Senior Consultant & Actuary (Qualified)

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

Role Purpose

The PPF actuarial team in Trustee Services 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 PPF, independent trustees and other third parties, and developing client relationships.

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 reviewing work carried out by other actuaries and staff, mentoring junior staff, and supporting senior actuaries.


Key Accountabilities

  • Liaising with Broadstone colleagues, clients, and external third parties
  • Day to day responsibility for some clients and/or client activities including project management and client relationship management
  • Ensuring all work is carried out in accordance with Broadstone standards
  • Regular attendance and presenting at client meetings
  • Reviewing and critically analysing work for signing off by self or Actuarial Managers / Actuarial Directors, including work relating to actuarial valuations, actuarial factor reviews, transfer value basis reviews, reviews of investment strategy, employer debt calculations, unpaid contributions claims, and other actuarial costings
  • Peer reviewing constructively technical reports and calculations carried out in respect of pension schemes and individuals
  • Gaining an understanding of clients’ differing needs and the assessment period within which they operate
  • Mentoring Actuarial Consultants and Actuarial Analysts
  • Identifying and implementing changes to current working practices to improve operational efficiencies
  • Contributing to development of technical and / or operational activities with the team
  • Contributing pro-actively to business development and team management
  • Supporting Actuarial Directors in pursuit of new business opportunities
  • 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

  • Qualified as a Fellow of the Institute and Faculty of Actuaries
  • Scheme Actuary certificate not necessary but would be an advantage
  • Strong knowledge of actuarial valuations
  • Up to date with changes in UK pensions legislation and the UK pensions environment in general
  • Knowledge of the PPF not necessary as training will be provided, but would be an advantage


Key Skills

  • Highly numerate, accurate, and literate
  • Ability to readily absorb and communicate technical information to a variety of audiences
  • Strong team-working skills
  • Reliable, flexible, and able to manage work of self and others within strict deadlines
  • Computer literacy including familiarity with Microsoft Word, Excel and PowerPoint
  • Ability to train and develop the careers of junior actuaries
  • Ability to present to clients
  • Ability to manage clients’ expectations in terms of scope of projects, budgets, and timescales for delivery


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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