Pricing Actuary – 12 months Secondment

Jobtailor; Telford; On-site; GBP 70,000 - 110,000; Full time

Job summary

Jobtailor in the United Kingdom is seeking a qualified actuary or near-qualified actuary to lead Pension Risk Transfer pricing and cash flow modelling, collaborating with Pricing Managers and key stakeholders to ensure robust controls and accurate assumptions.

You will develop, coach and train junior team members, manage projects to meet contractual timescales, build and maintain actuarial models, and present complex technical content to internal and external stakeholders.

Qualifications

• Qualified Actuary or near qualified with practical actuarial cash flow modelling experience.
• Experience developing models for bespoke projects and setting assumptions.
• Strong knowledge of defined benefit pensions, GMP, franking and deferred member benefits.

Responsibilities

• Working with Pricing Managers on ongoing management of Pension Risk Transfer transactions.
• Collaborating with Client Services and stakeholders to execute data cleanses and GMP equalisation transitions to buyout.
• Leading production of cash flow and pricing models for PRTs with robust controls.

Skills

Actuarial cash flow modelling

Pricing models

Stakeholder communication

GMP equalisation

Bespoke project development

Project management

Coaching

Presenting technical content

Education

Qualified Actuary

Near-Qualified Actuary

Tools

Actuarial models

Job description

• Working with the Pricing Managers on the ongoing management of our book of Pension Risk Transfer transactions
• Working closely with key internal and external stakeholders such as Client Services in executing data cleanses, including GMP equalisation implementation and the transition to buyout
• Leading the production of cash flow and pricing models for PRTs, ensuring robust controls and processes are followed
• Working with others to navigate complexities and non-standard requests, driving thinking on solutions
• Development, coaching and training of junior members of the team
• Leading on project management to ensure that key contractual requirements and timescales are met
• Building, developing, documenting, running and maintaining actuarial models
• Presenting technical content with confidence to internal and external stakeholders

Requirements

• Be a qualified Actuary or near qualified Actuary
• Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions
• Excellent technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations)
• Ideally have an appreciation of financial services companies and the regulatory environment in which they operate, including Solvency II and the Matching Adjustment along with experience of bulk annuity modelling and pricing

Core Competencies

Demonstrates expertise in actuarial cash flow modeling and the development of pricing models for Pension Risk Transfers, with a strong understanding of defined benefit pensions and regulatory frameworks such as Solvency II. Capable of leading projects, coaching junior team members, and effectively communicating technical content to stakeholders.

Highest-signal resume keywords

• Qualified Actuary
• Actuarial Cash Flow Modelling
• Defined Benefit Pensions
• Project Management
• Stakeholder Communication

ATS Optimization Keywords

Hard Skills

• Cash Flow Modelling
• Pricing Models
• Actuarial Methodologies
• GMP Equalisation
• Deferred Member Benefit Calculations
• Bespoke Project Development
• Franking
• Bulk Annuity Modelling
• Assumption Setting

Soft Skills

• Coaching
• Training
• Problem Solving

Certifications & Qualifications

• Qualified Actuary

Industry Keywords

• Pension Risk Transfer
• Financial Services
• Regulatory Environment
• Solvency II
• Matching Adjustment

Tools & Technologies

• Actuarial Models