Actuarial Calculations Analyst - Defined Benefits

Summary: The role of Contract Actuarial Calculations Analyst focuses on providing actuarial calculations support specifically for Defined Benefits. This position is initially scoped for 3 to 6 months with the possibility of extension and is classified as Inside IR35. The role allows for fully remote working arrangements.

Key Responsibilities:

• Provide calculation support for standard and non-standard member option calculations.
• Complete member options calculations.
• Analyse new scheme benefit data and enable automated tools to maximize outputs and reduce manual calculations.
• Utilize strong IT skills, particularly in Excel, for actuarial tasks.
• Apply knowledge of technical actuarial concepts, including bulk annuity pricing principles.
• Maintain awareness of the DB buy in/buy out market and relevant regulations.
• Leverage experience from pensions or investment consultancy, life insurance, or reinsurer sectors.
• Utilize solid actuarial experience and defined benefit expertise.
• Any experience of GMP would be a distinct advantage.

Key Skills:

• Solid actuarial experience.
• Defined benefit experience.
• Strong IT skills, particularly in Excel.
• Knowledge of technical actuarial concepts.
• Experience in pensions or investment consultancy, life insurance, or reinsurer.
• Experience of completing member options calculations.
• Awareness of DB buy in/buy out market and relevant regulations.
• Any experience of GMP would be a distinct advantage.

Salary (Rate): undetermined

City: London

Country: UK

Working Arrangements: remote

IR35 Status: inside IR35

Seniority Level: undetermined

Industry: Other

Contract Actuarial Calculations Analyst - Defined Benefits

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.

Fully remote working

Inside IR35

Market rates

Skills & experience

• Solid Actuarial experience
• Defined Benefit experience
• Calculations
• Experience of completing member options calculations.
• 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).
• 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.
• Any experience of GMP would be a distinct advantage

Due to the volume of applications received for positions, it will not be possible to respond to all applications and only applicants who are considered suitable for interview will be contacted.

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