Trainee Actuarial Consultant

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

Role Purpose
The actuarial 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
the investment and administration teams, and other third parties.
Responsibilities will include preparing data, calculations and letters/reports for review by senior colleagues.
In time, the role will also involve aiding the development of less experienced colleagues. The role also
involves working with consultants to assist in the account management of clients to develop “softer” skills.

Key Accountabilities
• Liaising with colleagues in wider Broadstone teams, external third party administrators, and clients
• Attendance at some external meetings together with a senior colleague
• Some direct client communication via email or telephone
• Ensuring all work is carried out in accordance with Broadstone standards
• Developing an understanding of legislation and other obligations relevant to Broadstone clients
• Providing support to Scheme Actuaries in all aspects of the Scheme Actuary role
• Undertaking technical calculations relating to individual members of pension schemes for review by
colleagues, e.g. early/late retirement quotations, trivial commutations, transfer values
• Undertaking technical calculations relating to pension schemes for review by colleagues, e.g. actuarial
valuations, preparation of accounting disclosures under FRS17, IAS19 and FAS87

Technical Knowledge and Professional Qualifications

Required
• On target to achieve a minimum of a 2:1 in a degree subject with a strong mathematical bias
• Aptitude to progress with actuarial exams and achieve qualification as FIA or FFA

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

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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