Senior Actuarial Trainee (BPA Operations) – 28513

The Emerald Group; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their actuarial student scheme in London. This exciting opportunity involves working within the Data team to support the analysis of bulk purchase annuity policies. You will gain hands-on experience in benefit modeling, data manipulation, and risk management while actively pursuing your FIA qualification. This role offers a unique chance to develop your skills in a dynamic environment, collaborating with experienced professionals to facilitate meaningful changes in the business. If you're passionate about actuarial science and eager to make a difference, this position is perfect for you.

Qualifications

• Actively study for the FIA qualification while gaining practical experience.
• Experience in Defined Benefit pensions through consultancy or in-house teams.

Responsibilities

• Model benefits and manipulate data for bulk annuity policies.
• Support managers in implementing changes and verifying data.

Skills

Data manipulation

Risk management

Actuarial control framework

Communication skills

Analytical skills

Education

Actuarial qualification (FIA or equivalent)

Experience with Defined Benefit pensions

Tools

MS Excel

Job description

This role would be to join the actuarial student scheme, the first rotation for this role will be within the Data team within Operations of the Bulk Purchase Annuities service line, supporting the analysis of executed bulk annuity policies.

• Location: London
• Category: BPA Analyst
• Type: Permanent

Key Duties (Including but not limited to):

• Responsibility for the benefit modelling of schemes and accurate & complete data manipulation. This also includes premium true-up calculations.
• Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.
• Support the transition of bulk schemes through to Buy Out including the data verification processes. This includes attending external calls where appropriate.
• Ensure familiarity with risk management programs, and follow appropriate risk management procedures to control, monitor and report on business activities.
• Actively study for the qualification as an FIA (or equivalent).
• Student actuary who has Defined Benefit pensions experience. This could be through a pensions consultancy, an in-house pensions team, or prior Bulk Purchase Annuities experience.
• Basic knowledge of GMP equalisation is desirable but not essential.
• Good knowledge of MS Excel.
• Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.