Actuarial Analyst - Retirement Solutions

Social network you want to login/join with:

Actuarial Analyst - Retirement Solutions, London

Client:

Phoenix Group Holdings

Location:

London, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

721d0071d14b

Job Views:

7

Posted:

20.02.2025

Expiry Date:

06.04.2025

Job Description:

Location and flexible working: London, working from our centrally located office three days per week, Tuesday to Thursday. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Job Type: Permanent

Closing Date: 28th February 2024

Salary and benefits: Between £40,000 and £65,000 dependent upon experience plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more.

We have an incredible and unique opportunity to join Standard Life’s award-winning Defined Benefit Solutions team as a BPA Pricing Analyst, supporting in the pricing and management of our extensive book of BPA clients.

Do you have experience of working in DB pension consultancies or the pension risk transfer market?

Do you have or would you be looking to have more involvement with DB Liability Modelling?

Do you enjoy some of the more technical work involved in the ongoing management of pension risk transfer transactions?

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked. We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role:

• Provide support to the Pricing Actuaries and Pricing Managers in the pricing and ongoing management of our book of Bulk Purchase Annuity transactions.
• Work closely with Client Services to support our existing clients with onboarding, data cleanses including GMP equalisation implementation, and transition to buy-out.
• Take responsibility for modelling pension scheme liabilities to generate benefit cash flows from individual member data and benefit schedules.
• Modelling and assessing capital requirements and producing sensitivity analyses to assist with pricing and governance for adjustments to existing transactions.
• Build, develop, document, run and maintain actuarial models, ensuring robust controls and processes are followed.

What We’re Looking For:

• Be a part qualified actuary with a desire to be fully qualified, which will be supported by Phoenix Group.
• Practical experience of actuarial cash flow modelling for pensions in payment and deferred benefits.
• Excellent technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations).
• Strong problem solving 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.