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About the Role

We are looking for a PRT Pricing Actuary to join our Defined Benefits Solutions team. This role involves managing in-force bulk annuity transactions, leading cashflow modelling and pricing activities, and delivering complex post-transaction projects. This is a 12-month secondment opportunity to help shape better retirements across the UK.

Responsibilities

• Work with Pricing Managers on the ongoing management of Pension Risk Transfer transactions.
• Collaborate with internal and external stakeholders on data cleanses, GMP equalisation implementation, and transition to buyout.
• Lead the production of cash flow and pricing models for PRTs, ensuring robust controls and processes.
• Navigate complexities and non-standard requests, driving solution development.
• Develop, coach, and train junior team members.
• Lead project management to meet key contractual requirements and timescales.
• Build, develop, document, run, and maintain actuarial models.
• Present technical content confidently to stakeholders.

Requirements

• Be a qualified Actuary or near qualified Actuary.
• Practical experience of actuarial cash flow modelling, including model development for bespoke projects and exercises.
• Experience in applying actuarial methodologies for setting assumptions.
• Excellent technical knowledge of defined benefit pensions, including modelling of GMP benefits, franking, and deferred member benefit calculations.
• Appreciation of financial services companies and their regulatory environment, including Solvency II and Matching Adjustment.
• Experience of bulk annuity modelling and pricing.

Skills

• Strong problem-solving skills
• Strong communication skills
• Strong analytical skills
• Ability to work quickly and accurately
• High attention to detail

Location

• London
• Edinburgh
• Telford
• Birmingham

Work Type

• Hybrid
• Secondment
• Fixed-term contract

Experience Level

• Specialist Band 2
• Subject to experience

Education Level

• Qualified Actuary
• Near qualified Actuary

Salary/Compensations

• £65,000+

Benefits

• Bonus
• Private medical cover
• 38 days annual leave
• Excellent pension
• 12x salary life assurance
• Career breaks
• Income protection
• 3x volunteering days

About the Company

• Standard Life is a retirement specialist focused entirely on retirement savings and income.
• We believe everyone's journey to and through retirement can be better.
• For over 200 years, we've been helping customers plan and prepare for their financial futures.
• We offer colleagues flexibility, trust, and benefits that work for life's uncertainties.
• We expect curiosity, connection, accountability, and high standards from our colleagues.
• We make room for what matters so you can bring your best every day.

Equal Opportunity

• 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.