Shape better services as an Actuarial Consultant

To assist Scheme Actuaries, Senior Consultants and Analysts in provision of advice to a portfolio of pension schemes. May also include provision of Scheme Actuary services to smaller clients

Job title:

Actuarial Consultant

Job Description:

• Provides actuarial advice to trustees of defined benefit pension schemes as required by the pension scheme’s documentation and any statutory requirements (including Scheme Actuary appointment) 

• Provides actuarial advice to trustees of defined benefit pension schemes as required by the pension scheme’s documentation and any statutory requirements other than where the Scheme Actuary is required to provide such advice (if not appointed as the Scheme Actuary) 

• Provides advice to trustees and/or sponsors of defined benefit pension schemes in connection with all areas of funding and risk including (but not limited to): 

• Scheme Funding â€“ including working with the Actuarial Technical Centre (ATC) 

• Cash equivalent transfer values 

• Actuarial factors requires to administer the scheme 

• Mergers/acquisitions/scheme restructuring 

• Withdrawal events 

• Buy-out/buy-in 

• Enhanced transfer values and/or statutory increase exercises 

• Contracting in/out of the state pension scheme 

• Section 179/Section 143 actuarial valuations 

• Asset/liability modelling 

• De-risking 

• Pension Scheme design 

• Legislative/market developments 

• Risk management 

• Demographic developments; 

• Provides advice to sponsors of defined benefit schemes in areas including those listed above and also including (but not limited to): 

• GAAP for pension scheme accounting (including FRS102/IAS19/US GAAP) 

• Disclosures of information of directors’ pension benefits in statutory accounts; 

• Acts in accordance with the terms of appointment for any client 

• Delivers advice within statutory deadlines and/or deadlines agreed with client; 

• Liaises with other practice areas and external suppliers as required 

• Develops and continually strengthens pensions knowledge 

• Take responsibility for own projects 

• Process and tackle any complaints at earliest opportunity with a position attitude. 

• Acts in accordance with any statutory/professional/CEB guidelines including (but not limited to); 

• Continuing Professional Development 

• Peer review (including maintaining accurate, complete and up-to-date records) 

• Time recording (including maintaining accurate, complete and up-to-date records) 

• Conflicts of interest 

• Risk Management 

• Management of Errors and Omissions 

• Achieves client chargeable billable hours target as agreed. 

• Provides such management information as may be required from time-to-time, including (but not limited to): 

• Client activity/development 

• Income expectation/forecasting 

• Budgeting 

• Clients at risk 

• Errors and Omissions 

• Works with Senior Consultants to ensure smooth delivery for all services to client and to keep them abreast of all client activity. 

• To provide/process information in relation to invoicing of clients within agreed timescales. 

• Carries out research, development and special project work as agreed by managers and to deliver outputs within agreed timescales; 

• Assists in the management of actuarial resources as required 

• Cultivates a culture of compliance and risk awareness focusing on the principles of CEB and Capita Group. 

• Actively participate and contribute to a Practice Area Specialist Group 

• Develops an understanding of the client needs, treating them fairly at all times. 

• To comply at all times with the Compliance, Training and Competence framework of CEB 

• Actively participates in the Company’s performance management process. Agrees personal objectives and goals with managers and make every effort to satisfy these objectives within the specified time frames. 

• Commits to equal treatment of all staff/colleagues and treat everyone fairly. 

• Engages with Group’s brand values. 

• Maintains competence and market awareness 

• Adhere to the requirements set out in the Professional Standards Scheme 

Essential 

• Knowledge of benefits legislation and best practice

• Qualified Actuary or studying towards an actuarial qualification 

• Industry specific knowledge 

• Good communication skills 

• Ability to work flexibly and able to work under pressure 

• Proactive  

• Works positively with colleagues 

Desirable 

• Good presentation skills (or ability to acquire such skills) 

• PFaroe

• Market awareness and ability to assist in business development 

• Involved in profession/industry groups/committees/working parties and/or able to develop a profile within the profession/industry 

About Capita Pensions Solutions

At Capita Pension Solutions (CPS), we create and implement resilient and responsible pension strategies to help your organisation and your people look forward to a more secure financial future. From pensions administration and consultancy, to the latest technology and engagement techniques, we help ensure sustainable investments which support your success. Join us and discover better ways to engage with and value today’s employees.

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…and plenty more
• Voluntary benefits designed to suit your lifestyle – from discounts on retail and socialising, to health & wellbeing, travel and technology

You’ll get the chance to follow your chosen career path anywhere in Capita. You’ll be joining a network of 63,000 experienced, innovative and dedicated individuals across multiple disciplines and sectors. There are countless opportunities to learn new skills and develop in your career, and we’ll provide the support you need to do just that. Our purpose is to create a better outcome for you.

We’re supporting our clients as they adapt to a new world in the wake of COVID-19. We’re now recruiting for roles which will help our clients to deliver vital services and to resume business wherever possible.
 

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. If you have any questions you’d like to ask before applying, you can contact nigel.cooper@capita.com

All interviews, assessments and background checks will continue to take place online, to completely remove the need for face-to-face contact. All Capita colleagues who can work from home should do so; and where it is not possible for colleagues to work remotely, we have taken important steps to protect those working from Capita’s offices. Social distancing, enhanced hygiene and safety measures are already in place at all Capita locations that are open to protect our colleagues and manage the risk of COVID-19. The welfare of our people is of paramount importance to us, and we’re doing everything we can to keep our colleagues and customers safe during this time.

We’re an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and their passion for creating better outcomes, and we’re committed to creating an inclusive environment for all employees.