Senior Actuarial Assistant

Closing on: Jan 22, 2021
Contract: Full Time
Location: Bristol
Hours: Full time
Salary: Competitive

Senior Actuarial Assistant

Role Purpose

The actuarial Trust Based Pensions team provides a broad range of actuarial and defined benefits pension consultancy services to pension scheme trustees, scheme sponsors and other third parties. The team also provides non-pensions actuarial analysis and advice to other parts of the firm. The role involves working jointly with colleagues in Investment Consultancy, Consultancy and Administration, as well as third parties.

Responsibilities may include reviewing data by colleagues or other third parties, preparing and reviewing calculations, preparing and reviewing letters and reports for review by senior colleagues. The role will also involve aiding the development of less experienced colleagues. You will also work with scheme actuaries and consultants to assist in the account management of clients to develop your ‘softer’ skills.

Key Accountabilities

  • Liaising with Investment Management colleagues, Consultancy colleagues, other Broadstone colleagues, external third party administrators and clients
  • Attendance at some external meetings together with a senior colleague
  • Direct client communication via email, telephone and at meetings
  • Assisting in client management and governance work on a number of client accounts
  • Ensuring all work is carried out in accordance with Broadstone standards
  • Reviewing data preparation work carried out by junior colleagues, and investigating and resolving abnormalities as appropriate
  • Carrying out and reviewing technical calculations relating to individual members of pension schemes, e.g. early/late retirement quotations, trivial commutations, transfer values
  • Carrying out and reviewing technical calculations relating to pension schemes for review by the signing actuary or other senior colleagues, e.g. actuarial valuations, preparation of accounting disclosures under FRS17, IAS19 and FAS87
  • Assisting with development of junior colleagues
  • Contributing to discussions at internal meetings on current actuarial topics of relevance

Technical Knowledge and Professional Qualifications

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

Professional Qualifications

  • Passes/exemptions in all core principles subjects and some core practices or specialist subjects
  • Aptitude to complete the actuarial exams
  • Competency in undertaking actuarial valuations, accounting disclosures under FRS17, IAS19 and FAS87 and other actuarial work

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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