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Senior Actuarial Director

  • Location: London / Sheffield / Manchester
  • Salary: Competitive
  • Hours: Full Time
  • Contract: Permanent
  • Uploaded: 16/11/2018

Role Purpose

The Actuarial team in Consulting & Actuarial provides a broad range of actuarial and defined benefits pension consultancy services to pension scheme trustees, scheme sponsors and other third parties.  The team works very closely with Investment Consulting and Administration to provide clients with an integrated, seamless service and ensure we can meet clients’ Journey Planning needs.

As a senior member of the C&A management team, the Senior Actuarial Director will provide leadership across the London Actuarial team, input and guidance on policy and divisional strategy as well as retaining a client portfolio.  You will be responsible for executing the agreed business goals and, in addition to maintaining and developing your own clients, provide input and guidance across a wider portfolio. Your key deliverables will also include staff management, efficiency and development and developing new business.

Key Accountabilities

People Management

  • Management of the London Actuarial team, including development and implementation of agreed strategy including managing the total cost of delivery
  • Set clear targets for achievement and performance expectations/measures for the London Actuarial team across revenue generation, efficiency, staff utilisation and development
  • Manage a team of people, including managing their performance and development
  • Assist with recruiting new staff and retaining existing staff
  • Coach and develop others – share expertise and provide guidance and feedback

Client Relationship Management

  • Maintain a broad, strategic view of the London client portfolio as a whole
  • Review and deliver work to clients
  • Oversee/supervise implementation of client advice
  • Actively work with clients to develop strong client relationships
  • Deal with day to day client queries
  • Analyse client situations, identify needs and propose appropriate solutions to meet client needs and objectives
  • Engage client in accordance with company compliance requirements, best practice, professional standards and regulations
  • Agree clear fee structures with clients
  • Undertake regular review of fees with respect to budget and work performed
  • Review client circumstances as required and make necessary adjustments to advice
  • Take ownership to ensure that client problems are resolved satisfactorily
  • Lead client presentations and client reviews
  • Carry out peer review of work prepared by other actuaries, providing constructive criticism

Business Development

  • Be visible in the market as part of the senior Broadstone Actuarial team, including speaking at conferences, and building and developing a network of professional introducers
  • Assist with developing strategic new business plan, proposition and capacity to respond to ITT’s
  • Key account management
  • Build your own client portfolio, and work with your team with a view to developing new-from-existing and new-from-new business across the wider portfolio
  • Take ownership, including the setting and delivery of revenue targets
  • Identify and respond to potential new business opportunities

Technical Knowledge and Professional Qualifications

Key Skills

  • Proven leadership and people management skills
  • Ability to manage a senior team including setting goals and direction and engaging and motivating others
  • Expert knowledge of UK actuarial and DB Pensions market
  • Working knowledge of general pensions and investment markets and UK business practice
  • Knowledge of relevant legislation, regulation and compliance environment
  • Market awareness, including knowledge of competitor businesses and services
  • Fellow of the Institute or Faculty of Actuaries
  • Experience in delivering high-quality consulting services to clients
  • Strong Project management skills

Overarching Obligations

  • Adhere to all relevant laws & regulations, and Broadstone Policies & Procedures
  • Achieve a good standard of ethical behaviour
  • Comply with all relevant professional standards, particularly the IFoA
  • Comply with the FCA’s requirements in relation to Conduct Risk & Treating Customers Fairly

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