Lead BPA Pricing & Modelling Specialist

The Actuary Group; England; On-site; GBP 70,000 - 110,000; Full time

Job summary

The Actuary Group is hiring into its Bulk Purchase Annuity pricing team in the United Kingdom. The role reports to the Head of Pricing and involves leading BPA pricing initiatives, validating DB data and modelling, and delivering pricing analyses for senior management.

You will collaborate with pension schemes and internal stakeholders to ensure accurate, compliant results across Solvency II, UK GAAP and IFRS17 frameworks.

Qualifications

• Over 4 years of DB pensions experience in an EBC or BPA team.
• Qualified actuary or nearly qualified with ongoing exams.
• Experience of DB pension modelling.

Responsibilities

• Lead the pricing of BPA transactions from triage through deal execution.
• Check DB data and modelling assumptions for pricing.
• Model DB pension cashflows using valuation systems.
• Prepare pricing reports including Solvency II, UK GAAP and IFRS17.
• Support in reviewing member option quotes and post buy-in true ups.
• Lead changes to pricing models and implement recommendations.
• Perform experience investigations for pricing assumptions.
• Mentor junior team members and provide guidance.
• Handle ad hoc tasks and comply with conduct standards.

Skills

DB pensions knowledge

Liability modelling

Cashflow projections

Buy-ins & buy-outs

Longevity swaps

UK BPA market knowledge

Communication skills

Independent worker

Education

Qualified Actuary or near qualified

Tools

Mantle valuation system

Job description

The Actuary Group is hiring into its Bulk Purchase Annuity pricing team in the United Kingdom. The role reports to the Head of Pricing and involves leading BPA pricing initiatives, validating DB data and modelling, and delivering pricing analyses for senior management.

You will collaborate with pension schemes and internal stakeholders to ensure accurate, compliant results across Solvency II, UK GAAP and IFRS17 frameworks.