About The Role

If you're a part-qualified actuary looking to apply your technical expertise within one of the UK's leading Bulk Purchase Annuity businesses, this is an opportunity to play a key role in securing better retirements for thousands of pension scheme members.

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.

Role Context & Team

There has never been a more exciting time to begin the next stage of your actuarial career at Standard Life. Backed by our recently announced PRT partnership and £2bn capital commitment, we're investing in the future of our Pension Risk Transfer business and creating opportunities for talented actuaries to develop within a fast-growing, market-leading team. As a PRT Pricing Actuarial Analyst, you'll work on real transactions from day one, gaining exposure to complex pricing exercises, cashflow modelling, BPA schemes and reinsurance arrangements that many actuaries don't encounter until much later in their careers. Supported by experienced mentors, technical specialists and a great study package, you'll be given the opportunity to develop your expertise, build your professional network and play a meaningful role in delivering solutions that help secure better retirements for thousands of pension scheme members.

The role

Working with the Pricing Managers on the ongoing management of our book of Bulk Purchase Annuity transactions
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
Leading the production of cash flow and pricing models for BPAs, ensuring robust controls and processes are followed
Working with others to navigate complexities and non-standard requests, driving thinking on solutions
Development, coaching and training of junior members of the team
Leading on project management to ensure that key contractual requirements and timescales are met
Building, developing, documenting, running and maintaining actuarial models
Presenting technical content with confidence to internal and external stakeholders

What We’re Looking For

Qualifications: Be a nearly qualified Actuary

Experience & Knowledge (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
Strong 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

Skills and Personal Attributes

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

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