Actuarial Assistant - Insurance Pricing

XPS Pensions Group

  • London
  • Permanent
  • Full-time
  • 1 month ago
Pensions Actuarial Assistant - Insurance PricingHybridFull TimePermanentSenior Associate GradeXPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.Our Pensions Advisory business continues to grow and we are now looking for an Actuarial Assistant to join one of our vibrant offices in London, Reading, Manchester, Leeds or Belfast with hybrid working. This is an exciting role and would most likely suit someone who is a nearly or newly qualified actuary.A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.Our people drive our success and as an XPS employee you can bring your whole self to work - Everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It's about inclusion and diversity, ensuring all our people feel included, that they belong to XPS and that they're happy. Above all, it's about ensuring everyone has a voice and feels valued. Because they are.The TeamWe aim to give our members the best outcomes and security in retirement through the advice we give, the services we deliver and the solutions we develop.Learn more here:The RoleAs an Actuarial Assistant with XPS you will:
  • Attend client meetings, taking an active role where applicable: Presenting actuarial findings Engaging with clients on relevant key issues
  • Checking/reviewing a variety of actuarial calculations in the following areas: Actuarial valuations Production of company accounting disclosures Individual benefits PPF levy Bulk transfer Incentive exercises and de-risking projects
  • Understanding the implications of the results of the above calculations in order to provide advice on matters such as contribution rates, levy reduction, liability reduction exercises.
  • Drafting reports, emails and presentations to deliver actuarial results and advice
  • Drafting member communications (e.g. Summary Funding Statements, responses to individual queries)
  • Client management, taking responsibility for allocation and completion of work, and meeting deadlines, working directly with the Scheme Actuary
  • Maintaining a good understanding of relevant technical issues, including TASs, Codes of Practice, scheme documentation and the supporting regulatory framework
  • Developing internal standard processes and identifying new ways to work more efficiently
  • Taking a proactive role in personal development/training
  • Attending and delivering internal technical training sessions and demonstrating application of learning
Your profileEssential Criteria
  • Nearly or nearly qualified as an Actuary with experience working in the pensions industry
  • Broad understanding of how UK pensions schemes operate, with an understanding of UK Pensions Legislation
  • Excellent planning skills with the ability to prioritise and complete work in accordance with deadlines
  • Highly developed written and verbal communication skills. Confident and able to explain complex issues in simplified terms to clients and more junior team members.
  • Strong IT skills with good working knowledge of MS Office suite of products, in particular Excel
What we offer:Find out more aboutFind out more aboutWe offer an attractive reward package, typical benefits can include::
  • Competitive salary
  • Participation in annual discretionary Bonus Scheme
  • 25 days holiday plus flexibility to buy or sell holiday
  • Flexible Bank holidays
  • Pension scheme, matching contribution structure
  • Healthcare cash plan
  • Flexible Benefits Scheme to support you in and out of work, helping you look after you and your family covering Security & Protection, Health & Wellbeing, Lifestyle
  • Life Assurance cover, four times basic salary
  • XPS Rewards (offers High Street discounts and savings from retailers and services providers as well as offers available via phone)
  • Employee Assistance Programme for you and your household
  • Access to a digital GP service
  • Paid volunteering day when participating in Company organised events
  • Staff referral scheme when you introduce a friend to XPS
What next:If you feel XPS could be the next step on your career ladder, please apply directly via the links provided and we look forward to learning more about you. We will consider all applicants and respond swiftly.Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process. For example, we can provide materials in an alternative format, or give you extra time in interviews or tests.If you do not feel ready to apply or still have questions, please email us by clickingThe successful candidate will need to demonstrate the following requirements:
  • Right to Work confirmation
  • DBS Disclosure check
  • Employment or educational references covering five years
  • Satisfactory credit check
We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.XPS try wherever possible to respond to all applicants if for any reason you have not heard from us within 28 days of your application, please assume you have been unsuccessful on this occasion.

XPS Pensions Group