SKILLS AND EXPERIENCE

• Experience of working within a pensions or investment consultancy, life insurer or reinsurer or a graduate with a suitable degree.
• Strong analytical and problem solving skills
• Strong IT skills, particularly Excel
• Good interpersonal and team working skills
• Excellent verbal and written communication skills, with the ability to present complex financial concepts in a clear and concise manner
• Ability to work without close supervision
• Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing
• Good knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.

PURPOSE

The purpose of this role is to complete member options calculations that require actuarial input and support actuarial testing of the member options tool. In addition, the role is key to support the growth and development of the DB area and our member experience activities.

KEY RESPONSIBILITIES

• Provide calculation support for standard and non-standard member option calculations that require actuarial input
• Analyse, upload and test new scheme benefit data to enable member options tools to run correctly and efficiently
• Support the monthly update of member options tools
• Ongoing troubleshooting, developing solutions and supporting the development of member options tools
• Prepare/check internal sign off documentation for each quotation as required following agreed sign off process
• Carry out all necessary BAU work for in force business which includes scheme valuations when required
• Develop a deep knowledge of all systems and tools used by the Actuarial Member Services team.
• Proactively drive projects forward to ensure they are progressed in line with expected timescales.
• Actively assist in development of junior DB team members through training and knowledge sharing