Senior Technical Actuary - GMP Equalisation

Xafinity Consulting Ltd; Belfast City District; Hybrid; GBP 85,000 - 110,000; Full time

Benefits offered by this job

Pension matching

Healthcare plans

Life assurance

Retailer discounts

Volunteer days

Referral bonuses

Job summary

XPS Group is seeking multiple qualified pensions actuaries to join our GMP Equalisation team. The role focuses on GMP calculations and advising on GMP equalisation for pension schemes.

You will be working within a collaborative, inclusive environment with opportunities to contribute to research and development projects. Essential criteria include 5+ years in DB pensions and FIA qualification, with strong Excel skills and a proactive, team-oriented mindset.

Qualifications

• Minimum 5 years’ experience in DB pensions industry in an actuarial role.
• Strong understanding of GMP equalisation and actuarial concepts.
• Excellent Microsoft Excel skills.
• Ability to learn quickly and work in a collaborative environment.

Responsibilities

• Work with and understand member data for GMP projects.
• Reviewing and signing off on complex GMP-related calculations.
• Sign off on written advice to clients on GMP equalisation topics.
• Communicate results to client teams and support them through projects.
• Liaise with GMP team, client teams and other departments in XPS.
• Train and manage junior colleagues as they embark on their actuarial career.

Skills

DB pensions experience

Excel skills

Problem solving

Attention to detail

Team player

Education

FIA qualification

Job description

At XPS, we don't just value the work you do – we value you. Your ambition, your ideas, your career goals and your life outside of work.Whether you're looking for your next challenge, greater flexibility, or a place where you can make a real impact, you'll find opportunities to thrive at XPS. We're built on collaboration, trust and expertise, giving our people the freedom to work their way, shape their path and be themselves.If you're looking for a career where you can grow, belong and make a difference, we'd love to hear from you.Find a career that's built for you.

Senior Technical Actuary - GMP Equalisation

Job profile for Senior Technical Actuary - GMP Equalisation

The job requirements are detailed below. Where applicable the skills, qualifications and memberships required for this job have also been included.As disability confident committed, we will support all applicants throughout the recruitment process. Each stage of the process is inclusive and offers reasonable adjustments where required.If you need the job description in an alternative format or would like us to do anything differently during the application process, please let us know.

Job details

Contractual hours 36.25 Basis Full time Region Northern Ireland Job category/type - XPS Pensions Date posted 19/08/2026 Job reference REQ003803

Job description

Senior Technical Actuary - GMP Equalisation

Grade: Senior Consultant

Employment Type: Permanent, Full Time or Part Time

Hybrid

REQ003803

This role could be based from any of the following offices with hybrid working: Reading, Leeds, Manchester, Birmingham, Guildford, Edinburgh, London, or Belfast

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.

Our Pensions Advisory business continues to grow and we are now looking for a number of qualified actuaries to join our GMP Equalisation Team. This is an exciting senior role and would most likely suit someone who enjoys the technical aspects of actuarial work, with plenty of defined benefit pensions experience.

A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.

Our people drive our success and as an XPS employee you can bring your whole self to work - everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It’s about inclusion and diversity, ensuring all our people feel included, that they belong to XPS and that they’re happy. Above all, it’s about ensuring everyone has a voice and feels valued. Because they are.

The Team

We aim to give our members the best outcomes and security in retirement through the advice we give, the services we deliver and the solutions we develop.

Learn more here: https://www.xpsgroup.com/what-we-do/pensions-advisory/

The Role

We are looking for several qualified pensions actuaries to join our GMP Equalisation team. We have a unique approach to solving the problems around GMP and are looking for technically minded people to join our friendly and supportive team.

Though previous experience in GMP calculations is an advantage, a desire and ability to grasp complex actuarial concepts and find solutions to them is a requirement.

In this role you will be working as part of the GMP team to assist clients in equalising pensions for their scheme members. This includes but is not limited to:

• Working with and understanding member data
• Reviewing and signing off on complex calculations
• Reviewing and signing off on written advice to clients on this topic
• Communicating results to client teams and supporting them as you work through the projects together. Can include, if desired, delivering advice to clients in meetings.
• Regular liaison and communication with the GMP team, client team and other departments in XPS.
• Opportunity to get involved in specialist research and development teams in areas that interest you. These teams provide resources and ideas for the wider team.
• Training and managing more junior colleagues as they embark on their actuarial career.

Your profile

Essential Criteria

• A minimum of 5 years’ experience in DB pensions industry, in an actuarial role
• A keen interest in actuarial concepts, the wider pensions industry and financial landscape
• Excellent Microsoft Excel skills
• An inquisitive mind and a desire to learn
• Highly motivated and driven to succeed
• Ability to problem solve and come up with solutions
• Outstanding accuracy and attention to detail
• Adaptable and a team-player
• Highly organised with the ability to prioritise effectively so that projects can be delivered to agreed timescales.

Qualifications:

• FIA qualification

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 Opportunities 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