Senior Actuarial Analyst GMP

1 week ago

England, United Kingdom The Actuary Group Full time

TAG is currently seeking Senior Actuarial Analysts on behalf of our client, a leading consultancy looking to expand its GMP team. Working alongside employers, trustees and financial services institutions, our client offers pensions, investments, benefits, and risk consulting services, as well as data and technology solutions.


Our client is committed to developing its people and encourages everyone to carve out their own career path by offering the chance to develop new skills and explore new passions.


Our client thrives on tackling complex problems. They believe those problems are best solved by diverse teams – diverse in skills, approaches, and backgrounds. Their independence lets their people be themselves and think freely, while working in a collaborative, supportive environment.


Our client loves innovative, independent thinking and wants everyone to share their ideas. Their hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment - meaning flexible working patterns to accommodate individual needs.


High level overview of role:


You will provide an efficient, high-quality service to client teams using your technical actuarial skills to enable high quality delivery of GMP equalisation projects for UK defined benefit pension scheme clients.


Your role will include checking technical calculations, providing technical expertise and support to client teams, and coaching and managing less experienced members of the team.


Our client has a growing technical actuarial team. Whilst the near-term focus of your role will be on GMP equalisation projects, over time the plan would be to incorporate similar technical project work into your role over time and as the demand for specific GMP work reduces.


Key responsibilities will include:


Client Delivery:

  • Helping enable the delivery of GMP equalisation projects to meet a high-quality standard of service for clients.
  • Providing technical specialist expertise working collaboratively alongside a client team. Work collaboratively in the preparation of calculations and related advice including checking calculations undertaken by more junior team members.
  • Ability to work independently to proactively resolve complex cases and queries relating to pension scheme specific features stemming from GMP equalisation.
  • Ability to explain and resolve technical matters for the client team.
  • Encouraging effective communication within client teams and our technical team to
  • support the delivery of GMP equalisation projects.


Working Practices:

  • Develop internal networks.
  • Provide leadership, role modelling and mentoring to members of the client team and the technical team.
  • Managing the delivery of GMP equalisation projects efficiently and in line with agreed utilisation and recovery objectives.
  • Prepare work that meets professional and internal requirements, seeking advice from colleagues where needed. Present work in a clear and understandable manner to colleagues as required.
  • Contribute as required and adhere to the development of internal quality procedures to continually raise quality standards. Ensure that all work is undertaken in a rigorous and methodical manner consistent with professional requirements and that comprehensive audit trails are maintained.
  • Adhere to the firm’s Information Security standards, policies, and procedures.
  • Deliver work in a timely, efficient way. Where necessary, this may include liaising with team leaders if there are conflicting demands on team member’s time.
  • Responsible for careful and timely time recording against appropriate client and job codes.
  • Keep up to date with developments in relevant pensions legislation and best practice.
  • Participate as requested in preparing technical material for colleagues.


Skills and Qualifications Required:


Qualifications:


Relevant pensions experience. Our client is open to candidates who are taking exams as well as those who have decided not to take exams.


Technical skills:

  • Have a good understanding of valuing UK pension schemes defined benefits.
  • Strong technical actuarial skills and a preference to work on technical actuarial matters.
  • Preference for candidate with GMP equalisation calculation experience, or knowledge of other similar technical actuarial calculations and ability to build up expertise in the near term.
  • Working knowledge of the legislative framework for UK pension schemes, including treatment of GMPs.
  • Aptitude in working with detailed actuarial calculation models

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