PTP (Post-Transaction Pricing) BPA Actuary, RS&AM

Job Type: Permanent Location and flexible working: This role would ideally be based in our London office but we are also open to hiring in Edinburgh/Telford/Birmingham, with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here Salary and Benefits: from £65,000 - £85,000 (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more. Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures. Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day. Role & Team Context Join Standard Life's growing Pension Risk Transfer (PRT) business at a landmark moment in our journey. Following the announcement of our new PRT partnership and a £2bn capital commitment to accelerate growth, we're entering an exciting new phase as we expand our capability to support a broader range of pension schemes, including some of the largest and most complex transactions in the UK market. As our portfolio continues to grow, the ongoing management, optimisation and delivery of post-transaction solutions has never been more important. As a PRT Pricing Actuary, you'll play a pivotal role in shaping the long-term success of our Bulk Purchase Annuity business, using your actuarial expertise to lead complex pricing, cashflow modelling and in-force transaction activity. This is a unique opportunity to work at the heart of a rapidly expanding business, solve complex challenges, influence strategic outcomes and help shape the future of one of the UK's most ambitious and fastest-growing retirement businesses. Key Responsibilities Working with the Pricing Managers on the ongoing management of our book of Bulk Purchase Annuity transactions Working closely with key internal and external stakeholders such as Client Services in executing data cleanses, including GMP equalisation implementation and the transition to buyout Leading the production of cash flow and pricing models for BPAs, ensuring robust controls and processes are followed Working with others to navigate complexities and non-standard requests, driving thinking on solutions Development, coaching and training of junior members of the team Leading on project management to ensure that key contractual requirements and timescales are met Building, developing, documenting, running and maintaining actuarial models Presenting technical content with confidence to internal and external stakeholders What We’re Looking For Qualifications: Be a qualified Actuary Experience & Knowledge (Essential): Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions Excellent technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations) Ideally have an appreciation of financial services companies and the regulatory environment in which they operate, including Solvency II and the Matching Adjustment along with experience of bulk annuity modelling and pricing Skills and Personal Attributes Strong problem solving, communication and analytical skill Ability to work quickly and accurately with a high attention to detail We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out. Find out more about working at Standard Life Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us #LI-SC1