PRT Deal Team Actuary, RS&AM

If you're an Actuary looking to apply your technical expertise in one of the UK's leading Bulk Purchase Annuity businesses, this is an opportunity to play a key role in shaping and delivering pricing solutions that help secure better retirements for thousands of pension scheme members.

Joining our award-winning Pension Risk Transfer team, you'll gain exposure to high-profile BPA and Reinsurance transactions within a growing, market-leading business. Working alongside experienced actuaries and senior commercial stakeholders, you'll contribute to the pricing and execution of transactions ranging from straightforward schemes to some of the largest and most complex opportunities in the market.

Job Type: Permanent
Location and Flexible Working: This role would ideally be based in our London office but we are also open to hiring in Edinburgh/Telford/Birmingham, with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here.
Salary and Benefits: from £65,000 - £85,000 (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

Role & Team Context

The Role

• Working with the Transaction Managers and Directors on the pricing and execution of bulk annuity transactions.

• Leading the production of cash flow and pricing models for BPA transactions, ensuring robust controls and processes are followed  

• Working closely with other teams to support BPA pricing and execution on a deal by deal basis, including reinsurance, asset management, capital management and operations 

• Working with the Deal Lead to navigate complexities and non-standard requests, driving thinking on solutions 

• Development, coaching and training of junior members of the team 

• Building, developing, documenting, running and maintaining actuarial models

• Presenting technical content with confidence to internal and external stakeholders  

What We’re Looking For

Qualifications: A qualified Actuary

Experience & Knowledge (Essential):

• 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 an understanding of modelling of GMP benefits, franking and deferred member benefit calculations)

• Ideally have an appreciation of financial services companies and the regulatory environment in which they operate, including Solvency II and the Matching Adjustment along with experience of bulk annuity modelling and pricing

Skills and Personal Attributes

• Strong problem solving, communication and analytical skill
• Ability to work quickly and accurately with a high attention to detail
   

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. 

 If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. 

We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out.

Find out more about working at Standard Life

• Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates

• Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us #LI-SC1