PRT Pricing Actuary - Cashflow Modelling & BPA Strategy

Standard Life; Greater London; Hybrid; GBP 65,000 - 85,000; Full time

Benefits offered by this job

Bonus

Private medical cover

38 days annual leave

Excellent pension

Life assurance 12x salary

Career breaks

Income protection

Volunteering days

Job summary

Standard Life is seeking a PRT Pricing Actuary to join our Pension Risk Transfer team in the UK. The role focuses on leading complex pricing, cashflow modelling and in-force activity for Bulk Purchase Annuity transactions, shaping long-term strategy within a rapidly expanding retirement business.

You will work with Pricing Managers and other stakeholders to deliver robust pricing solutions, using your actuarial expertise to drive business value and ensure sound governance.

Qualifications

• Be a qualified Actuary.
• Experience of actuarial cash flow modelling for bespoke projects.
• Knowledge of defined benefit pensions including GMP and related calculations.

Responsibilities

• Lead cash flow and pricing models for Bulk Purchase Annuity (BPA) transactions.
• Collaborate with internal and external stakeholders during data cleanses and GMP equalisation.
• Ensure robust controls and processes around pricing.
• Navigate complex requests and provide solution-oriented thinking.
• Coach and train junior team members on pricing workstreams.
• Lead project management to meet contractual requirements and timelines.
• Develop, document, run and maintain actuarial models; present results to stakeholders.

Skills

Cash flow modelling

Pricing models

Stakeholder communication

Analytical thinking

Education

Actuarial qualification

Job description

Standard Life is seeking a PRT Pricing Actuary to join our Pension Risk Transfer team in the UK. The role focuses on leading complex pricing, cashflow modelling and in-force activity for Bulk Purchase Annuity transactions, shaping long-term strategy within a rapidly expanding retirement business.

You will work with Pricing Managers and other stakeholders to deliver robust pricing solutions, using your actuarial expertise to drive business value and ensure sound governance.