Location: Can be located in Bristol, Watford or London office.
Job Purpose
This role is in the BPA New Business Pricing team, where you will work with other team members to support the pricing and execution of bulk annuity transactions. The role requires an understanding of defined benefit pensions to accurately manipulate, interpret and check data, model liability cashflows, and understand business metrics relating to profit and capital.
Key Accountabilities
* Support the pricing and execution of bulk annuity transactions
* Accurate and complete data manipulation and subsequent modelling of scheme benefits
* Actively identify areas of opportunity to improve pricing tools and process efficiency
* Work collaboratively and effectively with wider BPA teams, such as BPA reinsurance, Data Verification and Member Options, adapting to different individuals’ and teams’ requirements to achieve desired outcomes
* Understand and apply technical actuarial techniques, with an awareness of business and commercial impacts of pricing decisions
General Responsibilities
* Development and maintenance of bulk annuity pricing methodologies and models in accordance with Technical Actuarial Standards (where relevant) and End User Computing requirements.
* Contribute to a collaborative and inclusive team culture
* Understanding of risk management, in relation to risks relevant to this role. Follow appropriate risk management procedures to control, monitor and report on business activities, and escalating key risks or issues appropriately
* Understanding and ability to implement and maintain an actuarial control framework and meet governance requirements
* Compliance with Company policies and regulatory, professional and legal requirements.
Desired Knowledge / Experience / Skills
* Demonstrable numerical, analytical, problem-solving and data manipulation skills, with attention to detail and an ability to identify issues and interdependencies
* Advanced working knowledge of MS Excel. Experience of Prophet is advantageous.
* Experience of working with complex data, with a demonstrable ability to make conclusions and communicate recommendations effectively
* Strong, clear and timely oral and written communication to internal and external stakeholders
* Excellent project management skills, working effectively both independently and as part of a team
* A demonstrable interest in Bulk Purchase Annuities, with a knowledge of defined benefit pension schemes and bulk annuity transactions
Benefits
We offer a competitive salary and benefits package that’s regularly reviewed, including a generous pension and bonus scheme, income protection, private medical insurance and life assurance. Other benefits and support services are also available, and we provide training, flexible working and development opportunities.
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