At a Glance
- Tasks: Lead innovative pension solutions and manage a diverse portfolio of schemes.
- Company: Dynamic firm revolutionising pension management with cutting-edge technology.
- Benefits: Up to £80k salary, bonuses, hybrid work, and career development opportunities.
- Other info: Collaborative environment with mentorship and growth potential.
- Why this job: Join a market leader and make a real impact in the pension industry.
- Qualifications: FIA qualified actuary with 4-10 years of experience.
The predicted salary is between 45000 - 80000 £ per year.
Location: UK-wide hybrid, Manchester, Edinburgh, Glasgow, Leeds, London. Other office locations will be considered.
Package: Up to £80,000 base + bonus for checker; £45,000-65,000 base + bonus for doer.
Traditional DB pension management is often slow and bogged down by governance. This role sits within a team at the forefront of Operational Consolidation, providing a 'one-stop-shop' solution that replaces traditional, inefficient models. Using their award-winning Pension Platform, this team manages over 65 schemes collectively. By bringing administration, actuarial, and investment services under one roof, they can provide 'big scheme' service and £1bn+ investment buying power to schemes of all sizes.
The Team:
- No More 'Boring' Admin: Through a partnership with professional trustees, admin is automated, so you can focus on technical calculations and strategic advice, not secretarial tasks.
- Market-Leading Growth: With 65+ schemes already on the platform and £3bn in assets, you’re joining a growing DB Master Trust / Consolidator of the Year.
- End-to-End Ownership: You won’t just see fragments of a scheme. You build the models, you run the numbers, and you see the direct impact on the scheme's endgame.
The role:
- Heavy involvement in 'endgame' planning, including scheme buy-outs, GMP equalisation, and benefit rectification.
- Take ownership of a portfolio of schemes, direct ownership of client communications and attend meetings as you progress.
- Responsibility for valuations, member benefit calculations, funding updates, and accounting disclosures.
- Performing and checking pension liability calculations.
- Manage workflow and mentor junior colleagues.
The Individual:
FIA: Nearly/ Newly qualified Actuary, 4-10 years total experience.
Actuarial Manager | DB Consolidation employer: BWD Search & Selection
Contact Detail:
BWD Search & Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Manager | DB Consolidation
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the hunt for an Actuarial Manager role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding the latest trends in DB pension management. Be ready to discuss how you can bring value to the team with your experience in endgame planning and client communications.
✨Tip Number 3
Showcase your achievements! When you get the chance to chat with potential employers, highlight specific projects where you've made a significant impact, especially in valuations and member benefit calculations. Numbers speak louder than words!
✨Tip Number 4
Don't forget to apply through our website! We’ve got a streamlined process that makes it easy for you to submit your application and get noticed. Plus, it shows you're serious about joining our award-winning team.
We think you need these skills to ace Actuarial Manager | DB Consolidation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Actuarial Manager role. Highlight your experience in DB pension management and any relevant projects you've worked on, so we can see how you fit into our team.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention your experience with endgame planning and client communications.
Showcase Your Technical Skills: Since this role involves heavy technical calculations, make sure to highlight your actuarial skills and any software or tools you’re proficient in. We want to know how you can contribute to our award-winning Pension Platform!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at BWD Search & Selection
✨Know Your Numbers
As an Actuarial Manager, you'll be expected to handle complex calculations and valuations. Brush up on your technical skills and be ready to discuss specific examples of how you've managed pension liabilities or performed valuations in the past. This will show your expertise and confidence in the role.
✨Understand the Business Model
Familiarise yourself with the company's award-winning Pension Platform and how it streamlines traditional DB pension management. Be prepared to discuss how you can contribute to their operational consolidation efforts and improve efficiency. Showing that you understand their unique approach will set you apart.
✨Showcase Your Leadership Skills
Since the role involves mentoring junior colleagues and managing client communications, highlight your leadership experience. Share examples of how you've successfully guided teams or improved processes in previous roles. This will demonstrate your ability to take ownership and drive results.
✨Prepare for Scenario Questions
Expect questions about endgame planning, GMP equalisation, and benefit rectification. Think through potential scenarios you might face in the role and how you would approach them. This preparation will help you articulate your thought process and problem-solving skills during the interview.