Senior Technical Actuary (GMP Equalisation)

ENGINEERINGUK; United Kingdom; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

ENGINEERINGUK is seeking a Senior Technical Actuary to join their GMP Equalisation Team. This permanent role, based in various UK locations with hybrid options, requires a qualified actuary with extensive DB pensions experience. You will work closely with clients, handle complex actuarial calculations, and support team members while driving technical solutions and enhancing client outcomes.

Benefits

Competitive salary

Participation in annual discretionary Bonus Scheme

25 days holiday plus flexibility to buy or sell holiday

Flexible Bank holidays

Pension scheme, matching contribution structure

Healthcare cash plan

Flexible Benefits Scheme

Life Assurance cover, four times basic salary

Employee Assistance Programme

Paid volunteering day

Qualifications

• Extensive experience in DB pensions industry.
• High accuracy and detail orientation required.
• Inquisitive mind with a desire to learn.

Responsibilities

• Assist clients in equalizing pensions for scheme members.
• Review and sign off on complex calculations and written advice.
• Communicate results to client teams and provide support.

Skills

Excellent Microsoft Excel skills

Problem solving

Attention to detail

Education

FIA qualification

Job description

You will need to login before you can apply for a job.

Senior Technical Actuary (GMP Equalisation)

View more categories View less categories Sector Insurance Role Senior Executive Contract Type Permanent Hours Full Time

Senior Technical Actuary GMP Equalisation

Hybrid

Full Time or Part Time

Permanent

Ref: 002846



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 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 a number of 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

• FIA qualification
• Extensive experience in DB pensions industry, in an actuarial role
• Excellent Microsoft Excel skills

Desirable Criteria

• keen interest in actuarial concepts, the wider pensions industry and financial landscape
• 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

What we offer:

Find out more about Life at XPS

Find out more about Our People Approach



We offer an attractive reward package, typical benefits can include::

• Competitive salary
• Participation in annual discretionary Bonus Scheme
• 25 days holiday plus flexibility to buy or sell holiday
• Flexible Bank holidays
• Pension scheme, matching contribution structure
• Healthcare cash plan
• Flexible Benefits Scheme to support you in and out of work, helping you look after you and your family covering Security & Protection, Health & Wellbeing, Lifestyle
• Life Assurance cover, four times basic salary
• XPS Rewards (offers High Street discounts and savings from retailers and services providers as well as offers available via phone)
• Employee Assistance Programme for you and your household
• Access to a digital GP service
• Paid volunteering day when participating in Company organised events
• Staff referral scheme when you introduce a friend to XPS

What next:

If you feel XPS could be the next step on your career ladder, please apply directly via the links provided and we look forward to learning more about you. We will consider all applicants and respond swiftly.

Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process. For example, we can provide materials in an alternative format, or give you extra time in interviews or tests.

If you do not feel ready to apply or still have questions, please email us by clicking here





The successful candidate will need to demonstrate the following requirements:

• Right to Work confirmation
• DBS Disclosure check
• Employment or educational references covering five years
• Satisfactory credit check

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.

XPS try wherever possible to respond to all applicants if for any reason you have not heard from us within 28 days of your application, please assume you have been unsuccessful on this occasion.

Company

Learn more about this company

Visit this company’s hub to learn about their values, culture, and latest jobs.

Visit this company’s hub to learn about their values, culture, and latest jobs.

Create a job alert and receive personalised job recommendations straight to your inbox.