Pricing Analyst
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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