Job Type: Permanent
Location: This role is based in our London office, with some flexibility to work between the office and home. The team usually get together 3 days per week in the office Tuesday to Thursday. 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.
Salary and Benefits: from £40,000+ (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.
If you're a part-qualified actuary looking to apply your technical expertise in one of the UK's leading Bulk Purchase Annuity businesses, this is an opportunity to play a key role in shaping and delivering pricing solutions that help secure better retirements for thousands of pension scheme members.
Joining our award-winning Defined Benefit Solutions team, you'll gain exposure to high-profile BPA and Reinsurance transactions within a growing, market-leading business. Working alongside experienced actuaries and senior commercial stakeholders, you'll contribute to the pricing and execution of transactions ranging from straightforward schemes to some of the largest and most complex opportunities in the market.
Who are we?
We’re Standard Life, 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.
The role
Support the pricing and execution of Bulk Purchase Annuity and Reinsurance transactions, working closely with Pricing Actuaries and Business Development Managers.
Contribute to the ongoing development and optimisation of pricing approaches to maintain a strong and competitive market position.
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, governance and bids for new transactions.
Build, develop, document, run and maintain actuarial models, ensuring robust controls and processes are followed (including development of bespoke financial models for strategic projects).
Help ensure BPA transactions are priced accurately and commercially, aligned to our risk appetite, governance framework and delivery timescales.
What We’re Looking For
Qualifications
Be a part qualified actuary, and on the pathway to qualify - study support and paid study leave for actuarial qualifications will be offered by Standard Life.
Skills, Knowledge and Experience (essential)
Practical experience of actuarial cash flow modelling for pensions in payment and deferred benefits
Strong technical knowledge of defined benefit pensions, including experience of modelling GMP benefits, franking and deferred member benefit calculations
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
An understanding of, or interest in developing knowledge of, the regulatory and commercial environment in which long-term savings and insurance businesses operate, including Solvency II, Matching Adjustment and BPA 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
Standard Life Edinburgh, Scotland Office
Edinburgh, United Kingdom
