Out Client is currently looking for a talented and ambitious Actuarial Analyst or Actuarial Consultant, who has experience with Guaranteed Minimum Pension (GMP) Equalisation work and is keen to develop their career. This is an opportunity to join an established centre of excellence, specialising in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market.
If you would like some further information on this role please get in touch.
Responsibilities:
- Working as part of a team on complex defined benefit modelling and GMP equalisation using advanced actuarial skills and techniques, specialising in complex UK pension solutions.
- Carrying out non-standard scheme benefit calculations, and involvement in wider actuarial work including GMP equalisation and conversion calculations.
- Assist administration teams in understanding data requirements and complex new benefit structures that arise as a result of GMP equalisation.
- Checking and reviewing technical accuracy on work of all complexities across services and non-standard projects.
- Contribute to continuous improvement by developing and delivering knowledge sharing / training / process improvement initiatives and co-ordinate new process roll outs across locations.
- Develop expertise in excel, VBA and in-house technology enabling high quality IT and product solution development.
- Managing client work across multiple services with a focus on agility, allowing scalability and adaptability in the services and solutions we provide.
- Assist in managing the transition of new work streams from other lines of business.
Skills and experience required:
- Educated to degree level in a numerical or semi-numerical degree.
- A strong understanding of how UK pensions schemes operate.
- Strong analytical, numerical and critical thinking skills, including a good understanding of actuarial approaches for pensions.
- A good understanding of GMP Equalisation ruling and how this applies to DB pension schemes
- Experience of working on individual member calculations, particularly benefit correction, GMP Rectification or Equalisation.
- Experience of carrying out specialised technical checks on other colleague’s work.
- Ability to work as part of a team and within a collaborative environment.