Actuarial DB Calculations Specialist

Actuarial Defined Benefit Calculations Specialist

Location:
London or Reigate

Contract:
Permanent

Hours: 35 hours

Purpose

This actuarial role is key to support the growth and development of the DB area and primarily our member experience activities. The purpose of this role is to assess calculation requirements, provide technical support and guidance alongside completion of member options calculations utilising varying inputs required.

This role will also involve working collaboratively to develop capabilities and test bespoke, automat ed member option tools within the DB Business.

The role holder will also be able to provide other actuarial calculations which may include, but not limited to, new business and true up activities to support our growth agenda.

Key responsibilities

• Provide calculation support for standard and non-standard member option calculations which require actuarial referral
• Test and sign off the onboarding of new schemes onto our automated member option tools.
• Act as an actuarial defined benefit subject matter expert to assist with queries from the wider Operations function and with new scheme triage
• Development and refinement of features of our member option calculation tools.
• Ongoing updates to tools for market conditions and basis changes
• Ongoing monitoring of our member options basis
• Support the development of junior staff.

• Experience gained in within an actuarial team in a DB Pensions consultancy, Life insurer or equivalent
• Experience in the bulk annuity market or within a pensions consultancy.
• Defined benefit experience is essential.
• Coding experience is desirable but not essential, for example in Julia, Python and/or VBA.
• Part/newly/nearly qualified Actuary or not qualified/taking exams but has the required equivalent experience.

What ’s in it for you

• A competitive salary, pension scheme and life assurance
• 25 days annual leave plus an additional day on us for your birthday
• Private medical cover and income protection, just in case
• A generous and highly achievable bonus scheme
• Opportunities to progress your career in-role and within the company
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
• A variety of employee funded benefits available via our online benefits portal
• Plus, several additional purchase options available for you and your loved ones