Responsibilities:

To work independently as a member of the Pricing team undertaking a variety of different tasks to enable the department to meet its objectives as agreed by the Head of Pricing including:

• Developing and Maintaining pricing models for annuity business, including bulk annuities that adhere to our risk tolerances and are scalable for future growth.
• Preparation and analysis of policyholder data for pricing, including methods and assumptions for addressing gaps in data.
• Experience investigations for factors affecting pricing assumptions.
• Supporting the valuation, including Solvency II, UK GAAP and IFRS17 reporting.
• Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.
• Ad hoc tasks as required.
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out at rulebook/Content/Part/#removed# and handbook/COCON/2/?view=chapter
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies:

• Knowledge of UK Defined Benefit Pensions and reinsurance structures.
• Understanding of actuarial concepts related to annuity pricing and valuation.
• Good communication skills.

Experience and Qualifications:

• Part qualified Actuary
• Experience of working within pensions or similar role with an insurer.
• Experience of cashflow modelling and pricing.