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:
1. Part qualified Actuary
2. Experienc...