Pricing Analyst

Job description

We are recruiting for a Pricing Analyst tojoin our Bulk Purchase Annuities & Equity Release Team within Aviva.

The Pricing Analyst will be working with a multi-disciplined team of professionals, on a portfolio of high-value transactions and have a real opportunity to make a difference for our clients who are seeking to de-risk their defined benefit pension scheme.

Duties & Responsibilities:

• Supporting Senior Pricing Analysts and Pricing Managers in the development and implementation of de-risking solutions for defined benefit pension schemes.  The role holder will work across a range of pension scheme sizes, with the opportunity to work on some of the largest and most complex transactions in the market.
• Take ownership of manipulating scheme data, manging associated queries, carrying out mortality experience investigations and producing accurate cashflow projections in order to price bulk annuity deals.
• Collaborating with other teams across the Aviva network to ensure accurate allowance of key components which form part our pricing strategy.
• Ensuring deal prices are accurate and commercially priced in line with Aviva pricing and governance processes and delivered to agreed timescales.
• Supporting the preparation of internal governance documentation and presentation materials.
• Challenging, influencing and developing processes and systems. 
• This role will require flexible working hours due to the nature of this business.

Skills & Experience required:

• Part qualified actuary making excellent progress through the exams or equivalent actuarial/technical experience. Full study support will be provided to those progressing towards an FIA qualification.
• Strong knowledge of UK Defined Benefit pensions and legislation.
• Experience of bulk annuity modelling and pricing an advantage; more general knowledge of actuarial cash flow modelling and experience of sense checking essential.
• Proven ability to apply technical actuarial and commercial judgement.
• Strong communication skills; ability to present technical information clearly and build relationships with internal/external customers.
• Strong personal drive; to challenge and influence processes and ensure we deliver great outcomes for clients.

What will you get for this role?

• Salary of £35,000 to £50,000 depending on skills, experience and qualifications.
• Generous defined contribution pension scheme.
• Annual performance related bonus and pay review.
• Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days.
• Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family. (Some exclusions apply)
• Excellent range of flexible benefits to include a matching share save scheme.

Oh and by the way…

At Aviva we always ‘Care More’. It’s our thing. We’re all about our people – that’s you – so we can be pretty flexible. If you need to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we’re very open to that. We’ll even try to bend work around your further studies or hobbies where we can.

We care deeply about welcoming people no matter where they’re from, how old they are or what disability they have. We encourage applications from every age, race, ethnicity, disability, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or caring responsibility. We want our employees to bring their whole self to work and that starts with you.

As part of that we interview every disabled applicant* that meets the minimum criteria for the job. Just send us an email once you’ve applied and we’ll make sure we interview you.

If you like the sound of all that, we’d love it if you could submit your application online. If you need an alternative method of applying, please give Alice Neal a call on: 0121 200 5926 or ping them an email at: alice.neal@aviva.com.

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you must provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.