PRT Pricing Actuary (Post-Transaction) – Hybrid & Growth Role

Standard Life plc; Birmingham; Hybrid; GBP 65,000 - 85,000; Full time

Benefits offered by this job

Bonus

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Income protection

Volunteering days

Job summary

Standard Life plc in the United Kingdom is seeking a PRT Pricing Actuary to lead complex pricing and cashflow modelling for Bulk Purchase Annuity transactions, as part of the Pension Risk Transfer team. The role offers an opportunity to shape the pricing strategy for a high-growth retirement business, with close collaboration across internal teams and clients.

The successful candidate will be a qualified actuary with hands-on experience in cashflow modelling, GMP considerations and Solvency II,

Qualifications

• 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 modelling GMP benefits, franking and deferred member benefit calculations)
• Appreciation of Solvency II and the Matching Adjustment with experience of bulk annuity modelling and pricing

Responsibilities

• Working with Pricing Managers on ongoing management of Bulk Purchase Annuity transactions
• Collaborating with stakeholders to perform data cleanses, GMP equalisation and transition to buyout
• Leading cash flow and pricing model production for BPAs with robust controls
• Navigating complexities and non-standard requests and driving solutions
• Developing, coaching and training junior team members
• Leading project management to meet contractual requirements and timescales
• Building, documenting, running and maintaining actuarial models
• Presenting technical content to internal and external stakeholders

Skills

Cash flow modelling

Pricing modelling

Communication

Education

Qualified Actuary

Job description

Standard Life plc in the United Kingdom is seeking a PRT Pricing Actuary to lead complex pricing and cashflow modelling for Bulk Purchase Annuity transactions, as part of the Pension Risk Transfer team. The role offers an opportunity to shape the pricing strategy for a high-growth retirement business, with close collaboration across internal teams and clients.

The successful candidate will be a qualified actuary with hands-on experience in cashflow modelling, GMP considerations and Solvency II,