BPA Investment Solutions Actuary (6m FTC/Secondment)

Phoenix Group; City of Westminster; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading retirement solutions provider is seeking a BPA Investment Solutions Actuary to join their Deal Team. This 6-month contract role involves pricing and structuring new BPA transactions and requires a Qualified Investment Actuary or CFA experience. You will engage with clients, support premium payments, and utilize market data for pricing updates. The position offers a competitive salary starting from £70,000 FTE and includes a hybrid working model with potential travel. Overall, this role aims to deliver impactful investment solutions for clients.

Benefits

Medical insurance

Electric vehicle scheme

38 days holiday including bank holidays

12× salary life assurance

Career breaks and income protection

3× volunteering days

Qualifications

• Qualified Investment Actuary or CFA experience required.
• Practical fixed-income analysis and modelling, including cash-flow models.
• Experience in investment roles within insurance, banking, or asset management.

Responsibilities

• Act as an expert on investment solutions for BPA clients.
• Balance outcomes with risk management for best-in-class solutions.
• Support co-ordination of premium payment and transfers.
• Engage with pension scheme clients to understand assets.
• Process business-as-usual pricing updates using market data.

Skills

Practical fixed-income analysis and modelling

Experience in investment roles

Understanding of asset classes

Knowledge of public and private markets

Relationship-building skills

Education

Qualified Investment Actuary or CFA experience

Job description

Who are we?

We are Phoenix Group, a long‑term savings and retirement business. With brands such as Standard Life, SunLife, Phoenix Life and ReAssure, we offer a range of products that reach one in five pension holders in the UK. We are a FTSE 100 organisation tackling key issues such as net zero by 2050 and delivering best‑in‑class solutions for our clients.

Benefits

• Medical insurance
• Electric vehicle scheme
• 38 days holiday including bank holidays
• 12× salary life assurance
• Career breaks and income protection
• 3× volunteering days

Job Information

Position: BPA Investment Solutions Actuary – BPA Deal Team (Retirement Solutions & Asset Management)
Type: 6‑month contract (paternity cover)
Location: London office, hybrid working with some travel to other Phoenix sites
Salary: from £70,000 FTE (subject to experience) + bonus (pro‑rated)

Role Overview

The BPA Deal team is responsible for pricing, structuring and executing all new BPA transactions. As an investment subject‑matter expert, you will work with clients and the macro team to construct price‑lock solutions, balance commercial outcomes with risk management, and deliver best‑in‑class solutions that make a meaningful impact on our proposition.

Responsibilities

• Act as an expert on investment solutions for BPA clients, working with the macro team on the construction of price‑lock solutions and updating submitted premiums to the execution date.
• Balance commercial outcomes with strong risk management to deliver best‑in‑class solutions for clients.
• Support co‑ordination of premium payment including in‑specie transfer of large books of gilts, credit, swaps and cash.
• Engage with pension scheme clients and prospects, helping them understand current assets and investigate transition options.
• Process and deliver business‑as‑usual requirements for pre‑ and post‑transaction pricing updates and roll‑forwards, using market data.

Qualifications (Essential)

• Qualified Investment Actuary or CFA experience.

Skills & Knowledge (Essential)

• Practical fixed‑income analysis and modelling, including cash‑flow models for bespoke projects.
• Experience working in an investment role within insurance, banking, consulting or asset management.
• Understanding of asset classes used by pension schemes.
• Knowledge of public and private markets and macro trends.
• Ability to build relationships with internal and external stakeholders.

Personal Attributes

• Strong problem‑solving and analytical skills, with high attention to detail.
• Excellent communication skills and experience interacting with a wide range of stakeholders.

Recruitment & Inclusion

We are committed to ensuring that everyone feels accepted and welcome as an applicant from all backgrounds. If your experience differs from what we advertised and you believe you can add value, we would love to hear from you. If you require adjustments to the recruitment process, please let us know so we can support you.