Director, Pricing Actuary

Location

Business - Wealth Solutions

Blumont Annuity Company UK (BAC UK) is a life insurance company with a primary focus on the pension risk transfer market in which buy-out and buy-in bulk purchase policies are sold to defined benefit pension plans in the UK. The company was authorized by the PRA on 10 March 2025 and is regulated by the FCA and PRA under FRN 1014484.

BAC UK launched on 25 March 2025.

BAC UK is wholly owned by Brookfield Wealth Solutions. (“BWS”). BWS is a leading insurance and reinsurance business focused on providing capital-based solutions to insurance companies and their stakeholders. Through its operating subsidiaries, American National, American Equity, North End Re and Brookfield Annuity, WS provides annuity-based reinsurance products to insurance and reinsurance companies and acts as a direct issuer of pension risk transfer products for pension plan sponsors.

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Job Description

Director Pricing Actuary

Blumont Annuity Company UK (BAC UK) is a life insurance company with a primary focus on the pension risk transfer market in which buy-out and buy-in bulk purchase policies are sold to defined benefit pension plans in the UK. The company is currently undergoing the licensing process with the PRA and FCA and expects to become authorized to commence life business in the UK in Q1 2025.

BAC UK is wholly owned by Brookfield Wealth Solutions. (“BWS”). BWS is a leading insurance and reinsurance business focused on providing capital-based solutions to insurance companies and their stakeholders. Through its operating subsidiaries, American National, American Equity, North End Re and Brookfield Annuity, WS provides annuity-based reinsurance products to insurance and reinsurance companies and acts as a direct issuer of pension risk transfer products for pension plan sponsors.

BAC UK is hiring a Senior Associate or Director for the Pricing & Deal Structuring team. This role will report to the Chief Origination Officer.

Responsibilities:

• Pricing of new BPA deals, including reviewing benefit specifications and scheme data, recommending pricing assumptions and analysing results.

• Identify any non-standard pricing features and recommend an appropriate pricing methodology

• Prepare RFQ responses on deals, including all structuring of bespoke solutions for schemes where this is required to facilitate a transaction

• Preparing pricing packs and presenting deals to the Senior Management Committee for approval

• Proactively engage with the risk function on deals to support the approval process

Required Skills and Experience:

• Qualified actuary with 5-10 years’ PQE experience

• Experience in pricing of UK BPA deals

• Insurance sector experience and knowledge of UK pensions/ bulk annuities

• Excellent critical thinking and analytical skills, with the ability to collect, organize, analyse and disseminate information with attention to detail and accuracy

• Ability to multi-task, prioritize deliverables, and work well under pressure and deadlines

• Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills

• Works well in a team-based environment

• Strong oral and written communication skills

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.