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About the Role

Join Standard Life's growing Pension Risk Transfer (PRT) business at a landmark moment in our journey. As a PRT Pricing Actuary, you'll play a pivotal role in shaping the long-term success of our Bulk Purchase Annuity business, using your actuarial expertise to lead complex pricing, cashflow modelling and in-force transaction activity. This is a unique opportunity to work at the heart of a rapidly expanding business, solve complex challenges, influence strategic outcomes and help shape the future of one of the UK's most ambitious and fastest-growing retirement businesses.

Responsibilities

Work with Pricing Managers on the ongoing management of Bulk Purchase Annuity transactions.
Collaborate with key internal and external stakeholders, such as Client Services, in executing data cleanses, including GMP equalisation implementation and the transition to buyout.
Lead the production of cash flow and pricing models for BPAs, ensuring robust controls and processes are followed.
Navigate complexities and non-standard requests, driving thinking on solutions.
Provide development, coaching, and training to junior team members.
Lead on project management to ensure key contractual requirements and timescales are met.
Build, develop, document, run, and maintain actuarial models.
Present technical content with confidence to internal and external stakeholders.

Requirements

Be a qualified Actuary.
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

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

Subject to experience

Education Level

Qualified Actuary

Salary/Compensations

£65,000 - £85,000

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, 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.

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.