Actuarial Assistant

Location UK / Belfast

Job Type Permanent full-time

Salary See description

Updated 5 days ago

Reference 1438792

 Job Description

The main responsibilities of this role will involve preparing valuation results, carrying out individual member calculations, developing spreadsheets and drafting reports and other communications.

Location: Belfast

Grade: Senior Associate/Consultant

Employment Status: Permanent, Full Time


About the Company

XPS Pensions Group is the only UK pensions specialist listed on the UK main market. We are actuaries, consultants and administrators working to protect and enhance the benefits of hundreds of thousands of pension scheme members.

We provide a positive working environment with an emphasis on training and development and we put relationships at the very heart of our business. You can expect an exciting and fulfilling career in a growing business and an industry that provides a consistent challenge.

Your ambition is our ambition.

Our Values

Our values are at the heart of everything we do, the shared spirit that makes us one team. Wherever you are and whatever you’re doing, it’s the way you do it that makes you XPS. You will be expected to be:

  • Ambitious
  • Expert
  • Agile
  • Helpful, and
  • Do the right thing

About the Business Area/Department

The Belfast office provides actuarial, consultancy and administration services for a range of trustee and corporate clients and is part of a larger actuarial community across our other UK office locations.

Our motivated, supportive and sociable actuarial team in Belfast has grown to 15 over the last few years, and we are keen to grow our team further.  Our actuaries work closely with trustees and scheme sponsors on issues such as scheme funding and risk management to devise individual plans that are suited to the needs of each particular scheme.

Main duties and responsibilities

To promote and adhere to XPS values.

The main responsibilities of this role will involve preparing valuation results, carrying out individual member calculations, developing spreadsheets and drafting reports and other communications. You’ll have the opportunities to attend regular client meetings and support the development and presentation of our new market-leading pension scheme modelling software.

  • Attend client meetings, taking an active role where applicable:
  • Presenting actuarial findings
  • Engaging with clients on relevant key issuers
  • Taking minutes

Undertaking/checking a variety of actuarial calculations in the following areas:

  • Actuarial valuations
  • Production of company accounting disclosures
  • Individual benefits
  • PPF levy
  • Bulk transfer
  • 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 senior members of the client teams
  • 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
  • Making progress with the actuarial exams, in accordance with study policy guidelines
  • Developing an understanding of the structure and processes of PFaroe, Microsoft Office and other relevant software
  • Taking a proactive role in personal development/training, and arrangement of Performance Development Reviews
  • Attending and delivering internal technical training sessions and demonstrating application of learning

Job Requirements

  • Right to work in the UK
  • Ideally, at least 2 years’ experience as an Actuarial Student, educated to degree level with a minimum 2:1 degree
  • 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 to deadlines
  • Strong IT skills with good working knowledge of MS Office suite of products, in particular Excel
  • Highly developed written and verbal communication skills. Confident and able to explain complex issues in simplified terms to clients and more junior team members.
  • Good progress to date through the Actuarial exams

Additional Details

  • We offer an attractive reward package, typical benefits can include:
  • Competitive salary
  • Full study support along with a nominated mentor
  • Participation in Discretionary Bonus Scheme
  • 25 days holiday
  • Pension 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
  • XPS Rewards (offers discounts and savings from retailers and services providers as well as offers available via phone)
  • Interest free season ticket loan

XPS Pensions Group is an equal opportunities employer and positively encourages application from suitably qualified and eligible candidates regardless of sex, race, disability, sexual orientation, religion or belief.

As part of XPS’s drive to promote better work-life balance for colleagues, we are open to flexible and part time working arrangements. We encourage you to discuss your requirements with us when you apply for this role.

To Apply

Please forward your CV through the APPLY button