Actuary (Bpa)

Royal London Group; Alderley Edge; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Royal London is recruiting a newly qualified Actuary to join the Bulk Purchase Annuity (BPA) pricing team in Alderley Park. You will own BPA transaction pricing, analyse pension data and interpret benefits, and independently run pricing models.

You'll communicate complex results clearly, work effectively both independently and as part of a team, and develop your commercial and technical understanding in a supportive, inclusive environment. Hybrid working model offered.

Qualifications

• Newly qualified Actuary with BPA, pensions or related field.
• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills.
• Ability to work effectively independently and as part of a team.
• Experience in life, pensions or investment sectors is a plus.

Responsibilities

• Take ownership for the running of BPA transaction pricing.
• Produce analysis of pension scheme data and interpret benefits.
• Independently set up, run and troubleshoot suite of actuarial pricing models.
• Analyze more complex scheme benefits and modelling challenges, proposing approaches and escalation as needed.
• Take ownership of your development, building technical and commercial understanding.
• Look for opportunities to improve pricing processes.

Skills

Analytical skills

Communication skills

Teamwork

Independent working

Job description

Contract type: Permanent Full Time 35 hours per week
Location: Alderley Park
Working style: Hybrid 50% home/office based

We have brand new opportunities to join the Bulk Purchase Annuity (BPA) team at Royal London, the UK's largest mutual life, pensions, and investment company.

We are looking for a newly qualified Actuary to work across BPA deals, providing robust actuarial analysis and ensuring our models and pricing outputs deliver the right outcomes.

To help us manage applications effectively, we reserve the right to close this vacancy early once we have received a high number of applications or identified enough suitable candidates for the next stage of the process. We encourage you to apply as early as you can.

About the role

• Take ownership for the running of BPA transaction pricing,

• Produce analysis of pension scheme data and interpret benefits.

• Independently set up, run and troubleshoot suite of actuarial pricing models.

• Analyse more complex scheme benefits and modelling challenges, proposing approaches and clearly communicating areas requiring judgement or escalation.

• Take ownership of your development, proactively building your technical and commercial understanding.

• Look for opportunities to improve pricing processes.

About you

• Newly qualified Actuary with experience in BPA, pensions or other relevant field.

• Strong analytical and problem-solving skills.

• Excellent communication and interpersonal abilities.

• Ability to work effectively independently and as part of a team.

• Experience in the life, pensions, or investment sectors is a plus.

If you feel you’d be a great fit for Royal London but don’t meet every requirement, we’d still love to hear from you. Research shows some candidates are less likely to apply unless they meet 100% of the criteria - if you meet most requirements and are keen to learn, we encourage you to apply!

About Royal London

We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.

Inclusion, diversity and belonging

We’re an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.