Job Type: 9 months (until approx end of May) Secondment / FTC (parental cover)
Location: This role will ideally be based in our London office but we are open to exploring talent across Edinburgh / Birmingham and Telford, with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here.
Career Family and Level: Niche: Specialist Band 2
Salary and Benefits : from £78,000+ (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
We’re looking for a PRT Senior Deal Team Actuary who is a strong, qualified actuarial professional who can support the pricing and execution of both PRT and Reinsurance opportunities, is skilled cashflow modelling and can competently apply actuarial methodologies for setting assumptions, to help us shape better retirements across the UK.
In our award-winning Defined Benefits Solutions team, you’ll play a key role in Lead the pricing and execution of complex BPA transactions, developing robust actuarial models, solving deal challenges, and partnering across teams to deliver successful outcomes.
This is a great secondment opportunity for a qualified Actuary, that will be hired on a c.9-months basis.
The role
Working with the 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 are followed
Working closely with other teams to support BPA pricing and execution on a deal by deal basis, including reinsurance, asset management, capital management and operations
Working with the Deal Lead to navigate complexities and non-standard requests, driving thinking on solutions
Development, coaching and training of junior members of the team
Building, developing, documenting, running and maintaining actuarial models
Presenting technical content with confidence to internal and external stakeholders
What We’re Looking For
Qualifications
A qualified Actuary
Skills, Knowledge and Experience (essential)
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)
Strong problem solving, communication and analytical skills, and the ability to work quickly and accurately with a high attention to detail
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
We want to hire the whole version of you.
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.
We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out.
Find out more about working at Standard Life
- Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us #LI-SC1
