Pricing Actuary - BPA / Pensions

Lorien; London; On-site; GBP 95,000 - 115,000; Full time

Job summary

A leading insurance firm in London is seeking a Delivery Lead to manage Bulk Purchase Annuities and lead actuarial models. The ideal candidate is a qualified or near-qualified actuary with experience in cash flow modelling and strong problem-solving skills. Responsibilities include managing transactions, training junior staff, and interacting with stakeholders. This full-time role offers an exciting opportunity for career growth.

Qualifications

• Experience in actuarial cash flow modelling for bespoke projects.
• Excellent technical knowledge of defined benefit pensions.
• Appreciation of financial services regulatory environment.

Responsibilities

• Manage Bulk Purchase Annuity transactions.
• Lead cash flow and pricing models for BPAs.
• Train and develop junior team members.

Skills

Actuarial cash flow modelling

Problem solving

Communication skills

Analytical skills

Attention to detail

Education

Qualified actuary or near qualified actuary

Job description

2 days ago Be among the first 25 applicants

Direct message the job poster from Lorien

Delivery Lead at Nationwide Building Society -

We have an incredible and unique opportunity to join our Insurance client based in London with around £290 billion of assets under administration as a BPA Pricing Actuary, pricing and managing our extensive book of BPA clients.

The role

• Working with the Pricing Managers on the ongoing management of our book of Bulk Purchase Annuity 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 BPAs, 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

What We’re Looking For

• 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)
• Strong problem solving, communication and analytical skills, and the ability to work quickly and accurately with a high attention to detail
• 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

If this role is of interest and you'd like more info please apply with your CV or drop me a message to set up a call.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Other

• Industries

  Insurance

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