Senior Actuary - MA & BPA Pricing & Onboarding

Pension Insurance Corporation; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

28 days annual leave

Generous pension scheme

Travel Insurance

Critical Illness cover

Life Assurance

Income protection

Job summary

Pension Insurance Corporation in London is seeking a qualified actuary to join the Origination team, guiding pricing and onboarding of new BPA and reinsurance transactions.

You will ensure pricing reflects risks and balance sheet implications, and you will collaborate with Actuarial, Risk, Legal and Operations to deliver compliant, efficient deals.

The role emphasizes strong stakeholder management and deep knowledge of the UK life insurance and pension markets.

Qualifications

• IfoA qualification or equivalent professional credential.
• Strong knowledge of Solvency II and IFRS 17.
• Experience in life insurance, pensions, and BPA markets.
• Excellent stakeholder management and analytical skills.

Responsibilities

• Assess MA eligibility for new BPA and reinsurance transactions, supporting appropriate deal structuring to ensure compliance.
• Review and challenge new business pricing, ensuring it is competitive, reflects underlying risks and is appropriate for PIC’s balance sheet.
• Assess and communicate the balance sheet impact of prospective transactions and support the effective onboarding of new business.
• Partner closely with Origination, Actuarial, Risk, Legal and Operations to support the successful delivery of new BPA and reinsurance transactions.
• Drive improvements to pricing, business partnering and MA processes, enhancing commerciality, efficiency and risk management.

Skills

IFoA qualification

Solvency II

IFRS 17

Actuarial modelling

Pensions market knowledge

Stakeholder management

Pricing experience

Job description

Pension Insurance Corporation in London is seeking a qualified actuary to join the Origination team, guiding pricing and onboarding of new BPA and reinsurance transactions.

You will ensure pricing reflects risks and balance sheet implications, and you will collaborate with Actuarial, Risk, Legal and Operations to deliver compliant, efficient deals.

The role emphasizes strong stakeholder management and deep knowledge of the UK life insurance and pension markets.