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Senior Actuary

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Senior Pricing Actuary Salary: Competitive and based on experience Location: London/ Hybrid Keywords: Actuary, Pricing, Senior, BPA Proposition, Projects

An exciting opportunity has arisen for a qualified actuary to join a dynamic and forward-thinking team, focusing on Bulk Purchase Annuity (BPA) Proposition and Projects. This role is pivotal in ensuring the proposition strategy and arrangements are appropriately implemented within the BPA business unit. It offers the chance to build relationships with external parties and collaborate with colleagues across the organisation. The successful candidate will be instrumental in competitively pricing BPA business, communicating assumptions to key stakeholders, and maintaining relationships with a wide range of external stakeholders.

  • Opportunity to join a dynamic BPA Proposition and Projects team
  • Key role in implementing proposition strategy within BPA business unit
  • Chance to build relationships with external parties and collaborate with colleagues across the organisation

What you'll do:

As a Senior Pricing Actuary, you will play an integral role in executing the proposition strategy, enabling our client's company to competitively price its Bulk Purchase Annuity (BPA) business. You will be responsible for implementing proposition changes within the BPA unit, effectively communicating these changes to key stakeholders. Your role will also involve nurturing relationships with a diverse range of external stakeholders, including legal consultants and third-party providers. As a subject matter expert for BPA propositions, you will collaborate closely with various internal departments to ensure comprehensive understanding and implementation of arrangements across the business.

  • Execute the proposition strategy so that the company can competitively price its BPA business
  • Implement proposition changes in BPA and communicate these assumptions to key stakeholders
  • Maintain and develop relationships with a wide range of external stakeholders such as legal consultants, third-party providers etc.
  • Be a subject matter expert for BPA proposition and work with internal departments to ensure arrangements are fully understood and implemented across the business
  • Contribute fully to the BPA Proposition & Projects team including regular updates at team meetings and training to colleagues as required
  • Ensure governance and processes are in line with Policies and Standards

What you bring:

The ideal candidate for this Senior Pricing Actuary position brings strong knowledge of UK Defined Benefit pensions along with familiarity with the BPA market, its products, and reinsurance structures. You possess an understanding of pricing, capital modelling, and profit testing. Your ability to build relationships with people at all levels, both internal and external, will be key to your success in this role. You have strong negotiation and communication skills, with the ability to communicate technical issues to senior individuals, including non-actuaries. Furthermore, you understand and can implement/maintain an actuarial control framework.

  • Strong knowledge of UK Defined Benefit pensions
  • Familiarity with BPA market, products and reinsurance structures
  • Understanding of pricing, capital modelling and profit testing
  • Ability to build relationships with people at all levels (internal and external)
  • Strong negotiation and communication skills (can communicate technical issues to senior people including non-actuaries)
  • Understanding and ability to implement/maintain an actuarial control framework

What sets this company apart:

Our client is a modern, agile and welcoming organisation that looks after the retirement, investment and protection needs of individuals, families and companies. They are committed to building better futures for their customers, intermediaries and employees. They offer a competitive salary and benefits package that’s regularly reviewed. As part of their team, you’ll receive a comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. They also offer a range of training, flexible working and opportunities to grow and develop.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates

Contract Type: FULL_TIME

Specialism: Actuarial

Focus: Life

Industry: Insurance

Salary: £120,000 - £150,000 per annum + Annual Bonus

Workplace Type: Hybrid

Experience Level: Senior Management

Location: London

Job Reference: 8GOAJL-D0B638D8

Date posted: 01 July 2024

Consultant: Jack Williams

Phone number:

jack.williams@robertwalters.com

Jack Williams

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