Annuity ALM Specialist
Core
Annuity Asset Liability Management (ALM) specialist supporting compliance, strategic planning, and asset strategy for Matching Adjustment (MA) portfolios and new business propositions.
Role type
Senior IC Actuarial/Asset Liability Management Specialist
Builds
MA portfolio compliance frameworks, asset strategies, and new business propositions for annuity products
Domain
Insurance / Actuarial Valuation / Asset Liability Management
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work
Required skills
Actuarial valuation, Solvency UK regulation, IFRS 17, Matching Adjustment (MA) compliance, asset strategy, portfolio management, regulatory reporting, stakeholder management, complex financial analysis, governance and risk management
Preferred skills
Matching Adjustment portfolios experience, annuity business knowledge, with-profits business understanding, Pensions Risk Transfer experience, BPA+ framework knowledge
Technologies
Solvency UK, IFRS 17, UK GAAP
Responsibilities
Develop comprehensive understanding of assets underpinning annuity business to support investment decisions and portfolio strategy; Maintain MA compliance through operation, maintenance, and enhancement of the MA process including controls and documentation; Support Pensions Risk Transfer team in delivering new business ambitions and developing innovative propositions; Shape asset strategy for annuity business considering MA constraints, capital, and liquidity; Contribute to the development of governance and controls for BPA+ with-profits proposition; Respond to regulatory, balance sheet, and market developments affecting annuity portfolios
Seniority
Senior, hands-on IC