical experience in actuarial cash flow modelling for pensions.

Responsibilities

• Support Pricing Actuaries in pricing and managing BPA transactions.
• Model pension scheme liabilities to generate benefit cash flows.
• Develop and maintain actuarial models with robust controls.

Skills

Problem Solving

Analytical Skills

Attention to Detail

Education

Part-qualified actuary

Tools

Pension Liability Modelling

Job description

Location and flexible working: London, working from our centrally located office three days per week, Tuesday to Thursday. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

Flexible working: All roles are open to part-time, job-share, and other flexible arrangements. We will discuss your preferences and how they can align with business needs during the recruitment process. Learn more about our approach to flexible working.

Job Type: Permanent

Closing Date: 26th May 2025

Salary and benefits: Between £40,000 and £65,000 depending on experience, plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension scheme, 12x salary life assurance, income protection, 3 volunteering days, and more.

We have a unique opportunity to join Standard Life’s award-winning Defined Benefit Solutions team as a BPA Pricing Analyst, supporting the pricing and management of our extensive book of BPA clients.

Who are we?

We aim to be the best place that any of our 6,600 colleagues have ever worked. We’re the UK’s largest long-term savings and retirement business, offering a range of products across our market-leading brands, including Standard Life, SunLife, Phoenix Life, and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation committed to sustainability and innovation.

Candidate requirements:

• Experience working in DB pension consultancies or the pension risk transfer market.
• Interest or experience in DB Liability Modelling.
• Enjoyment of technical work in pension risk transfer transactions.

The role:

• Support Pricing Actuaries and Managers in pricing and managing BPA transactions.
• Assist Client Services with onboarding, data cleansing, GMP equalisation, and transition processes.
• Model pension scheme liabilities to generate benefit cash flows.
• Assess capital requirements and perform sensitivity analyses for pricing and governance.
• Develop and maintain actuarial models with robust controls.

What we’re looking for:

• Part-qualified actuary aiming for full qualification, supported by Phoenix Group.
• Practical experience in actuarial cash flow modelling for pensions.
• Strong technical knowledge of defined benefit pensions and associated calculations.
• Excellent problem-solving, analytical skills, and attention to detail.
• Understanding of financial services regulations, including Solvency II and the Matching Adjustment, and experience in bulk annuity modelling.

We are committed to diversity and welcome applicants from all backgrounds. If you need adjustments during the recruitment process, please let us know.