Actuarial Consultant - GMP

Shape better services as an Actuarial Consultant - GMP

You can be home based or work from one of our hub offices (London, Leeds, Reading or Bristol) or have a blended base of home/office.

We are at an exciting point in our evolution, defining and executing Capita Pensions Consulting’s strategic goals as well as developing the next generation of market leading Products and Services. We have ambitious objectives and plans for 2024 and beyond.

Our teams are trusted as scheme actuaries to over 200 pension schemes, our actuarial services include advice on pensions strategy and funding position, regular valuations, journey planning, de-risking, GMP equalisation, and integrated risk management.

We are looking for an Actuarial Consultant to join our GMP team. This is a rapidly growing team and represents an exciting opportunity to be involved in GMP equalisation and other rectification projects.

GMP equalisation is currently a subject on the agenda for all Trustees’ meetings. This role represents an opportunity to be at the forefront of this area.

The primary purpose of the role is to assist in the provision of advice in relation to GMP equalisation and other rectification exercises and to deliver the results to clients.

The purpose of the team is:

To advise clients in relation to benefit rectification projects both for ongoing pension schemes and those heading towards buy in/out or wind up.

To carry out benefit rectification projects, liaising with other departments where required and to provide technical support to the rest of the department.

Job Description

Key responsibilities include:

• Provides high quality actuarial work to the Actuarial & Investment Practice from within the Actuarial & Investment Technical Centre.
• Producing and checking technical calculations and draft client advice for Scheme Actuaries in connection with all areas of funding and risk including (but not limited to):
• Section 179 actuarial valuations.
• Individual calculations (where relevant).
• Coding of actuarial software to perform calculations of pension benefits.
• Works with AITC Team Leader/Manager to ensure smooth delivery for all projects within the AITC.
• Carries out research, development and special project work as agreed by managers and to deliver outputs within agreed timescales.

Experience, qualifications, and key skills

• Full or part-qualified Actuary or qualified by experience.
• Up to date pensions industry knowledge.
• Ability to produce and check actuarial work to a high standard.
• Proactive and works positively with colleagues.
• Experience with PFaroe software.

About Capita Pension Solutions

At Capita Pension Solutions (CPS) we continue to grow and evolve our Strategy & Product function. We are at another exciting point in that evolution, defining and executing CPS’s strategic goals as well as developing the next generation of market leading Products and Services. We have ambitious objectives and plans for 2023 and beyond and in support of that we are seeking applications for two very important roles.

What’s in it for you?

• 23 days’ holiday (rising to 27) with the opportunity to buy extra leave.
• Company matched pension, life assurance, a cycle2work scheme, 15 weeks’ fully paid maternity, adoption and shared parental leave, paternity pay of two weeks…and plenty more.
• Voluntary benefits designed to suit your lifestyle – from discounts on retail and socialising, to health & wellbeing, travel and technology.
• The opportunity to take a paid day out of the office, volunteering for our charity partners or a cause of your choice.
• Access to our Employee Network Groups, which represent every strand of diversity and allow colleagues to connect and learn from each other on an open, inclusive platform.

What we hope you’ll do next:

Choose ‘Apply now’ to fill out our short application, so that we can find out more about you.

We’re an equal opportunity and Disability Confident employer, which means we recruit and develop people based on their merit and passion. We’re committed to providing an inclusive, barrier-free recruitment process and working environment for everyone. If you need the job description or application form in an alternative format (such as large print or audio), or if you’d like to discuss other changes or support you might need going forward, please email Iqbal at reasonableadjustments@capita.com or call 07784 237318 and we’ll get back to you.