Actuarial Analyst

IDEX Consulting Ltd; Scotland; On-site; GBP 25,000 - 38,000; Full time

Job summary

IDEX Consulting Ltd is seeking an aspiring actuary to join its Actuarial and Investment team in the UK. You will liaise with internal colleagues and clients, develop actuarial models, and prepare reports and presentations for trustees, employers and members.

You will gain exposure to directors, work on diverse client portfolios, and develop specialisms while building your knowledge of Defined Benefit pension schemes and regulatory considerations. Hours: 37.5 per week.

Qualifications

• 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.

Responsibilities

• Liaise with clients and internal colleagues to provide proactive, timely service focused on client needs.
• Develop tailor-made actuarial solutions using critical thinking and creativity.
• Demonstrate strong communication by presenting at client meetings and drafting reports.
• Become proficient with bespoke in-house software to assess risks and develop suitable client solutions.
• Prepare actuarial and member benefit calculations and create actuarial models for diverse client requirements.
• Assess the impact of changing demographics or legislation on pension schemes and market effects on organisations.
• Draft client reports and presentations to support decision-making in pension arrangements.
• Support the Pension Protection Fund as part of Specialist Administration and Actuarial Services Panel.
• Contribute to internal projects to improve processes and service propositions.
• Develop specialisms over time and deepen understanding of UK Defined Benefit schemes and regulatory environments.

Skills

Communication skills

Team collaboration

Analytical thinking

Education

Honours degree (2:1) or above

A Levels (Mathematics B or above) or equivalent

Tools

Microsoft Word

Microsoft Excel

Job description

Pension actuarial, consulting, investment consulting and administration services that provide simply smarter solutions for trustees, employers, and members.

Job Summary

You will liaise with internal colleagues, and clients from a diverse range of industries and sectors. You will get direct exposure to working with the directors of the business and the opportunity to really make your mark in a growing organisation.

Job Description

As part of the 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 the bespoke in-house software, to assist you to consider the risks to our clients and develop appropriate solutions that meet 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 work with the Pension Protection Fund as a member of its Specialist Administration and Actuarial Services Panel
• Support internal projects as they seek to continually improve processes and develop service proposition
• Over time, develop specialisms in the areas that interest you to positively impact the way in which they work and deliver
• Developed understanding of the industry, UK Defined Benefit Pension Schemes and the regulatory environment in which the client operates
• 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

Circumstances

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