Pension Risk Transfer (PRT) Transaction Manager

Phoenix Group
London
Workplace: HybridFull timeGBP 100,000 - 140,000 annuallyFunction: Legal, Risk & ComplianceEducation: certificationSkills: ["Commercial judgement","Relationship management","Risk management","Accurate execution","Mentoring/coaching"]

Lead pricing, negotiation, and execution of small and medium-sized Bulk Purchase Annuity transactions, owning deal management through contract completion. Support senior colleagues on larger deals and apply actuarial expertise to ensure accurate pricing, robust governance, and effective risk management. Partner closely with trustees, sponsors, advisers, and internal stakeholders, communicate technical insights clearly, and coach more junior actuarial colleagues and trainees.

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Phoenix Group
Phoenix Group
5 days ago

Pension Risk Transfer (PRT) Transaction Manager

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Job Summary

Lead pricing, negotiation, and execution of small and medium-sized Bulk Purchase Annuity transactions, owning deal management through contract completion. Support senior colleagues on larger deals and apply actuarial expertise to ensure accurate pricing, robust governance, and effective risk management. Partner closely with trustees, sponsors, advisers, and internal stakeholders, communicate technical insights clearly, and coach more junior actuarial colleagues and trainees.
Location: London
Workplace: Hybrid
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Manager level

Key Responsibilities

  • •Lead transaction execution and commercial decision-making for small and medium-sized Bulk Purchase Annuity deals through contract completion.
  • •Manage deal pricing, negotiation, and execution; coordinate activity across relevant workstreams and ensure quality and accuracy of pricing.
  • •Deliver robust risk management and governance, including audits, documentation, and annual reviews.
  • •Act as an actuarial subject matter expert, providing technical input on pension liabilities, benefit structures, and BPA pricing to support strategic priorities.
  • •Build trusted relationships with trustees, sponsors, advisers, and internal stakeholders; communicate complex technical information clearly and mentor actuarial trainees/analysts.

Pay and Benefits

Salary: GBP 100,000 - 140,000 annually
Perks:Private MedicalAnnual LeaveLife AssurancePensionIncome ProtectionVolunteering Days

Key Requirements

  • •Experienced pensions professional with a strong track record leading and managing the execution of Bulk Purchase Annuity transactions (or similar).
  • •Strong technical expertise valuing pension liabilities and working with complex pension benefit structures.
  • •Experience working directly with trustees, sponsors, and advisers to UK Defined Benefit pension schemes (insurer or DB pensions consultancy).
  • •Commercially minded and comfortable overseeing pricing, applying commercial judgement, and making decisions in a fast-moving transaction environment with robust governance.
  • •Fellow of the Institute and Faculty of Actuaries; applicants ideally hold a university degree (or equivalent) in a relevant field.
Education:Certification / Diploma in relevant field
Skills:Commercial judgementRelationship managementRisk managementAccurate executionMentoring/coaching
Certifications:Fellow of the Institute and Faculty of Actuaries

Company Brief

Phoenix Group
A UK long-term savings and retirement business operating brands including Standard Life, SunLife, Phoenix Life and ReAssure, managing pensions, annuities and wealth solutions with c.12 million customers and large assets under administration.
Industry: Wealth Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1782
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Glassdoor: 3.8
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