About the role

  • Technical Actuary delivering high-quality actuarial support across Bulk Purchase Annuity schemes. Collaborating with stakeholders to ensure accurate delivery of member options.

Responsibilities

  • Collaborate with external stakeholders (including scheme advisers, trustees and outsourced partners) and internal teams (such as Pricing, Transition, and Data Services).
  • Ensure member options and benefits are determined in line with transaction benefit specifications.
  • Provide subject matter expertise on actuarial topics such as GMP Equalisation.
  • Review actuarial calculations completed by administrators.
  • Develop and maintain clear documentation for actuarial processes.
  • Ensure all work produced has appropriate governance.
  • Implement and review factor assumptions across the BPA scheme portfolio.
  • Build and maintain cashflow projection models aligned to transaction benefit specifications.
  • Monitor legislative and market developments.
  • Provide actuarial expertise to ongoing projects and manage actuarial workstreams.

Requirements

  • Qualified Actuary with a number of years post-qualification experience, specialising in pensions.
  • Strong technical understanding of Defined Benefit pensions legislation.
  • Extensive experience reviewing member calculations, including GMP Equalisation, CETV and retirement quotations.
  • Experience setting factor bases and generating actuarial factors.
  • Experience building models for factor generation and cashflow projections.
  • Commitment to maintaining professional knowledge in a fast-changing regulatory environment.

Benefits

  • Upto £80,000 plus discretionary bonus
  • Private medical cover
  • 38 days annual leave
  • Excellent pension
  • 12x salary life assurance
  • Career breaks
  • Income protection
  • 3x volunteering days
  • And much more.

Job title

Technical Actuary

Job type

Experience level

Mid levelSenior

Salary

£80,000 per year

Degree requirement

Professional Certificate

Location requirements

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