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About the Role

This is an opportunity to play a key role in securing better retirements for thousands of pension scheme members within one of the UK's leading Bulk Purchase Annuity businesses, applying your technical expertise as a part-qualified actuary.

Responsibilities

• Working with Pricing Managers on the ongoing management of Bulk Purchase Annuity transactions.
• Collaborating closely with key internal and external stakeholders to execute data cleanses, including GMP equalisation implementation and transition to buyout.
• Leading the production of cash flow and pricing models for BPAs, ensuring robust controls and processes.
• Navigating complexities and non-standard requests, driving thinking on solutions.
• Developing, coaching, and training junior team members.
• Leading project management to ensure key contractual requirements and timescales are met.
• Building, developing, documenting, running, and maintaining actuarial models.
• Presenting technical content with confidence to internal and external stakeholders.

Requirements

• Practical experience of actuarial cash flow modelling, including model development for bespoke projects and exercises.
• Application of actuarial methodologies for setting assumptions.
• Strong 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

• Permanent
• Hybrid

Experience Level

• Part-qualified Actuary
• Nearly qualified Actuary

Salary/Compensations

• £45,000 - £60,000

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 champion the belief that everyone’s journey to and through retirement can be better.
• For more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
• 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.
• There has never been a more exciting time to begin the next stage of your actuarial career at Standard Life.
• Backed by our recently announced PRT partnership and £2bn capital commitment, we're investing in the future of our Pension Risk Transfer business.
• We are creating opportunities for talented actuaries to develop within a fast-growing, market-leading team.

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.