Pension Risk Transfer (PRT) Pricing Manager (Post-Transaction)

Job Type: Permanent 
Location: This role will be based in our London office with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here.
Salary and Benefits: from £100,000 - £140,000 (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Join Standard Life's expanding Pension Risk Transfer (PRT) business and be part of one of the most exciting growth stories in the UK retirement market. Backed by a recently announced £2bn capital commitment and a bold vision for future growth, we're investing in our people, capabilities and market presence as we support an increasing number of pension schemes through complex de-risking journeys.

As our business continues to grow, Post-Transaction Pricing plays an increasingly important role in delivering strong customer outcomes, robust governance and operational excellence throughout the lifetime of our contracts. This is an exciting opportunity to lead that capability and help shape its future development within a rapidly expanding business.

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

The Opportunity

This is an exciting opportunity to join our Pension Risk Transfer team as a Post-Transaction Pricing Manager.

You will lead our Post-Transaction Pricing (PTP) activity, overseeing transaction pricing for existing PRT clients and ensuring the effective application of the bulk annuity pricing basis to deliver accurate and timely pricing in support of post-transaction servicing.

As the technical lead for PTP, you will be responsible for the ongoing development of the PTP operating model, oversight and sign-off of bulk annuity pricing, development of post transaction pricing methodologies, and the effective use of technology. Working closely with colleagues across the PRT Deal Team, Client Services, Risk and Audit, you will help drive operational excellence, strong customer outcomes and a robust control environment.

Key Responsibilities

Lead Post-Transaction Pricing activity

• Lead the ongoing development and management of the Post-Transaction Pricing operating model.
• Oversee Post-Transaction Adjustments and associated governance, ensuring activity is delivered accurately and efficiently.
• Lead engagement with Client Services regarding data cleanse adjustments, benefit augmentations, GMP equalisation implementation, and residual risk cases.
• Identify opportunities to improve the efficiency, scalability and customer outcomes of Post-Transaction Pricing activities.
• Manage the end-to-end process for communicating post-transaction pricing adjustments, augmentations and data cleanse outcomes to Finance, supporting investigation and resolution of any queries arising from financial reporting, reserving or accounting impacts.
   

Pricing oversight and basis development

• Review and sign off bulk annuity pricing, ensuring adherence to the agreed pricing basis.
• Work with the PRT Deal Team and wider business to maintain and develop pricing methodology.
• Provide technical and commercial leadership for all pricing activities arising after PRT transaction execution, whilst influencing the design and delivery of new business propositions to ensure they can be effectively implemented throughout the lifetime of the contract.
   

Governance, technology and supplier management

• Lead engagement with Risk and Audit functions, including audit compliance and oversight activities.
• Support the implementation, development and ongoing management of technologies used by the PRT Deal Team.
• Ownership of benefit specification and contractual pricing governance, ensuring that post-transaction benefits, contractual changes and pricing outcomes are accurately reflected in legal documentation, operating processes and customer communications.
   

Leadership and collaboration

• Support resource planning and prioritisation across the PRT Deal Team alongside PRT Transaction Managers.
• Work closely with PRT Deal Team Senior Leadership to deliver team priorities and continuous improvement initiatives.
• Lead, coach and mentor team members, supporting their development and helping to build a high-performing team.
   

What are we looking for?

We are looking for an experienced pensions or insurance professional with strong technical knowledge of bulk annuity pricing and post-transaction activities.

You will have experience of working with complex pension liabilities and pricing methodologies, together with a strong understanding of the governance and controls required to support PRT transactions.

You will be comfortable working across multiple stakeholder groups, including the Deal Team, Client Services, Finance, Risk, Audit and third-party suppliers. You will combine strong technical expertise with sound judgement, helping to drive improvements in pricing methodologies, post-transaction processes and operational efficiency.

Experience leading teams and developing colleagues is essential, alongside a collaborative approach and a commitment to delivering high-quality customer and commercial outcomes.
 

Personal Attributes
This role would suit someone who is;

• Technically strong, with experience of bulk annuity pricing and complex pension liabilities. 

• Detail-oriented, with a focus on accuracy, governance and risk management. 

• Commercially aware, balancing technical requirements with customer and business outcomes. 

• Collaborative, building effective relationships across teams and functions. 

• Improvement-focused, identifying opportunities to enhance pricing methodologies, processes and technology. 

• Organised and proactive, able to manage competing priorities and deliver high-quality outcomes. 

• A supportive leader, focused on developing colleagues and contributing to a high-performing team culture.

Qualifications & Certifications

• Fellow of the Institute and Faculty of Actuaries.
• Applicants will ideally hold a university degree, or equivalent qualification, in a relevant field.
   

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. 

 If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. 

We’re reviewing applications as they come in, so apply early to avoid missing out.

Find out more about working at Standard Life

• Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates
• Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us #LI-SC1