PPF Actuary

Contract: Permanent
Location: Redditch
Hours: Full time
Salary: Competitive

Role Purpose

The PPF Actuarial Team provides specialist actuarial and defined benefits pension consultancy services to pension scheme trustees, the Pension Protection Fund, and other third parties. The role involves working with colleagues in Broadstone, the Pension Protection Fund, independent trustees, and other third parties.

The PPF Actuarial team help schemes with insolvent employers through the PPF assessment period, making sure that members of these schemes get correct benefits and the best possible outcome, whether that is transfer to the PPF or buyout with an insurance company. 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., auditing and rectifying benefits, equalising for GMPs, transfer values
• Carrying out technical calculations relating to pension schemes for review by colleagues e.g., actuarial valuations, actuarial factor reviews, transfer value basis reviews, reviews of investment strategy, employer debt calculations, unpaid contributions claims, and other actuarial costings
• Assisting other departments e.g., PPF administration or ongoing actuarial as needed
• Other ad hoc duties as designated by Actuarial Managers or Actuarial Directors

Technical Knowledge and Professional Qualifications

• Mathematics ‘A’ level (or international equivalent) at grade A or B minimum
• Professional qualification as a Fellow of Institute and Faculty of Actuaries to be supported

Key Skills

• Highly numerate, accurate, and literate
• Ability to readily absorb technical information
• Strong team-working and communication skills
• Reliable, flexible, and able to manage own work within strict deadlines
• 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 requirements in relation to investment work

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