Actuarial Analyst (Pensions)

XPS Group; Reading; Hybrid; GBP 42,000 - 64,000; Full time

Benefits offered by this job

Salary + bonus

25 days holiday

Pension matching

Healthcare

Life assurance

Retailer discounts

Flexible benefits

Volunteer days

Referral bonuses

Job summary

XPS Group in Reading is seeking Actuarial Analysts to join our Pensions Technical Team. You’ll support the wider Actuarial Team, performing technical calculations for a range of pension-related work with on-the-job training to grow your knowledge quickly.

The role focuses on data analysis, calculating pension scheme benefits, and producing written client advice. You’ll collaborate across departments and help develop efficient internal processes.

Qualifications

• Broad understanding of how UK pensions schemes operate and how to value pension scheme benefits for different purposes.
• Excellent planning skills with the ability to prioritise and complete work in accordance with deadlines.
• Experience with large datasets and actuarial software.
• Strong IT skills with good working knowledge of MS Office suite of products, in particular Excel.

Responsibilities

• Data analysis and manipulation.
• Running and understanding our calculation software.
• Calculating the total value of pension schemes’ benefits for various purposes.
• Processing a wide variety of individual pension scheme member calculations.
• Drafting written advice to clients following our various standards.
• Regular liaising and communicating within the team and with other departments at XPS, in addition to the opportunity to work alongside some of our other specialist teams.
• Reviewing the work of our apprentices and junior team members.
• Training junior team members.
• Developing internal standard processes and identifying new ways to work more efficiently.

Skills

Data analysis

Actuarial software

Excel

MS Office

Tools

Actuarial software

Excel

MS Office

Job description

About XPS Group

XPS Group is a prominent UK consultancy and administration firm within the pensions and insurance sectors. As a FTSE 250 company with over 2000 employees, we leverage expertise alongside advanced technology to serve over 1,400 pension schemes and their sponsors. Our goal is to foster a workplace where diverse talents thrive.

Location

Reading

Employment Type

Permanent, Full Time

Grade

Senior Associate

Hybrid

Hybrid

REQ003851

REQ003851

About XPS Group

XPS Group is a prominent UK consultancy and administration firm within the pensions and insurance sectors. As a FTSE 250 company with over 2000 employees, we leverage expertise alongside advanced technology to serve over 1,400 pension schemes and their sponsors. Our goal is to foster a workplace where diverse talents thrive.

About The Role

Our Pensions Advisory business continues to grow, and we are now looking for a number of Actuarial Analysts to join our Pensions Technical Team. This is an exciting role and would most likely suit someone who is technically minded.

You will be joining our Pensions Technical Team, which exists to provide support to our wider Actuarial Team, focusing on undertaking technical calculations required for a wide range of actuarial work.

You will be supported by on-the-job training, resulting in you developing your knowledge and abilities quickly.

Key Responsibilities

• Data analysis and manipulation.
• Running and understanding our calculation software.
• Calculating the total value of pension schemes’ benefits for various purposes.
• Processing a wide variety of individual pension scheme member calculations.
• Drafting written advice to clients following our various standards.
• Regular liaising and communicating within the team and with other departments at XPS, in addition to the opportunity to work alongside some of our other specialist teams.
• Reviewing the work of our apprentices and junior team members.
• Training junior team members.
• Developing internal standard processes and identifying new ways to work more efficiently.

Your Profile

• Broad understanding of how UK pensions schemes operate and how to value pension scheme benefits for different purposes.
• Excellent planning skills with the ability to prioritise and complete work in accordance with deadlines.
• Experience with large datasets and actuarial software.
• Strong IT skills with good working knowledge of MS Office suite of products, in particular Excel.

What We Offer

• Enjoy a competitive salary, annual discretionary bonus, and 25 days’ holiday with buy/sell flexibility.
• Benefits include pension matching, healthcare plans, life assurance, and retailer discounts.
• We support our team with a flexible benefits scheme, employee assistance, and digital GP service.
• Participating in volunteering events is encouraged with paid volunteer days available.
• Referral bonuses are offered for introducing suitable candidates to XPS.

Equal Opportunity Statement

XPS Group is committed to diversity and equal opportunities. We welcome applications from all candidates, irrespective of sex, race, disability, sexual orientation, religion, or belief. As a Disability Confident employer, we ensure accessible and supportive work settings for all employees.

Eligibility

Any employment offer made will be conditional upon you satisfying DBS Disclosure checks, Employment or educational references, Satisfactory credit checks and eligibility to work in the UK before an offer can be made. XPS Group is not able to provide sponsorship to employees.

Who Are We

To find out more please visit: www.xpsgroup.com