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- Tasks: Join our actuarial student scheme and support data analysis for bulk annuity policies.
- Company: We are a leading firm in the financial services sector, specialising in pensions and annuities.
- Benefits: Enjoy a permanent position with opportunities for professional development and study support.
- Why this job: Gain hands-on experience in a dynamic environment while working towards your FIA qualification.
- Qualifications: Ideal for student actuaries with Defined Benefit pensions experience and strong Excel skills.
- Other info: Opportunity to work in London and engage with external stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
This role would be to join the actuarial student scheme, the first rotation for this role will be within the Data team within Operations of the Bulk Purchase Annuities service line, supporting the analysis of executed bulk annuity policies.
Location: London
Category: BPA Analyst
Type: Permanent
Key Duties (Including but not limited to):
- Responsibility for the benefit modelling of schemes and accurate & complete data manipulation. This also includes premium true-up calculations.
- Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.
- Support the transition of bulk schemes through to Buy Out including the data verification processes. This includes attending external calls where appropriate.
- Ensure familiarity with risk management programs, and follow appropriate risk management procedures to control, monitor and report on business activities.
- Actively study for the qualification as an FIA (or equivalent).
- Student actuary who has Defined Benefit pensions experience. This could be through a pensions consultancy, an in-house pensions team, or prior Bulk Purchase Annuities experience.
- Basic knowledge of GMP equalisation is desirable but not essential.
- Good knowledge of MS Excel.
- Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.
Senior Actuarial Trainee (BPA Operations) – 28513 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee (BPA Operations) – 28513
✨Tip Number 1
Familiarise yourself with the Bulk Purchase Annuities (BPA) service line. Understanding the nuances of BPA operations will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees in similar roles. They can provide insights into the company culture and expectations, which can be invaluable during your discussions with us.
✨Tip Number 3
Brush up on your Excel skills, especially in data manipulation and analysis. Being proficient in Excel is crucial for this role, and showcasing your abilities can set you apart from other candidates.
✨Tip Number 4
Stay updated on the latest trends and regulations in pensions and actuarial science. This knowledge will not only help you in the role but also show us that you are proactive and committed to your professional development.
We think you need these skills to ace Senior Actuarial Trainee (BPA Operations) – 28513
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial work, particularly any roles related to Defined Benefit pensions or Bulk Purchase Annuities. Use specific examples to demonstrate your skills in data manipulation and analysis.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Senior Actuarial Trainee position and explain why you are a good fit. Mention your commitment to studying for the FIA qualification and any relevant experience that aligns with the job description.
Highlight Technical Skills: Emphasise your proficiency in MS Excel and any other relevant software tools. If you have experience with risk management programs or actuarial control frameworks, be sure to include that as well.
Showcase Your Learning Mindset: Since this role involves active study towards qualification, mention any previous learning experiences or courses you've undertaken. This shows your dedication to professional development and aligns with the expectations of the role.
How to prepare for a job interview at The Emerald Group
✨Showcase Your Analytical Skills
As a Senior Actuarial Trainee, you'll be dealing with data manipulation and benefit modelling. Be prepared to discuss your experience with data analysis, particularly in relation to bulk annuity policies. Highlight any relevant projects or coursework that demonstrate your analytical capabilities.
✨Familiarise Yourself with Risk Management
Understanding risk management is crucial for this role. Make sure you can articulate the importance of risk management procedures and how they apply to actuarial work. Consider discussing any previous experiences where you had to manage or report on risks.
✨Prepare for Technical Questions
Expect technical questions related to Defined Benefit pensions and GMP equalisation. Brush up on these topics and be ready to explain complex concepts in simple terms. This will show your depth of knowledge and ability to communicate effectively.
✨Demonstrate Your Commitment to Professional Development
Since this role involves studying for FIA qualifications, express your enthusiasm for continuous learning. Share your study plans and how you intend to balance work and study. This shows your dedication to both personal and professional growth.
