Pricing Analyst

Pricing Analyst

Job Title: Pricing Analyst (part/nearly qualified)

Location: Head Office in Buckinghamshire

Reporting to: Head of Pricing

Responsibilities:

Key member of the Bulk Purchase Annuity (BPA) Pricing team undertaking a variety of different tasks including:

• 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.
• Carrying out BPA pricing, including Solvency II, UK GAAP and IFRS17 reporting.
• Provide appropriate support to managers and others to implement recommendations/facilitate change in the pricing models
• 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.

Core Competencies:

• Knowledge of UK Defined Benefit (DB) Pensions
• Understanding of actuarial concepts related to annuity pricing and valuations.
• Good communication skills.

Experience and Qualifications:

Mandatory:

• 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
• Part/Nearly qualified Actuary; either continuing exams or stopped
• Experience of DB pension modelling

Desirable:

• Experienced in insurance BPA cashflow modelling and pricing or experience of pension scheme buy-outs in a risk transfer team at an EBC