Key member of the Bulk Purchase Annuity (BPA) Pricing team undertaking a variety of different tasks.
Overview
Key duties (including, but not limited to):
- Checking the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing, including methods and assumptions for addressing data gaps
- Checking the modelling of DB pension scheme cashflows using valuation systems
- Supporting and mentoring junior members of the team
- Experience investigations for factors affecting pricing assumptions
Qualifications required:
- Newly qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped.
Experience required
- 3 or 4 years of experience of working in DB pensions at an Employee Benefit Consultancy (EBC) or in the BPA team at an insurer / reinsurer
- Experience of DB pension modelling
- Knowledge of UK Defined Benefit Pensions and reinsurance structures
- Understanding of actuarial concepts related to annuity pricing and valuation