Director Pricing Actuary
Director Pricing Actuary
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Job Description
Location
London One Canada Square Level 26Business Wealth Solutions
Blumont Annuity Company UK (BAC UK)is a life insurance company with a primary focus on the pension risk transfer market in which buyout and buyin bulk purchase policies are sold to defined benefit pension plans in the UK. The company was authorized by the PRA on 10 March 2025 and is regulated by the FCA and PRA under FRN.
BAC UK launched on 25 March 2025.
BAC UK is wholly owned byBrookfield Wealth Solutions.(BWS). BWS is a leading insurance and reinsurance business focused on providing capitalbased solutions to insurance companies and their stakeholders. Through its operating subsidiaries American National American Equity North End Re and Brookfield Annuity WS provides annuitybased reinsurance products to insurance and reinsurance companies and acts as a direct issuer of pension risk transfer products for pension plan sponsors.
Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a longterm focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description
Director Pricing Actuary
Blumont Annuity Company UK (BAC UK) is a life insurance company with a primary focus on the pension risk transfer market in which buyout and buyin bulk purchase policies are sold to defined benefit pension plans in the UK. The company is currently undergoing the licensing process with the PRA and FCA and expects to become authorized to commence life business in the UK in Q1 2025.
BAC UK is wholly owned by Brookfield Wealth Solutions. (BWS). BWS is a leading insurance and reinsurance business focused on providing capitalbased solutions to insurance companies and their stakeholders. Through its operating subsidiaries American National American Equity North End Re and Brookfield Annuity WS provides annuitybased reinsurance products to insurance and reinsurance companies and acts as a direct issuer of pension risk transfer products for pension plan sponsors.
BAC UK is hiring a Senior Associate or Director for the Pricing & Deal Structuring team. This role will report to the Chief Origination Officer.
Responsibilities:
Pricing of new BPA deals including reviewing benefit specifications and scheme data recommending pricing assumptions and analysing results.
Identify any nonstandard pricing features and recommend an appropriate pricing methodology
Prepare RFQ responses on deals including all structuring of bespoke solutions for schemes where this is required to facilitate a transaction
Preparing pricing packs and presenting deals to the Senior Management Committee for approval
Proactively engage with the risk function on deals to support the approval process
Required Skills and Experience:
Qualified actuary with 510 years PQE experience
Experience in pricing of UK BPA deals
Insurance sector experience and knowledge of UK pensions/ bulk annuities
Excellent critical thinking and analytical skills with the ability to collect organize analyse and disseminate information with attention to detail and accuracy
Ability to multitask prioritize deliverables and work well under pressure and deadlines
Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills
Works well in a teambased environment
Strong oral and written communication skills
Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly we do not tolerate workplace discrimination violence or harassment.
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position however only candidates selected for prescreening will be contacted.Required Experience:
Director
Employment Type
Full-Time
