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About the Role

This role offers an opportunity for an Actuary to apply technical expertise in the UK's leading Bulk Purchase Annuity businesses, playing a key role in shaping and delivering pricing solutions to secure better retirements for pension scheme members. You will gain exposure to high-profile BPA and Reinsurance transactions within a growing, market-leading business, contributing to the pricing and execution of diverse schemes.

Responsibilities

Working with 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.
Supporting BPA pricing and execution on a deal-by-deal basis, collaborating with reinsurance, asset management, capital management, and operations teams.
Navigating complexities and non-standard requests with the Deal Lead, driving solution development.
Developing, coaching, and training junior team members.
Building, developing, documenting, running, and maintaining actuarial models.
Presenting technical content confidently to internal and external stakeholders.

Requirements

A qualified Actuary.
Practical experience of actuarial cash flow modelling, including model development for bespoke projects and exercises.
Application of actuarial methodologies for setting assumptions.
Excellent technical knowledge of defined benefit pensions, including modelling of GMP benefits, franking, and deferred member benefit calculations.
Ideally, an 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

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 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 whatever life brings.
We expect curiosity, connection, accountability, and high standards.
We make room for what matters, so you can bring your best, every day.
Standard Life's growing Pension Risk Transfer (PRT) business is entering an exciting new phase with a new PRT partnership and a £2bn capital commitment to accelerate growth.
We are expanding our capability to support a broader range of pension schemes, including large and complex transactions.
Our ambition is to become the UK's leading retirement savings and income business.

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.