|Job Title:||Nearly/Newly Qualified Actuary|
|Description:||Nearly/Newly Qualified Actuary - Croydon, Surrey
The nearly or newly qualified actuary will report to the Head of Actuarial Services and
additionally will work closely with other teams, including the Levy Team, the Legal
team, the Asset Manager and the Assessment Team.
The main focus of this role is expected to be actuarial calculation work although the
responsibilities will include non-analytical work as well.
Below is a list of typical responsibilities for this role and these may develop as processes evolve:
Models the levy quantum and determines the levy scaling factor in
conjunction with the Investment and Finance function.
Models the potential financial impact of schemes that have entered an
assessment period, for management information and for the Board's
Carries out the valuation of assets and liabilities from pension schemes that
have entered the Pension Protection Fund.
Evaluates the effectiveness of models and provides suggestions for
improvement. Constructs new models as required.
General actuarial work
Provides actuarial support for the calculation of levy invoices.
Provides actuarial input to the process underlying the supply of data for
actuarial calculations, including checks and validation of that data.
Works on the validation of compromise agreements.
Provides actuarial advice on fraud compensation arrangements and claims.
Communicates analysis and conclusions to the Head of Actuarial Services as
Internal and external communications
Liaises with other teams within the organisation, using actuarial skills to
comment on financial implications and experience of pension schemes to
bring a practical perspective to policy decisions. In particular works closely
with the Levy Team and the Legal Team.
Links with relevant professional bodies and external organisations.
Provides actuarial input to liaison with wider organisation stakeholders.
Newly qualified actuary must have passed 6 of CT1 to CT8 and two of: CA1, ST0 to ST6, SA0 to SA6 where CA1 counts as two exams. Appliactions from nearly qualified actuaries who intend to continue taking examinations or have decided to cease are both welcome. Minimum of 3 year experience within the pensions industry either in a consultance, insurance company or in-house pensions adviser for a company. Good Understanding of policies and related pension issues and policies surrounding the wind-up of a pensions scheme.
|Salary Range:||£45000 - £55000/annum excellen|
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