Actuarial Calculations Analyst - DB (Defined Benefits)
Posted 4 days ago by Proactive.IT Appointments Ltd.
Negotiable
Inside
Remote
London Area, United Kingdom
Summary: The Actuarial Calculations Analyst - DB (Defined Benefits) role is a contract position focused on providing actuarial support for defined benefit schemes. The analyst will be responsible for manual calculations, member options calculations, and the development of automated tools to enhance efficiency. This position is remote and has been classified as inside IR35. The initial contract duration is set for 6 months, with potential for extension.
Key Responsibilities:
- Provide calculation support for standard and non-standard member option calculations.
- Analyse new scheme benefit data and enable automated tools to maximize outputs.
- Support the growth and development of the DB area and enhance member experience.
- Complete manual calculations and member options calculations.
Key Skills:
- Solid actuarial experience.
- Defined benefit experience.
- Experience with manual calculations and member options calculations.
- FIA qualification.
- Strong IT skills, particularly in Excel.
- Knowledge of technical actuarial concepts, especially bulk annuity pricing.
- Awareness of the DB buy-in/buy-out market and relevant regulations.
- Experience in pensions or investment consultancy, life insurance, or reinsurance.
Salary (Rate): undetermined
City: London Area
Country: United Kingdom
Working Arrangements: remote
IR35 Status: inside IR35
Seniority Level: undetermined
Industry: Other
Actuarial Calculations Analyst - DB (Defined Benefits)
Job Type - Contract
Location - Remote
Rate - Market rates + Inside IR35
Duration - 6 months
Our client is looking for an Actuarial Calculations Analyst with Defined Benefits experience. The assignment has been initially scoped for 3 - 6 months with potential to extend beyond long term thereafter. The role has been deemed Inside IR35.
Skills & experience
- Solid Actuarial experience
- Defined Benefit experience
- Manual calculations
- Experience of completing member options calculations.
- Support the growth/development of the DB area and our member experience.
- Able to provide calculation support for standard and non-standard member option calculations
- Analyse new scheme benefit data and enable automated tool (to run and maximise outputs in order to remove manual calculations support).
- FIA qualification
- Strong IT skills, particularly Excel
- Knowledge of technical actuarial concepts, specifically principles underlying bulk annuity pricing
- Awareness of DB buy in/buy out market, life insurance/relevant regulation.
- Experience of pensions or investment consultancy, life insurer or reinsurer.