Job Description




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 - £60,000 (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.




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 and Team Context



There has never been a more exciting time to build 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 Deal Team Actuarial Analyst, you'll gain unrivalled front-office exposure, working on live BPA and reinsurance transactions ranging from straightforward schemes to some of the largest and most complex opportunities in the market. You'll collaborate directly with transaction leaders, pricing actuaries, business developers and senior stakeholders, developing not only deep technical expertise but also the commercial judgement and market insight needed to succeed in the industry. Combined with a great actuarial study package, hands-on mentoring and clear progression opportunities, this role offers a unique opportunity to develop faster, build a powerful professional network and play a visible role in shaping the future growth of Standard Life's expanding PRT business.




Key Responsibilities

• 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