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Key member of the Bulk Purchase Annuity (BPA) Pricing team undertaking a variety of different tasks
Job Responsibility:
Leading the pricing of BPA transactions from initial triage through to deal execution
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
Requirements:
Qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped
Over 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
Experienced in insurance BPA cashflow modelling and pricing or experience of pension scheme buy-outs in a risk transfer team at an EBC is desirable