Actuarial Consultant

1 month ago


Redditch, Worcestershire, United Kingdom Broadstone Full time

Role Overview

The Actuarial team at Broadstone provides a comprehensive range of actuarial and defined benefits pension consultancy services to pension scheme trustees, scheme sponsors, and other third parties. The team also offers non-pensions actuarial analysis and advice to other parts of the firm.

Key Responsibilities

  • Liaise with Investment Management colleagues, Broadstone colleagues, external third-party administrators, and clients to ensure seamless collaboration and effective communication.
  • Attend external meetings with senior colleagues to represent the team and provide expert advice.
  • Engage in direct client communication via email or telephone to build strong relationships and provide exceptional service.
  • Ensure all work is carried out in accordance with Broadstone standards, adhering to relevant laws, regulations, and professional standards.
  • Review data preparation work carried out by junior colleagues, investigate abnormalities, and resolve issues promptly.
  • Conduct and review technical calculations relating to individual members of pension schemes, including early/late retirement quotations, trivial commutations, and transfer values.
  • Perform and review technical calculations for pension schemes, including actuarial valuations, preparation of accounting disclosures under FRS 102, IAS 19R, and either ASC 715 or US GAAP.
  • Suggest improvements to current working practices to enhance operational efficiencies and contribute to the team's continuous improvement.

Technical Knowledge and Professional Qualifications

  • Hold passes in several actuarial exams, with a strong aptitude to continue progress towards part qualification as FIA or FFA.
  • Develop a working knowledge of the basics of actuarial valuations, accounting disclosures under FRS 102, IAS 19R, and either ASC 715 or US GAAP.

Key Skills

  • Demonstrate high numeracy and literacy skills.
  • Display the ability to absorb technical information quickly and effectively.
  • Exhibit strong team-working and communication skills.
  • Show proficiency in computer literacy, including familiarity with Microsoft Word, Excel, and PowerPoint.

Overarching Obligations

  • Adhere to all relevant laws, regulations, and Broadstone Policies & Procedures.
  • Achieve a good standard of ethical behavior, doing the right thing at all times.
  • Comply with all relevant professional standards.

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