Actuarial Consultant - GMP

Capita; Dartford; On-site; GBP 100,000 - 125,000; Full time

Job summary

A prominent consulting firm in Dartford seeks a nearly or qualified Actuarial Consultant to join their rapidly growing GMP team. You will advise on GMP equalisation projects and provide support for various pension schemes. The ideal candidate will have experience in an actuarial environment and strong communication skills. This role offers a competitive benefits package and a supportive work culture.

Benefits

23 days holiday, rising to 27

Company matched pension

Life assurance

Cycle2work scheme

15 weeks paid maternity leave

Qualifications

• Studying for an actuarial qualification or qualified by experience.
• Experience working in an actuarial team ideally with GMP knowledge.
• Knowledge of benefits legislation and best practice.

Responsibilities

• Assist in the provision of advice related to GMP equalisation.
• Carry out benefit rectification projects and liaise with other departments.
• Acting as the primary point of client contact on some projects.

Skills

Experience in an actuarial team

Knowledge of benefits legislation

Good communication skills

Ability to work flexibly

Proactive

Education

Actuarial qualification or qualified by experience

Tools

PFaroe actuarial consulting software

Job description

Shape better services as an Actuarial Consultant – GMP. We are at an exciting point in our evolution, defining and executing Capita Pensions Consulting’s strategic goals as well as developing the next generation of market leading Products and Services. We have ambitious objectives and plans for 2025 and beyond.

Our teams are trusted as scheme actuaries to over 200 pension schemes, our actuarial services include advice on pensions strategy and funding position, regular valuations, journey planning, de-risking, GMP equalisation, and integrated risk management.

We are looking for a nearly or qualified Actuarial Consultant to join our GMP team. This is a rapidly growing team and represents an exciting opportunity to be involved in GMP equalisation and other rectification projects.

The primary purpose of the role is to assist in the provision of advice in relation to GMP equalisation and other rectification exercises and to deliver the results to clients acting as a trusted advisor for a portfolio of schemes.

Job Description:

The purpose of the team is:

• To advise clients in relation to benefit rectification projects both for ongoing pension schemes and those heading towards buy in/out or wind up.
• To carry out benefit rectification projects, liaising with other departments where required and to provide technical support to the rest of the department.
• Participate in the development of actuarial policy in relation to occupational pension scheme valuations, financial reporting and pensions legislative developments.
• Provide peer review sign off and mentoring functions to other actuaries and staff.
• Contribute to sales and sales presentations to generate revenue growth.
• Our culture ensures all new employees are engaged, entrusted and empowered so they feel part of company, have pride in working for Pensions Consulting, and feel as though they make a difference.

Key duties / responsibilities

• Working on client projects relating to GMP equalisation/conversion, NRA equalisation and other rectification projects with personal targets set, aligned to client delivery.
• Supervising, checking and signing off the work of junior team members providing coaching, mentoring and feedback to enhance quality of work and development of colleagues.
• Acting as the primary point of client contact on some projects.
• Attending client meetings.
• Supporting the management of the team’s workflow to achieve client delivery and providing a two way communication channel for the team to maximise motivation and team success.

What are we looking for

Qualifications

Studying for an actuarial qualification or qualified by experience (full study is available to complete your studies if required).

Skills required

Essential

• Experience of working in an actuarial team ideally with GMP knowledge.
• Knowledge of benefits legislation and best practice.
• Good communication skills.
• Ability to work flexibly and able to work under pressure.
• Proactive.

Desirable

• Knowledge of PFaroe actuarial consulting software.
• Experience of working in an actuarial role in a pensions consultancy.

What’s in it for you?

• 23 days’ holiday (rising to 27) with the opportunity to buy extra leave.
• Company matched pension, life assurance, a cycle2work scheme, 15 weeks’ fully paid maternity, adoption and shared parental leave, paternity pay of two weeks…and plenty more.
• Voluntary benefits designed to suit your lifestyle – from discounts on retail and socialising, to health & wellbeing, travel and technology.
• The opportunity to take a paid day out of the office, volunteering for our charity partners or a cause of your choice.
• Access to our Employee Network Groups, which represent every strand of diversity and allow colleagues to connect and learn from each other on an open, inclusive platform.

We’re an equal opportunity and Disability Confident employer, which means we recruit and develop people based on their merit and passion. We’re committed to providing an inclusive, barrier-free recruitment process and working environment for everyone.