Actuarial Assistant - Insurance Pricing

at  XPS Pensions Group

SENIOR ASSOCIATE GRADE

XPS 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 Leeds, Manchester, Reading 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 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

As 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