Pricing Actuary

The role

The Pricing Actuary will price, underwrite, and execute new business transactions. This role involves modelling scheme benefits, proposing demographic assumptions, and producing deal economics.

What you will do

• Modelling by-member scheme benefits in Rothesay's proprietary valuation system
• Underwriting and proposing demographic assumptions based on analysis of socio-demographic profiles
• Liaising with brokers throughout the pricing process
• Producing new deal economics
• Drafting materials for approvals and presenting them at internal committees
• Calculation of premiums and preparation of proposal documentation
• Working with external legal counsel to analyse legal benefit risks and review contractual documentation
• Providing input on underwriting policy and pricing levels
• Monitoring risks to which Rothesay is exposed

Required qualifications

• Qualified actuary
• Application of experience and professional judgment to identify and underwrite risks
• Knowledge of the main features of DB pension benefits including GMP, Barber, revaluation and anti-franking
• Degree in a relevant numerical based subject and/or relevant industry qualifications such as IFoA
• Strong Excel skills

Nice to have

• Recent exposure to actuarial modelling within an EBC or life insurance company
• Technical Skills - Demonstrates strong technical skills, pays attention to detail, takes initiative and demonstrates analytical skills
• Drive and Motivation – Be a self-starter, handles multiple tasks, takes initiative and persists in the face of obstacles
• Client and Business Focus - Handles difficult requests, builds relationships and manages expectations
• Teamwork – Demonstrate evidence of being a strong team player and collaborates with others
• Communication Skills - Communicates clearly and concisely and shares information
• Judgement and Problem solving - Thinks ahead, plans for contingencies and analyses complex issues
• Creativity/Innovation - Looks for new ways to improve processes and develop creative solutions
• Influencing Outcomes - Presents persuasive rationale and influences others' opinions

About the company

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. It manages over £74 billion of assets and secures the pensions of nearly one million people.