Bpa Pricing Actuary

Description:

The Actuary Group is hiring a BPA Pricing Actuary to join their on-site team in England, reporting directly to the Head of BPA Pricing. This is a strategic role within the Bulk Purchase Annuity (BPA) division, offering the opportunity to play a pivotal role in supporting a range of pricing and actuarial initiatives. Ideal for a fully qualified actuary, the position combines technical depth, leadership support, and innovation in a dynamic, fast-paced insurance environment.

The successful candidate will lead and support pricing activities related to Defined Benefit (DB) pension schemes, including validating data, modelling cashflows, and analyzing pricing assumptions. You will also play an active role in mentoring junior staff and ensuring compliance with FCA and PRA regulations, while contributing to model enhancements and regulatory reporting.

Key Responsibilities:

• Review and verify data preparation and analysis for DB pension scheme pricing, including handling incomplete datasets.

• Validate and review pension scheme cashflow models using actuarial valuation systems.

• Perform BPA pricing and support reporting functions under Solvency II, UK GAAP, and IFRS17 frameworks.

• Investigate factors influencing pricing assumptions and support strategic model improvements.

• Mentor and support the development of junior actuarial team members.

• Assist management with implementing updates to pricing models and methodologies.

• Complete various ad hoc pricing tasks as required by leadership.

• Maintain strict adherence to FCA and PRA conduct rules and consumer duty requirements.

• Promptly report any regulatory matters in accordance with compliance obligations.

What We’re Looking For:

• A fully qualified actuary with at least 3 years post-qualification experience (PQE).

• In-depth experience with DB pension modelling and BPA pricing techniques.

• Proficient in insurance cashflow modelling and valuation practices for BPA transactions.

• Prior experience with pension scheme buy-outs within a risk transfer team.

• Familiarity with Mantle actuarial systems is highly desirable.

What You’ll Get:

• A challenging and rewarding role within a high-performing BPA pricing team.

• Opportunities to influence pricing strategy and support cutting-edge actuarial solutions.

• A collaborative and supportive environment fostering career development.