Actuarial Consultant (Pensions)

What are we looking for in our Actuarial Consultant (Pensions)?

In the Actuarial Consultant role you will assist Scheme Actuaries, Senior Actuarial Consultants and Actuarial Analysts in the provision of advice to a portfolio of pension scheme clients. The main focus is on Trustee work, but there will also be some work on assisting pension scheme sponsors.
You will provide and present actuarial advice to trustees of defined benefit pension schemes as required by the pension scheme’s documentation and any statutory requirements other than where the Scheme Actuary is required to provide such advice (if not appointed as the Scheme Actuary). This will include all aspects of actuarial valuations including working with our Actuarial Technical Centre that carries out the actuarial calculations.

Job Description:

Key duties / responsibilities

• Providing support to the lead Actuary
• Preparing/reviewing advice on actuarial factors including transfer value bases
• Advising Trustees on all aspects of liability management exercises initiated by a scheme sponsor
• Advising on de-risking exercise including buy-ins, buy-outs and help set de-risking investment triggers together with the trustees’ investment consultants
• Attendance at client meetings
• Involvement in new business pitches
• Supporting revenue targets by identifying/proactively seeking out-of-scope /add-on work within the actuarial practice
• Drafting and monitoring of budgets for complex tasks, along with involvement in billing and budgeting
• Involvement in technical subcommittees or leading on small initiatives, including presenting at internal or external seminars
• Preparing accounting disclosures (FRS102/IAS19/US GAAP)
• Working closely with junior team members to enable their growth
• Keeping abreast of technical, legislative and demographic developments affecting pension schemes,

What are we looking for

Qualifications

• A qualified actuary or close to being qualified through the Institute and Faculty of Actuaries’ exams (full study is available to complete your studies if required) or qualified by experience (i.e. stopped taking exams)
• A minimum of 5 years’ experience in a pensions consulting/technical environment

Skills required

Essential 

• Industry specific knowledge 
• Good communication skills 
• Ability to work flexibly and able to work under pressure 
• Proactive  

 Desirable 

• Knowledge of PFaroe actuarial consulting software

Rate/Salary: 80000