Senior Actuarial Consultant

1 month ago


Redditch, United Kingdom Broadstone Full time

The vacancy

Role Purpose

The Actuarial team provides a broad range of actuarial and defined benefits pension consultancy services to pension scheme trustees, scheme sponsors and other third parties. The team also provides non-pensions actuarial analysis and advice to other parts of the firm. The role involves working jointly with colleagues in Investment Management, Broadstone and other third parties.

Responsibilities may include reviewing data prepared by colleagues or other third parties, preparing and reviewing calculations, preparing and reviewing letters and reports for review by senior colleagues. The role will also involve aiding the development of less experienced colleagues. You will also work with consultants to assist in the account management of clients to develop your “softer” skills.

Key Accountabilities

Liaising with Investment Management colleagues, Broadstone colleagues, external third party administrators, and clients Attendance at some external meetings together with a senior colleague Some direct client communication via email or telephone Ensuring all work is carried out in accordance with Broadstone standards Reviewing data preparation work carried out by junior colleagues, and investigating and resolving abnormalities as appropriate Carrying out and reviewing technical calculations relating to individual members of pension schemes for review by colleagues, early/late retirement quotations, trivial commutations, transfer values Carrying out and reviewing technical calculations relating to pension schemes for review by colleagues, actuarial valuations, preparation of accounting disclosures under FRS 102, IAS 19R and either ASC 715 or US GAAP Suggesting changes to current working practices to improve operational efficiencies

Technical Knowledge and Professional Qualifications

Passes in several actuarial exams, close to part qualification as FIA or FFA Aptitude to continue progress with actuarial exams Working knowledge of the basics of actuarial valuations, accounting disclosures under FRS 102, IAS 19R and either ASC 715 or US GAAP

Key Skills

Highly numerate and literate Ability to readily absorb technical information Strong team-working and communication skills 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 behaviour, do the right thing at all times Comply with all relevant professional standards

Comply with the FCA’s requirements in relation to Conduct Risk & Treating Customers Fairly



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