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PRT Pricing Actuary (12 months Secondment)

United Kingdom·TelfordHybridmid

OtherPricing Actuary

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Quick Summary

Requirements Summary

Niche: Specialist Band 2Salary and Benefits: from £65,000+ (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance,

Technical Tools

OtherPricing Actuary

Requirements

~1 min read

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)
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

Responsibilities

~1 min read

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Working with the Pricing Managers on the ongoing management of our book of Pension Risk Transfer transactions
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Working closely with key internal and external stakeholders such as Client Services in executing data cleanses, including GMP equalisation implementation and the transition to buyout
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Leading the production of cash flow and pricing models for PRTs, ensuring robust controls and processes are followed
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Working with others to navigate complexities and non-standard requests, driving thinking on solutions
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Development, coaching and training of junior members of the team
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Leading on project management to ensure that key contractual requirements and timescales are met
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Building, developing, documenting, running and maintaining actuarial models
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Presenting technical content with confidence to internal and external stakeholders

Strong problem solving, communication and analytical skill
Ability to work quickly and accurately with a high attention to detail

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.

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