Actuarial Analyst

Spence; Belfast City District; On-site; GBP 33,000 - 42,000; Full time

Job summary

Spence is seeking an Actuarial Analyst to join our Actuarial & Investment team in Belfast. You will support a diverse client base including trustees and sponsoring employers, providing actuarial advice and technical support within the pensions sector.

You will engage with mentors, follow a structured development plan, and gain exposure across our business while building actuarial credibility in a growing consultancy.

Qualifications

• Eligiblity to work in the UK.
• Honours degree (2:1 or above).
• A Levels Mathematics (B or above).
• Excellent IT skills with Microsoft Word and Excel.
• Experience of working proactively and using your own initiative.
• Excellent verbal and written communication skills.
• Understanding of UK Defined Benefit Pension Schemes and regulatory environment.

Responsibilities

• Provide actuarial support to a portfolio of clients with timely, client-focused service.
• Use creativity and critical thinking to develop tailor-made solutions.
• Communicate effectively with clients through regular meetings and presentations.
• Utilise Mantle to assess client risks and develop appropriate solutions.
• Prepare actuarial and member benefits calculations and models.
• Assess impact of demographics, legislation and market changes on pension schemes.
• Draft reports and presentations for client decision-making.
• Support Pension Protection Fund engagement as part of the Specialist Administration and Actuarial Services Panel.
• Contribute to internal projects to improve processes and service propositions.
• Develop specialisms over time to positively impact ways of working.

Skills

Analytical thinking

Communication skills

Proactive problem solving

Initiative and self-motivation

UK work eligibility

Education

Honours degree (2:1 or above)

A Levels Mathematics (B or above)

Tools

Mantle

MS Word & Excel

Job description

Actuarial Analyst

Department: Actuarial & Investment - Actuarial

Employment Type: Permanent - Full Time

Location: Belfast

Description

About You

As an Actuarial Analyst, you will be an integral part of our Actuarial and Investment Team, providing an important contribution to a wide range of work within the pensions sector. This role is an exciting opportunity to grow your ability to provide actuarial advice and technical support to a diverse range of clients, including the trustees and sponsoring employers of pension schemes, the Pension Protection Fund and also Charity/Not for Profit organisations. You will be working in a challenging and supportive environment as part of a growing, innovative pensions consulting firm.

To support your development in our company and our industry, you will collaborate with our team to create a personal development plan. A structured training plan will help you grow your knowledge and drive your career. As part of your training, you will be given the opportunity to be exposed to all aspects of our Business acquiring a breadth of knowledge and experience that will enable you to become a credible and effective Actuarial professional.

You will liaise with colleagues throughout our office locations and work on clients from a diverse range of industries and sectors. You will get direct exposure to working with the directors of our business and the opportunity to really make your mark in a growing organisation.

Responsibilities & Criteria

As part of our Actuarial and Investment team, you will:

• For a portfolio of clients, help provide a service that is proactive, timely and fully focused on the needs of the client and maintains the excellent reputation that has been established by our impressive team
• Be encouraged to use your creativity and critical thinking to come up with tailor-made solutions to unique problems
• Demonstrate excellent communication skills through regular interaction with clients, including attending and presenting at client meetings
• Become proficient in the use of our bespoke in-house software, Mantle, to assist you to consider the risks to our clients and develop appropriate solutions that meet our client's needs
• Prepare actuarial and member benefit calculations, creating actuarial models to address a diverse range of client requirements
• Assess the impact of changing demographics or legislation on pension schemes and the effects that changes in financial markets have on different organisations
• Draft reports and presentations to clients in support of their decision making in managing their pension scheme arrangements
• Support our work with the Pension Protection Fund as a member of its Specialist Administration and Actuarial Services Panel
• Support internal projects as we seek to continually improve our processes and develop our service proposition
• Over time, develop specialisms in the areas that interest you to positively impact the way in which we work and deliver

Essential Criteria

• Eligibility to work in the UK
• An honours degree at 2:1 level or above
• A Levels, or equivalent - Mathematics at Grade B or above
• Excellent IT skills and competent in Microsoft packages, e.g. Word and Excel, with an aptitude for learning other systems
• Experience of working proactively and using your own initiative to complete tasks
• Excellent verbal and written communication skills
• Developed understanding of the industry, UK Defined Benefit Pension Schemes and the regulatory environment in which we operate

Circumstances

Working hours: Monday to Friday, 37.5 hours per week with additional hours as and when required.

The role holder may be at times required to travel to other UK locations.

All roles are subject to a six-month probationary period and all prospective employees are required to complete background screening to cover all locations.

As part of the pre-hire process the successful candidate will be subject to reference checking and background security vetting.

Applying with a disability or long-term health condition?

As part of our belief that we benefit from the differences among us we are committed to increasing the representation of disabled colleagues and want to remove any barriers or challenges that get in the way of candidates with a disability or long-term health condition from applying to work with us. As part of this commitment, we guarantee to automatically interview anyone with a disability who meets the minimum criteria.

If there is support or an adjustment that we can provide to enable you to be at your best during the recruitment and selection process, we encourage you to advise us in good time so that we may make suitable arrangements. We understand that being open with us may feel uncomfortable so please only share with us the information that you are comfortable to share, and rest assured that we will use this only to provide you with the right support. Any information you give us will be treated completely confidentially. To discuss this further please call 028 9041 2000 and ask to speak to a member of the People & Culture team.