PRT Pricing Actuary — Post-Transaction Solutions Lead

Standard Life plc; 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

12x salary life assurance

Career breaks

Income protection

3x volunteering days

Job summary

Standard Life plc is seeking a PRT Pricing Actuary in London to join our Pension Risk Transfer team. You will shape long-term outcomes by leading complex pricing, cashflow modelling and in-force activity for Bulk Purchase Annuities, contributing to one of the UK’s fastest-growing retirement businesses.

You will bring actuarial qualifications with hands-on modelling experience and a strong understanding of defined benefit pensions, GMPs and Solvency II.

Qualifications

• Be a qualified actuary.
• Practical experience of actuarial cash flow modelling for bespoke projects and exercises.
• Excellent technical knowledge of defined benefit pensions including GMP, franking and deferred member benefit calculations.
• Familiarity with Solvency II and the Matching Adjustment; experience of bulk annuity modelling and pricing.

Responsibilities

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

Skills

Actuarial cash flow modelling

Defined benefit pensions knowledge

GMP & deferred benefits understanding

Solvency II knowledge

Bulk annuity modelling & pricing

Job description

Standard Life plc is seeking a PRT Pricing Actuary in London to join our Pension Risk Transfer team. You will shape long-term outcomes by leading complex pricing, cashflow modelling and in-force activity for Bulk Purchase Annuities, contributing to one of the UK’s fastest-growing retirement businesses.

You will bring actuarial qualifications with hands-on modelling experience and a strong understanding of defined benefit pensions, GMPs and Solvency II.