Benefit Correction Specialist

First Actuarial; Liverpool; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading actuarial consultancy in Liverpool is seeking a Benefit Correction Specialist. The role involves managing benefit correction projects, primarily focused on GMP-related work. Ideal candidates should have strong analytical and numerical skills, with a background in pensions preferred. This position provides a competitive remuneration package including bonuses and comprehensive benefits, along with hybrid working options to ensure flexibility in work arrangements.

Benefits

Competitive remuneration package

Private health insurance

25 days annual leave

Non-contributory pension

Full training and study support

Qualifications

• Experience managing projects is desirable.
• Some knowledge of pensions administration systems is desirable.
• Strong analytical, numerical, and critical thinking skills are essential.
• Appreciation of actuarial approaches to pensions is beneficial.
• GMP equalisation experience is ideal but not essential.

Responsibilities

• Support clients by working directly with Client Managers and Scheme Actuaries.
• Communicate with internal teams to ensure smooth handover at implementation.
• Check and review correction calculations and assist with the production of reports.

Skills

Analytical skills

Numerical skills

Critical thinking

Knowledge of pensions administration

Job description

Job Overview

Benefit Correction Specialist based in one of our five offices. This role focuses on delivering benefit correction projects, beginning with GMP‑related work and expanding into wider benefit projects as demand evolves. The role is suitable for candidates who are taking the Actuarial exams or those who wish to stop sitting, with an ideal background in pensions and a preference for technical actuarial work.

Responsibilities

• Support clients by working directly with Client Managers and Scheme Actuaries.
• Own processes and projects, including data cleansing.
• Communicate with internal teams to ensure smooth handover at implementation.
• Check and review correction calculations and assist with the production of reports.

Key Tasks

• Manage GMP comparisons between Scheme and HMRC records.
• Review the GMP equalisation model.
• Manage the implementation process for GMP equalisation and other pension correction exercises.
• Prepare regular progress updates.
• Review client reports and discuss findings with client teams.
• Draft and review reports.
• Manage own workload and complete accurate timesheets.
• Maintain knowledge of risk, quality, complaints breaches and procedure frameworks.

Qualifications & Experience

• Experience managing projects is desirable.
• Some knowledge of pensions administration systems is desirable.
• Strong analytical, numerical and critical thinking skills.
• Appreciation of actuarial approaches to pensions.
• GMP equalisation experience is ideal but not essential.

Benefits

• A competitive remuneration package, including bonus and profit‑sharing payments.
• Private health insurance, life insurance and income protection insurance.
• 25 days annual leave as standard, increasing with length of service, plus an extra day at Christmas, bank holidays and the option to purchase additional holidays.
• A non‑contributory pension.
• Full training and study support.

We offer hybrid working for colleagues who prefer home‑working for part of the week and flexibility in working day arrangements to accommodate a range of personal commitments from day one. Our straightforward, interview‑based approach ensures equal opportunities for all applicants while supporting your career growth.