Pricing Analyst

Utmost International; United Kingdom; On-site; GBP 30,000 - 40,000; Full time

Job summary

A financial services company in the UK is seeking a Pricing Analyst to support the development and maintenance of pricing models for annuity business. Responsibilities include data analysis, supporting valuations, and adhering to regulatory requirements. The ideal candidate should possess strong numerical abilities, experience in data analysis, and proficiency in MS Excel. A degree in Mathematics or a related field is mandatory, and prior knowledge of UK Defined Benefit Pensions is desirable. This role offers a collaborative team environment with opportunities to develop skills.

Qualifications

• Experience investigating data problems independently.
• Ability to deliver to deadlines.
• Knowledge of UK Defined Benefit Pensions is a plus.

Responsibilities

• Support pricing model development for annuity business.
• Analyze policyholder data for pricing.
• Support valuation and reporting requirements.

Skills

Highly numerate

Experience in data analyses

Excellent knowledge of MS Excel

Good communication skills

Ability to manage own time

Able to handle multiple tasks

Education

Degree in Mathematics or other maths based subject

Tools

MS Excel

MS Word

Job description

To work as a member of the Pricing team undertaking a variety of different tasks to enable the department to meet its objectives as agreed by the Head of Pricing including:

• Supporting the development and maintenance of pricing models for annuity business, including bulk annuities that adhere to our risk tolerances and are scalable for future growth.
• Supporting the preparation and analysis of policyholder data for pricing, including methods and assumptions for addressing gaps in data.
• Experience investigations for factors affecting pricing assumptions.
• Supporting the valuation, including Solvency II, UK GAAP and IFRS17 reporting.
• Provide appropriate support to others within the team and across the organisation to implement recommendations/facilitate change to support the requirements of the business.
• Ad hoc tasks as required
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
• Notify the regulator(s of matters reasonably expected to be notified.

Core Competencies

Mandatory

• Highly numerate
• Experience in data analyses and ability to investigate data problems independently.
• Excellent knowledge of MS Excel and Word.
• Good communication skills, with the ability to propose solutions and be able to work independently requesting support where needed.
• Ability to manage own time and deliver to deadlines.
• Able to handle multiple tasks simultaneously seeking support where appropriate for prioritisation.

Desirable

• Knowledge of UK Defined Benefit Pensions and reinsurance structures.
• Understanding of actuarial concepts related to annuity pricing and valuation.

Experience and qualifications

Mandatory

• Degree in Mathematics or other maths based subject.

Desirable

• Studying towards the FIA qualification or given up exams – happy to consider applicants with suitable experience who are no longer studying towards qualification.
• Experience of working in a team in an office environment.