At a Glance
- Tasks: Support complex reinsurance administration and actuarial modelling activities in a hybrid role.
- Company: Leading Pensions and Investment client in the financial services sector.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Collaborate with tech teams and enjoy a supportive work environment.
- Why this job: Join a dynamic team to enhance reinsurance systems and make a real impact.
- Qualifications: 5+ years in pensions or life insurance with strong cashflow modelling skills.
The predicted salary is between 59400 - 72600 £ per year.
Sector: Other
Reference: BBBH _ Actuary - DB Pensions Hybrid Working Financial Services Lorien's leading Pensions and Investment client is looking for an experienced Actuary with strong expertise across pensions, life insurance and/or longevity reinsurance to support complex reinsurance administration, reconciliation and actuarial modelling activities.
The successful candidate will combine strong actuarial and commercial knowledge with hands-on experience of DB pension schemes, cashflow modelling and pension de-risking solutions.
The role will also work closely with Technology and Data teams to enhance reinsurance systems, data processes and controls.
The Ideal candidate has strong hands-on experience working with DB Pension Schemes, and Cash Flow Modelling.
This role is working in a Hyrid Model of 2 days a week at a local site.
This role will be Via Umbrella.
Key Responsibilities Complete detailed reinsurance reconciliations, ensuring administration aligns with underlying treaty terms.
Reconcile inception data, claims and premium projections, movements and lump-sum settlements.
Assess and implement reconciliation impacts on collateral calculations and produce clear management reporting.
Design and maintain sophisticated Excel cashflow models covering premiums, claims, lump sums and collateral valuations.
Ensure historic actuarial basis reviews have been implemented accurately.
Act as a key escalation point for dispute resolution, investigating issues and facilitating timely outcomes.
Establish robust modelling processes, documentation, audit trails and version controls to support governance and risk management.
Work with Technology, Data and Architecture teams to design and develop centralised reinsurance treaty administration capabilities.
Configure, test and validate reinsurance arrangements, including calculations, cashflows, collateral mechanics and contractual benefits.
Develop and test end-to-end data feeds, ensuring data accuracy, completeness and auditability.
Experience & Skills5+ years' experience within pensions, life insurance and/or longevity reinsurance.
Extensive experience completing reinsurance reconciliations.
In-depth knowledge of Defined Benefit (DB) pension schemes and interpretation of scheme rules.
Strong knowledge of benefit calculations including GMP, revaluation, increases in payment and early/late retirement adjustments.
Strong experience building actuarial cashflow projection models in Excel.
Good understanding of reinsurance treaties, premiums, claims and collateral calculations.
Strong analytical, reconciliation and problem-solving capability.
Ability to communicate complex actuarial issues clearly to both technical and non-technical stakeholders.
Experience working with Technology/Data teams on systems, data feeds, testing or reinsurance administration solutions.
Commercial knowledge of pension de-risking products, including bulk annuities and longevity swaps, is highly desirable.
IND_PC3Guidant, Carbon60, Lorien & SRG - The Impellam Group Portfolio are acting as an Employment Business in relation to this vacancy.
Acutary - DB Pensions in London employer: Lorien Resourcing
Join a dynamic and innovative technology business in Glasgow or Edinburgh, where you'll not only lead the delivery of complex data-driven solutions but also play a pivotal role in mentoring and developing your colleagues. With a hybrid working model and a strong focus on career progression, this is an excellent opportunity to shape best practices in a supportive environment that values technical expertise and leadership. Enjoy the unique advantage of working within the financial services sector, tackling enterprise-scale projects that make a real impact.
StudySmarter Expert Advice🤫
We think this is how you could land Acutary - DB Pensions in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Lorien Resourcing. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Lorien Resourcing.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Lorien Resourcing. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Acutary - DB Pensions in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Lorien Resourcing and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Lorien Resourcing how you can be a team player!
How to prepare for a job interview at Lorien Resourcing
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Lorien Resourcing.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Lorien Resourcing's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
