Details Reference number 278506 Salary £62,040 - £109,111 External applicants will start on the pay band minimum for the role appointed to, unless they can prove they have exceptional skills in line with the requirements of the role. Internal applicants applying on promotion will usually be appointed to the salary minimum or within 5% of existing salary. Standard pay rules apply for existing civil servants. A Civil Service Pension with an average employer contribution of 27% GBP Job grade Other Actuary Band 1 - 4 Contract type Permanent Business area Public Service Pension Schemes Team (PSPS) and Specialist Actuarial Team (SA) Type of role Analytical Economist Risk Management Statistics Working pattern Flexible working, Full-time, Job share, Part-time Number of jobs available 3 Contents Location About the job Benefits Things you need to know Apply and further information Location 10 South Colonnade, Canary Wharf, London E14 4PU / Edinburgh Government Hub Queen Elizabeth House, Edinburgh EH8 8FT About the job Job summary The Government Actuarys Department provides actuarial solutions including financial risk analysis, modelling and advice to support the UK public sector. Our mission is to improve the stewardship of public sector finances by supporting effective decision making and robust reporting. We do this by bringing together actuarial knowledge and expertise, analytical techniques, consultancy discipline and high standards of professionalism. We have consulting actuary positions available in our Public Service Pensions and Specialist Actuarial team. We are looking for qualified actuaries who can quickly understand the issues facing our clients and provide clear high-quality advice. These roles may be of particular interest to those currently working with Defined Benefit pensions or annuities who want to broaden their career and develop new areas of expertise, while also providing advice that makes a difference to the UK. Please note, this is a rolling campaign and sifting will take place monthly. For further details, see dates below. You can find out more about GAD, our work, the open positions, and our assessment process in the following recruitment pack and YouTube video: GAD Actuary Recruitment Pack - January 2024 (publishing.service.gov.uk) Actuaries in government - YouTube As part of these roles you will be expected to: Build and maintain strong relationships with our clients Provide timely, efficient, high-quality advice Work closely with clients to understand the problems facing them, and how actuarial advice and analysis can be used to improve outcomes. Define the scope and manage the delivery of analysis underpinning the actuarial advice provided for clients. Champion the value of actuarial advice within government. Build strong connections within GAD and develop contacts across the wider public sector. Person specification Please refer to our recruitment pack for more information about the role and the assessment criteria. To apply for these roles you must be a Fellow of the Institute and Faculty of Actuaries (or hold an equivalent qualification from an international actuarial body). Well assess you against these behaviours during the selection process: Working together Seeing the big picture Delivering at pace Communicating and influencing Well assess you against these strengths during the selection process: Decisive Adaptable Analytical Explainer Confident Authentic Behaviours We'll assess you against these behaviours during the selection process: Delivering at Pace Seeing the Big Picture Working Together Communicating and Influencing Benefits Alongside your salary of £62,040, Government Actuary's Department contributes £16,750 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides. As well as competitive salaries, we offer a substantial package of benefits: 25 days annual leave per year, increasing to 30 days after 5 years service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues) GAD expects colleagues in the office 60% of the time. We would expect you in our Canary Wharf at least three days a week, dependent on operational requirements and typically the other days at home. Pension -An average employer pension contribution of 27% per year. Professional Fees you can claim back the cost of professional fees associated with your role. Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development. Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave A working culture which encourages inclusion and diversity Complimentary BUPA health check for permanent colleagues Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups Salary advances for travel costs, including season tickets and cycle-to-work schemes Things you need to know Selection process details This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Strengths. This recruitment will run as a rolling campaign. Please find the dates below. First sift Application deadline: 1200 hrs on 11 Dec 2023 Shortlisting: w/c 11 Dec 2023 Interviews: w/c 01 Jan 2024 Second sift Application deadline: 1200 hrs on 08 Jan 2024 Shortlisting: w/c 08 Jan 2024 Interviews: w/c 22 Jan 2024 Third sift Application deadline: 1200 hrs on 05 Feb 2024 Shortlisting: w/c 05 Feb 2024 Interviews: w/c 19 Feb 2024 Fourth sift Application deadline: 1200 hrs on 04 March 2024 Shortlisting: w/c 04 March 2024 Interviews: w/c 18 March 2024 Fifth sift Application deadline: 1200 hrs on 01 April 2024 Shortlisting: w/c 01 April 2024 Interviews: w/c 15 April 2024 Sixth sift Application deadline: 1200 hrs on 29 April 2024 Shortlisting: w/c 29 April 2024 Interviews: w/c 13 May 2024 All interviews will take place in person at either our London office (E14 4PU) or Edinburgh office (EH8 8FT). Please apply via our recruitment portal below. As part of the application form process, please submit your CV and supporting statement. Please do not email your CV outside of this process as it will not be accepted. Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed). A reserve list will be held for a period of 12 months from which further appointments can be made. Feedback will only be provided if you attend an interview or assessment. Security Successful candidates must undergo a criminal record check. People working with government assets must complete baseline personnel security standard (opens in new window) checks. Nationality requirements This job is broadly open to the following groups: UK nationals nationals of the Republic of Ireland nationals of Commonwealth countries who have the right to work in the UK nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window) nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS) individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020 Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service