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- Tasks: Join our GMP team to advise on pension benefit rectification projects.
- Company: Capita Pension Solutions is evolving with ambitious goals for the future.
- Benefits: Enjoy 23 days' holiday, matched pension, and flexible working options.
- Why this job: Be part of a growing team making a real impact in pensions consulting.
- Qualifications: Part qualified or qualified Actuary with GMP knowledge preferred.
- Other info: We promote an inclusive workplace and support your professional development.
The predicted salary is between 28800 - 48000 £ per year.
Overview
Shape better services as an Actuarial Consultant – GMP
Home Based
We are at an exciting point in our evolution, defining and executing Capita Pensions Consulting\’s strategic goals as well as developing the next generation of market leading Products and Services. We have ambitious objectives and plans for 2025 and beyond.
Our teams are trusted as scheme actuaries to over 200 pension schemes, our actuarial services include advice on pensions strategy and funding position, regular valuations, journey planning, de-risking, GMP equalisation, and integrated risk management.
We are looking for a nearly or qualified Actuarial Consultant to join our GMP team. This is a rapidly growing team and represents an exciting opportunity to be involved in GMP equalisation and other rectification projects.
GMP equalisation is currently a subject on the agenda for all Trustees\\\’ meetings. This role represents an opportunity to be at the forefront of this area in a client facing role.
The primary purpose of the role is to assist in the provision of advice in relation to GMP equalisation and other rectification exercises and to deliver the results to clients acting as a trusted advisor for a portfolio of schemes
Job title: Actuarial Consultant – GMP
Job Description:
Responsibilities
- To advise clients in relation to benefit rectification projects both for ongoing pension schemes and those heading towards buy in/out or wind up
- To carry out benefit rectification projects, liaising with other departments where required and to provide technical support to the rest of the department
- Participate in the development of actuarial policy in relation to occupational pension scheme valuations, financial reporting and pensions legislative developments
- Provide peer review sign off and mentoring functions to other actuaries and staff
- Contribute to sales and sales presentations to generate revenue growth
- Our culture ensures all new employees are engaged, entrusted and empowered so they feel part of company, have pride in working for Pensions Consulting, and feel as though they make a difference
What are we looking for
Qualifications
Studying for an actuarial qualification or qualified by experience (full study is available to complete your studies if required)
Skills required
Essential
- Experience of working in an actuarial team ideally with GMP knowledge
- Knowledge of benefits legislation and best practice
- Good communication skills
- Ability to work flexibly and able to work under pressure
- Proactive
Desirable
- Knowledge of PFaroe actuarial consulting software
- Experience of working in an actuarial role in a pensions consultancy
About Capita Pension Solutions
At Capita Pension Solutions (CPS) we continue to grow and evolve our Strategy & Product function. We are at another exciting point in that evolution, defining and executing CPS\\\’s strategic goals as well as developing the next generation of market leading Products and Services. We have ambitious objectives and plans for 2025 and beyond.
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, paternity pay of two weeks…and plenty more
- Voluntary benefits designed to suit your lifestyle – from discounts on retail and socialising, to health & wellbeing, travel and technology
- The opportunity to take a paid day out of the office, volunteering for our charity partners or a cause of your choice
- Access to our Employee Network Groups, which represent every strand of diversity and allow colleagues to connect and learn from each other on an open, inclusive platform
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.
As part of our commitment to building an inclusive and diverse workforce, we would particularly welcome applications from people who are from Black, Asian and other ethnic minority backgrounds
We\\\’re an equal opportunity and Disability Confident employer, which means we recruit and develop people based on their merit and passion. We\\\’re committed to providing an inclusive, barrier-free recruitment process and working environment for everyone. If you need the job description or application form in an alternative format (such as large print or audio), or if you\\\’d like to discuss other changes or support you might need going forward, please email Iqbal at reasonableadjustments@capita.com or call 07784 237318 and we\\\’ll get back to you. For more information about equal opportunities and process adjustments, please visit the Capita Careers website.
Access to Work can help candidates with a physical or mental health condition or disability to get support in the hiring process, including communication support at interviews such as a British Sign Language interpreter. If you require this support you can apply for this support at https://www.gov.uk/guidance/apply-for-communication-support-at-a-job-interview-if-you-have-a-disability-or-health-condition-access-to-work
Location
United Kingdom
Time Type: Full time
Contract Type: Permanent
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Contact Detail:
ENGINEERINGUK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Consultant - GMP
✨Tip Number 1
Familiarise yourself with GMP equalisation and related rectification projects. Understanding the nuances of these topics 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 the actuarial field, especially those who have worked at Capita Pension Solutions. They can provide valuable insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 3
Prepare to discuss your experience with actuarial software, particularly PFaroe if you have it. Even if you haven't used it directly, showing a willingness to learn and adapt to new tools can set you apart from other candidates.
✨Tip Number 4
Highlight your communication skills and ability to work under pressure during any discussions. These are essential for the role, especially since you'll be acting as a primary point of contact for clients.
We think you need these skills to ace Actuarial Consultant - GMP
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Actuarial Consultant - GMP. Familiarise yourself with GMP equalisation and benefit rectification projects, as these are key aspects of the role.
Tailor Your CV: Highlight your relevant experience in actuarial teams, especially any work related to GMP knowledge. Make sure to include specific examples of your contributions to similar projects and your ability to meet client needs.
Craft a Compelling Cover Letter: Use your cover letter to express your passion for the role and the company. Discuss how your skills align with the job requirements, particularly your communication skills and ability to work under pressure.
Showcase Your Qualifications: Clearly state your qualifications, whether you are part qualified or fully qualified. If you have experience with PFaroe actuarial consulting software, be sure to mention it, as this is a desirable skill for the position.
How to prepare for a job interview at ENGINEERINGUK
✨Showcase Your Actuarial Knowledge
Make sure to brush up on your understanding of GMP equalisation and related legislation. Be prepared to discuss specific projects you've worked on and how they relate to the role.
✨Demonstrate Communication Skills
As an Actuarial Consultant, you'll need to communicate complex information clearly. Practice explaining technical concepts in simple terms, as you may need to do this with clients who aren't familiar with actuarial jargon.
✨Highlight Teamwork and Leadership Experience
Since the role involves supervising junior team members, be ready to share examples of how you've mentored or led a team in the past. This will show your ability to enhance the quality of work and support colleagues.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask about the company's goals and the GMP team's future projects. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
