SonicJobs Logo
Left arrow iconBack to search

Pricing Analyst

Signet Resources
Posted 21 days ago, valid for 5 days
Location

Aylesbury, Buckinghamshire HP17 8YJ, England

Salary

£32,000 - £38,400 per annum

info
Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

info
  • The position is for a part-qualified actuary to join the Pricing team, focusing on developing and maintaining pricing models for annuity business.
  • Candidates should have experience working within pensions or a similar role in an insurance environment, requiring a minimum of 3-5 years of relevant experience.
  • The role involves preparing and analyzing policyholder data, conducting experience investigations, and supporting various valuation frameworks such as Solvency II and IFRS17.
  • Strong knowledge of UK Defined Benefit Pensions and reinsurance structures, as well as good communication skills, are essential for this position.
  • The salary for this role is competitive and commensurate with experience, reflecting the importance of the candidate's expertise in actuarial concepts related to annuity pricing.

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/302677 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.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.