Pricing Lead – 28596

The Emerald Group; Greater London; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player is seeking a key member for their Bulk Purchase Annuity Pricing team. This role involves checking the preparation and analysis of Defined Benefit pension scheme data, mentoring junior team members, and conducting experience investigations for pricing assumptions. The ideal candidate will be a newly qualified or nearly qualified Actuary with relevant experience in DB pensions, bringing a strong understanding of actuarial concepts related to annuity pricing. Join a dynamic team and contribute to impactful projects in the pension sector, where your expertise will help shape the future of pension pricing strategies.

Qualifications

• Newly qualified Actuary or nearly qualified with relevant experience.
• 3-4 years of experience in DB pensions at an EBC or insurer.

Responsibilities

• Checking preparation and analysis of DB pension scheme data for pricing.
• Supporting and mentoring junior members of the team.

Skills

DB pension modelling

Actuarial concepts related to annuity pricing

Experience investigations for pricing assumptions

Mentoring junior team members

Education

Qualified Actuary

Relevant experience in DB pensions

Job description

Key member of the Bulk Purchase Annuity (BPA) Pricing team undertaking a variety of different tasks.

• Location: Buckinghamshire
• Type: Permanent

Key Duties (Including but not limited to):

• Checking the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing, including methods and assumptions for addressing data gaps.
• Checking the modelling of DB pension scheme cashflows using valuation systems.
• Supporting and mentoring junior members of the team.
• Conducting experience investigations for factors affecting pricing assumptions.
• Newly qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped.
• 3 or 4 years of experience working in DB pensions at an Employee Benefit Consultancy (EBC) or in the BPA team at an insurer/reinsurer.
• Experience of DB pension modelling.
• Knowledge of UK Defined Benefit Pensions and reinsurance structures.
• Understanding of actuarial concepts related to annuity pricing and valuation.