Senior Pricing Associate - Maternity Cover

The Savings & Retirement Deal Pricing team are responsible for producing the fees & premiums to send to clients in our global markets. The team covers a range of products across the bulk annuity market in Europe & North America, individual retirement products and a range of savings & protection benefits. The team focusses on the cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing. Working with the client solutions team we have a strong focus on optimising deal structures to provide clients with a strong commercial package whilst ensuring an efficient capital structure for PL Re. The team is responsible for the pricing activities related to treaty execution, and ensure the required information is handed over to the S&R inforce management team for implementation. We have an exciting opportunity for an individual with strong technical actuarial / investment background to join the S&R Deal Pricing team delivering on the team’s responsibilities. Take ownership of the existing pricing tools (Tyche models and Excel models). Being able to obtain and interpret required investment data from Bloomberg and from investment teams. Work with the asset management team to agree investment assumptions for pricing. Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc. Strong technical skills necessary to build and run actuarial models, including pricing tools. Prior experience in Pricing is not necessarily required, but broad understanding of modelling mortality and/or market risks will be an advantage. Student member of the IFoA or SOA, making good progress through the professional exams Being able to work in a flexible, dynamic team environment with occasional high-pressure deadlines based around transaction process. Able to build relationships with colleagues in different teams and office locations. Experience of transactions and/or pricing work is beneficial but not essential. Strong experience of Excel and actuarial modelling software (Tyche or similar) Good general understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization. Able to communicate complex actuarial concepts to a range of audiences both verbally and written. Understanding of Pension Risk Transfer markets Understanding of life insurance company balance sheets and capital and profit reporting regimes (IFRS, Solvency II, US GAAP, BMA). Programming experience including VBA & Tyche Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes. Providing employees with a healthy work-life balance is very important to our culture. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities. Benefits (Only for Permanent and Fixed Term Employees) 25 days of annual leave with option to buy/sell more days ~ Generous enhanced parental leave Comprehensive private insurance coverage for employee and dependents Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary Savings & Retirement ~Subsidized gym membership Access to Employee Assistance Program Cycle to Work and Electric Car Salary Sacrifice Scheme Time off for volunteering We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities.