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- Tasks: Join our actuarial student scheme, focusing on data analysis and benefit modelling.
- Company: Be part of a leading firm in Bulk Purchase Annuities, shaping financial futures.
- Benefits: Enjoy a permanent role with opportunities for professional growth and development.
- Why this job: Gain hands-on experience while studying for your FIA qualification in a supportive environment.
- 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: Job Traffic
Contact Detail:
Job Traffic 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 professionals in the actuarial field, especially those who have experience in Defined Benefit pensions or BPA. Engaging in conversations can provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your Excel skills, particularly in data manipulation and modelling. Being proficient in Excel is crucial for this role, so consider taking a short course or practising relevant functions.
✨Tip Number 4
Stay updated on current trends and regulations in the actuarial field, especially around GMP equalisation. This knowledge can set you apart during discussions and show your commitment to continuous learning.
We think you need these skills to ace Senior Actuarial Trainee (BPA Operations) – 28513
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and requirements. Highlight your relevant experience in benefit modelling, data manipulation, and any exposure to Bulk Purchase Annuities.
Tailor Your CV: Customise your CV to reflect your actuarial experience, particularly in Defined Benefit pensions. Emphasise your skills in data analysis and MS Excel, as well as any relevant qualifications or studies towards FIA.
Craft a Compelling Cover Letter: Write a cover letter that connects your background with the specific duties of the role. Mention your enthusiasm for the actuarial field and how you can contribute to the Data team within BPA Operations.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your application is clear, concise, and free from typos to make a strong impression.
How to prepare for a job interview at Job Traffic
✨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 Defined Benefit pensions or Bulk Purchase Annuities. Highlight specific projects where you've successfully managed data.
✨Demonstrate Your Understanding of Risk Management
Familiarity with risk management programs is crucial for this role. During the interview, make sure to mention any relevant experience you have in implementing risk management procedures. Discuss how you’ve monitored and reported on business activities in previous roles.
✨Prepare for Technical Questions
Expect technical questions related to actuarial principles, especially around GMP equalisation and premium true-up calculations. Brush up on these topics and be ready to explain your understanding clearly. This will show your commitment to the role and your readiness to learn.
✨Express Your Commitment to Professional Development
Since this role involves studying for the FIA qualification, convey your enthusiasm for continuous learning. Share your study plans and how you intend to balance work and study. This demonstrates your dedication to both personal and professional growth.
