Associate Director | BPA Pricing

Eames Consulting; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a talented Associate Pricing Director to join a dynamic Life Insurance division. This role offers the chance to lead pricing initiatives for bulk purchase annuities and innovative de-risking products, while collaborating with cross-functional teams. The ideal candidate will possess strong actuarial skills, experience in life insurance pricing, and a solid understanding of UK DB pensions and regulations. If you're ambitious and ready to make an impact in a growing team, this is the perfect opportunity for you to advance your career in a supportive environment.

Qualifications

• Experience in bulk annuity pricing and life insurance balance sheet management.
• Strong understanding of Solvency II and UK life insurance regulations.

Responsibilities

• Lead end-to-end pricing for BPAs and de-risking solutions.
• Collaborate with teams to integrate various workstreams into pricing projects.

Skills

Actuarial Skills

Technical Analysis

Communication Skills

Presentation Skills

Project Management

Education

Actuarial Qualification

Tools

Pricing Models

CRS Pricing Infrastructure

Job description

Pricing Director

Our client is seeking an exceptional Associate Pricing Director to join a leading team within a well-established Life Insurance division. The team is focused on designing and delivering bulk purchase annuities (BPAs) and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and strong growth opportunities, they are looking to expand the team with a skilled professional.

Key Responsibilities:

1. Lead end-to-end pricing for BPAs and other de-risking solutions.
2. Collaborate with various teams across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects.
3. Support senior stakeholders with technical analysis, business strategy, and ad hoc queries.
4. Play a key role in developing new and enhanced pricing models and technology solutions within the CRS pricing infrastructure.
5. Manage commercial outsourcing arrangements and support the development of novel pricing strategies, including reinsurance solutions and new product lines.

Key Knowledge, Skills & Experience:

1. A commercially-minded Actuary with strong technical skills.
2. Experience in bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management.
3. Knowledge of UK DB pensions is valuable.
4. Understanding of Solvency II and UK life insurance regulations, particularly around balance sheet construction, liability discounting, asset strategy, and ALM.
5. Experience developing, structuring, and pricing institutional insurance products is advantageous.
6. Familiarity with non-standard capital and reinsurance structures is a plus.
7. Ambitious, self-motivated, and able to prioritise workloads effectively to meet strict deadlines.
8. Excellent communication and presentation skills.

This is an exciting opportunity to play a key role in a growing team within an innovative and dynamic environment. If you're a driven actuarial professional looking for your next challenge, apply today.