Overview
Key duties (including, but not limited to):
1. Perform all necessary data processing, including validation and manipulation at a scheme level. This will involve occasional coding work using their in-house data manipulation system
2. Calculating and checking individual member liabilities
3. Review scheme information, i.e. benefit summary, benefit changes and discuss anomalies with client teams
4. Use Firm’s bespoke valuation systems to perform actuarial valuations. Performing individual and scheme level checks on the output
5. Work with the other members of the technical team and people in the wider business on ad-hoc projects to improve efficiency and develop processes
6. Carrying out self checks on all of your work
7. Take responsibility for maintaining knowledge on relevant industry changes which impact on day to day work
Qualifications required:
8. Educated to at least a Scottish Higher Grade / A level or equivalent in Math
9. Support for those sitting the IFoA examinations is available for those who wish to continue sitting these exams
Experience required:
10. An understanding of the legislative framework and structure of defined benefit pension schemes
11. Proven defined benefit actuarial experience. This role would also be an option for actuarial students who might be looking to move away from a consultancy role and focus on more technical aspects
12. Good/advance knowledge of Microsoft Excel
13. An understanding of the legislative framework and structure of defined benefit pension schemes, commensurate with the level of experience in pensions actuarial work