Bpa Senior Pricing Actuary

Royal London Group; City of Edinburgh; Hybrid; GBP 80,000 - 110,000; Full time

Benefits offered by this job

28 days annual leave

Employer pension matching up to 14%

Private medical insurance

Job summary

Royal London invites a Senior Pricing Actuary to join the Bulk Purchase Annuity (BPA) pricing team. The role focuses on pricing BPAs, reviewing model outputs, and guiding junior actuaries within a collaborative, governance‑driven environment.

The successful candidate will have BPA pricing experience and strong analytical, communication, and teamwork skills, with a proactive mindset to drive pricing excellence in a leading mutual life company.

Qualifications

• Qualified actuary with BPA pricing or related field.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Ability to work independently and as part of a team.
• Proactive and innovative approach to work.

Responsibilities

• Lead actuarial projects related to pricing BPAs.
• Provide independent review of outputs including pricing model results.
• Analyse and interpret data to support pricing decisions.
• Collaborate with cross-functional teams to align with business objectives.
• Monitor market trends and adjust pricing proposals accordingly.
• Provide technical expertise and coaching to junior team members.
• Ensure compliance with regulatory and governance requirements.
• Contribute to continuous improvement of pricing processes.
• Take ownership of personal development and commercial understanding within Royal London.

Education

Actuary qualification

Job description

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

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

As a Senior Pricing Actuary in the BPA pricing team, you will work closely with BPA pricing leads and actuarial trainees and be responsible for ensuring bulk annuity transactions are priced appropriately.

The ideal candidate will have experience of pensions or the bulk annuity market, from a consultancy, insurer or beyond. The role will suit a candidate with a strong technical base who would relish the opportunity to develop within a bulk annuity provider.

About the role

• Lead actuarial projects related to pricing BPAs.
• Provide an independent review of outputs including pricing model results.
• Analyse and interpret data to support pricing decisions.
• Collaborate with cross-functional teams to ensure alignment with business objectives.
• Monitor market trends and adjust pricing proposals accordingly.
• Provide technical expertise and coaching to junior team members.
• Ensure compliance with regulatory and internal governance requirements.
• Contribute to the continuous improvement of pricing processes.
• Take ownership of your development, proactively building your commercial understanding and that of the wider Royal London group.

About you

• Qualified actuary with experience in BPA pricing or another relevant field.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Ability to work independently and as part of a team.
• A proactive and innovative approach to work.

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.