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Actuarial Assistant

2 months ago

Greater Guildford Area, United Kingdom IDEX Consulting Ltd Full time

Job Summary

IDEX Consulting Ltd is seeking an experienced Actuarial Assistant to join our team in a specialist role focused on insurance pricing in pensions. As an Actuarial Assistant - Insurance Pricing Specialist, you will be responsible for carrying out cashflow valuations of funds, preparing data and actuarial bases, and producing complex actuarial models and calculations.

Key Responsibilities

  • Carry out cashflow valuations of funds considering buyout/buy-in insurance contracts
  • Be involved in data and actuarial bases preparation using in-house standard approaches and the use of (MS-based) in-house developed software
  • Produce complex actuarial models and calculations (Individual benefit and transfer value calculations)
  • Develop a basic understanding of relevant technical issues, including scheme documentation, the supporting regulatory framework as well as TASs and Codes of Practice
  • Report to the team leader where tight deadlines and/or budgets have been imposed
  • Prioritise and plan personal workflow

Requirements

  • Previous experience in pensions valuations is required
  • Strong IT skills, expertise in MS Excel is essential
  • Good analytical skills and ability to work through tasks in a logical manner
  • A keen interest in actuarial concepts
  • A high level of numeracy
  • Ability to work well under time pressure and communicate findings with clarity will be necessary attributes
  • An inquisitive and analytical mind
  • Outstanding accuracy and attention to detail
  • Excellent written and verbal communication
  • Highly organised with the ability to prioritise effectively
  • Broad understanding of how the UK pensions schemes operate, with an understanding of the UK Pensions Act with the ability to interpret rules and awareness of what they mean for client work