Actuarial Calculation and Lead Manager - GMP Equalisation

JR United Kingdom; Greater London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking talented part-qualified or qualified actuaries to join their dynamic team in a hybrid role. This exciting opportunity involves working on complex defined benefit modelling and delivering GMP Equalisation projects, providing essential pension solutions. The firm is committed to continuous improvement and offers exceptional training and development opportunities, enabling you to enhance your skills while working in a collaborative environment. With a competitive salary, flexible working practices, and a comprehensive benefits package, this role is perfect for those looking to make a significant impact in the actuarial field.

Benefits

Exceptional training and development opportunities

Competitive salary

Flexible working practices

25 days holiday with the option to buy/sell additional days

Pension scheme

Private medical insurance

Income protection

Discounted gym memberships

Travel insurance

Retail vouchers

Qualifications

• Strong understanding of UK Defined Benefit pension schemes and benefit calculations.
• Experience in actuarial roles, particularly with GMP Equalisation projects.

Responsibilities

• Check and review complex actuarial calculations and communicate results.
• Manage junior colleagues, supporting their training and development.

Skills

Analytical Skills

Communication Skills

Critical Thinking

Team Collaboration

Attention to Detail

Education

Degree in a Numerical or Semi-Numerical Field

Qualified or Part-Qualified Actuary

Tools

Microsoft Excel

VBA

Job description

Actuarial Calculation and Lead Manager - GMP Equalisation, England

Client:

The Actuary Group

Location:

England, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Description:

Location: UK-wide (hybrid)

The Actuary Group is currently looking to grow our clients’ team by appointing talented and ambitious technical part-qualified/qualified actuaries in an exciting and revenue-generating role. This is an opportunity to join an established centre of excellence, specialising in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market. We are looking for strong team players with proven experience of checking and reviewing technical actuarial calculations, excellent communication skills, and business acumen.

Our client provides insights, advice, and technology-driven solutions to help build brighter futures for colleagues, clients, and communities. The role will form part of the projects team with the current focus being around delivering GMP Equalisation projects on the proposition to clients, which can incorporate or lead onto being involved in de-risking projects for clients over time.

This is an opportunity to fulfil a fundamental role in providing pension solutions across a wide range of services. As our client continues to grow and enhance its workforce of the future, they are providing a continuously evolving and tailored range of services, giving individuals the opportunity to learn and develop their skills with support both now and into the future.

This opportunity would be suitable for someone who already has experience working on DB pensions within an actuarial role. In addition, our client provides full-study support for students undertaking any applicable examinations.

What can you expect?

1. Work as part of a great multi-disciplinary team on complex defined benefit modelling using advanced actuarial skills and techniques, specialising in complex UK pension solutions.
2. You will be responsible for checking and reviewing complex calculations, as well as communicating the results to consultants and wider support teams.
3. Contribute to continuous improvement by developing and delivering knowledge sharing/training/process improvement initiatives and co-ordinate new process rollouts across locations.
4. Develop expertise in Excel, VBA and the in-house technology enabling high-quality IT and product solution development.
5. Work in partnership and develop relationships with internal teams to deliver a streamlined service to other lines of business.
6. Be directly involved with the management of more junior colleagues within the GMP Equalisation team, including supporting with performance reviews, training, and personal development plans.
7. Develop skills to support various consulting aspects of GMP projects and have direct client contact.

What is in it for you:

1. Exceptional training and development opportunities.
2. Challenging yet friendly and diverse work environment.
3. Competitive salary and highly flexible working practices including remote working.
4. Our client will fund a number of different professional study pathways including the Actuarial exams and other relevant personal and professional exams.
5. Exposure to a wide range of services with an abundance of career-enhancing opportunities.
6. 25 days holiday with the option to buy/sell 5 additional days leave.
7. Highly competitive benefits package including pension scheme, private medical insurance, income protection, and options including discounted gym memberships, travel insurance, childcare, and retail vouchers.

What you need to have:

1. Educated to degree level in a numerical or semi-numerical degree.
2. Qualified or part-qualified actuary.
3. A strong understanding of how UK Defined Benefit pension schemes operate and experience in carrying out benefit calculations for Defined Benefit pension schemes.
4. Strong analytical, numerical, and critical thinking skills, including a good understanding of actuarial approaches for pensions.
5. Ability to work as part of a team and within a collaborative environment.
6. Excellent written and verbal communication skills.
7. Exceptional attention to detail ensuring quality and delivery in line with deadlines.
8. Strong IT skills with good working knowledge of Microsoft Office, in particular Excel.

What will make you stand out:

1. Experience working in a similar role within an Actuarial team, working in Pensions, with a focus on Technical aspects and solid exposure to consultants and broader client support teams.
2. Experience of technical calculations required for GMP Rectification and Equalisation projects.