Actuarial Consultant

Contract: Permanent
Location: Manchester Sheffield
Hours: Full time
Salary: Competitive

Role Purpose

The actuarial team in Trustee Services provides a broad range of actuarial and defined benefits pension consultancy services to pension scheme trustees, scheme sponsors and other third parties.  The role involves working with colleagues in BROADSTONE and other third parties.

Responsibilities may include analysing data, preparing calculations, and producing letters and reports for review by colleagues.

Key Accountabilities

  • Liaising with Broadstone colleagues and external third parties
  • Ensuring all work is carried out in accordance with Broadstone standards
  • Analysing data and identifying potential errors, inaccuracies or incomplete data records
  • Carrying out technical calculations relating to individual members of pension schemes for review by colleagues E.g. early / late retirement quotations, trivial commutations, transfer values
  • Carrying out technical calculations relating to pension schemes for review by colleagues E.g. actuarial valuations, actuarial funding updates, actuarial factor reviews, transfer value basis reviews, accounting disclosures (primarily under IAS19 and FRS102), mergers, wind-ups and other actuarial costings
  • Other ad hoc duties as designated by Actuarial Managers or Actuarial Directors

 

Technical Knowledge and Professional Qualifications

  • The role assumes some prior knowledge of the UK pensions industry
  • Mathematics ‘A’ level (or international equivalent) at grade A or B minimum
  • Mathematics (or other suitable) degree at 2:1 level minimum
  • Professional qualification as a Fellow of Institute and Faculty of Actuaries to be supported

Key Skills

  • Highly numerate and literate
  • Ability to readily absorb technical information
  • Strong team-working and communication skills
  • Computer literacy including familiarity with Microsoft Word, Excel and PowerPoint an advantage

Overarching Obligations

  • Adhere to all relevant laws & regulations, and Broadstone Policies & Procedures
  • Achieve a good standard of ethical behaviour, i.e. do the right thing at all times
  • Comply with all relevant professional standards
  • Comply with the FCA’s requirements in relation to Conduct Risk & Treating Customers Fairly

 

 

 

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