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.
[https://www.standardlifeplc.com/careers/flexible-working]
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
[https://standardlifeplc.pagetiger.com/guideforcandidates/guideforcandidates]
* Find or get answers from our
colleagues: www.standardlifeplc.com/careers/talk-to-us
[http://www.standardlifeplc.com/careers/talk-to-us] #LI-SC1
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