Job Description
Job Type: Permanent
Location and flexible working: This role will ideally be based in our London office, but we are open to considering candidates in Edinburgh and the Midlands. There will be some flexibility to work between the office (minimum 3 days per week) and home. We recognise the benefits of flexible working and will discuss what is important to you, balancing this with business requirements during the recruitment process.
You can read more about Phoenix Flex here.
Salary and benefits: £45,000 and £65,000 (subject to experience) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
We have an incredible and unique opportunity for a
BPA Pricing Analyst to join Standard Life’s award-winning Defined Benefit Solutions team, pricing and managing our extensive book of BPA clients.
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.
The Role
This is a unique opportunity to join a team at the forefront of Bulk Purchase Annuity (BPA) growth, where you'll collaborate with Pricing Actuaries and Managers to shape and manage a diverse portfolio of transactions.
You'll work closely with internal and external stakeholders such as Client Services to deliver robust data cleanses, implement GMP equalisation, and support the transition to buyout. From producing cash flow and pricing models to navigating complex, you'll play a key role in ensuring processes are followed, navigating complexities and identifying smart, tailored solutions.
You'll also support post-transaction pricing projects, ensuring contractual requirements and timescales are met with precision. You’ll be involved in building, maintaining, and enhancing actuarial models, and present technical insights with confidence.
This role offers a rich blend of analytical challenge, stakeholder engagement, and strategic impact.
Qualifications
What We’re Looking For
Be a part-qualified actuary making strong exam progress
Experience, Skills And Knowledge
- Practical experience of actuarial cash flow modelling, including development of models for bespoke projects and exercises, and application of actuarial methodologies for setting assumptions
- Strong technical knowledge of defined benefit pensions (including an understanding of modelling of GMP benefits, franking and deferred member benefit calculations)
- Strong problem solving, communication and analytical skills, and the ability to work quickly and accurately with a high attention to detail
- 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
Personal Attributes
- Excellent analytical and problem-solving skills, with holistic thinking
- Agility and vision to adapt processes in a transformation and change environment
- Self-starter and independent worker with strong sense of ownership, capable of delivering, driving and shaping results and to meet deadlines under pressure
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.
Find out more about
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
