Actuarial Analyst - GMP

Shape better services as an Actuarial Analyst GMP

Home Based

We are looking for someone with DB pensions experience to join our team.

Who are we?

Capita Pensions Consulting are trusted as scheme actuary 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 partner with our Trustees and are a team that have industry leading actuarial skills and bandwidth to help trustees tackle the core legal and regulatory responsibilities they must meet. Our team tailor sustainable and pragmatic solutions that enable our clients to mitigate risks and plan the future.

Job title: Actuarial Analyst - GMP

Job Description:

What will you be doing:

Working on a wide range of DB pensions projects for DB pensions clients and bulk annuity providers.

Work includes:

• Benefit calculation audits
• Data validation/audits and improvement/creation projects
• Benefits and data due diligence
• Benefit correction/rectification exercises
• Benefit calculation proforma for administration teams to use on smaller clients
• Calculations testing (both doing calculations to test against automated results and using pensions knowledge to identify errors in/improve automated calculations)
• Benefit summary specification creation or review
• Documenting issues/results with clear communication style by email and phone
• Liaising with internal contacts across the wider pensions business
• Drafting consulting reports on projects, as required

Key Duties/Responsibilities:

• Working directly with actuaries and consultants within the GMP team and, if required, more widely within the actuarial department
• Liaising with administration teams to resolve identified issues in a pragmatic yet technically accurate way
• Providing an audit trail on all work activities
• Supporting the management of the team’s workflow to achieve client delivery
• Taking responsibility for own learning and development, keeping up to date with pensions’ regulatory developments

What can we offer you?

The team you will be joining tailor sustainable and pragmatic solutions that enable our clients to mitigate risks and plan for the future. You will be supported to learn and grow in a team of actuarial professionals and be supported with your studies and exams both financially and with time out for study and exams.

Your study for the actuarial exams will be supported financially, with study and exam leave and support for your colleagues and line manager.

Salary increments with exam passes.

• 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

Who are we looking for?

• Currently working in a pensions actuarial team ideally with GMP experience
• Excel skills – vlookups and macros
• Member of the Institute and Faculty of Actuaries and working towards becoming a qualified actuary or wanting to start the actuarial exams (with full study support available)
• Good team player, with excellent attitude and flexible approach to work
• Experience in using PFaroe actuarial software (preferable)

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 2025 and beyond.

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.

Location: United Kingdom

Time Type: Full time

Contract Type: Permanent