Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join us as an Actuarial Calculations Analyst, focusing on Defined Benefits and member options.
- Company: Work with a leading client in the actuarial field, dedicated to enhancing member experiences.
- Benefits: Enjoy fully remote work, competitive market rates, and potential long-term opportunities.
- Why this job: Make a real impact in the DB area while developing your actuarial skills in a supportive environment.
- Qualifications: FIA qualification required, along with solid actuarial experience and strong IT skills, especially in Excel.
- Other info: This role is Inside IR35, offering flexibility and the chance to innovate in automated calculations.
The predicted salary is between 36000 - 60000 £ per year.
Contract Actuarial Calculations Analyst - DB (Defined Benefits)
Our client is looking for an Actuarial Calculations Analyst with Defined Benefits experience. The assignment has been initially scoped for 3 - 6 months with potential to extend beyond long term thereafter. The role has been deemed Inside IR35. Fully remote working.
Market rates
Skills & experience:
- Solid Actuarial experience
- Defined Benefit experience
- Manual calculations
- Experience of completing member options calculations
- Support the growth/development of the DB area and our member experience
- Able to provide calculation support for standard and non-standard member option calculations
- Analyse new scheme benefit data and enable automated tool (to run and maximise outputs in order to remove manual calculations support)
- FIA qualification
- Strong IT skills, particularly Excel
- Knowledge of technical actuarial concepts, specifically principles underlying bulk annuity pricing
- Awareness of DB buy in/buy out market, life insurance/relevant regulation
- Experience of pensions or investment consultancy, life insurer or reinsurer
Actuarial Calculations Analyst - DB (Defined Benefits) employer: Proactive Appointments
Contact Detail:
Proactive Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Calculations Analyst - DB (Defined Benefits)
✨Tip Number 1
Network with professionals in the actuarial field, especially those with Defined Benefits experience. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in DB calculations.
✨Tip Number 2
Familiarise yourself with the specific software and tools commonly used in actuarial calculations. Being proficient in Excel is crucial, so consider brushing up on advanced functions and data analysis techniques that are relevant to the role.
✨Tip Number 3
Stay updated on the latest regulations and market trends related to Defined Benefits schemes. Understanding the nuances of DB buy-in/buy-out processes will give you an edge during discussions with potential employers.
✨Tip Number 4
Prepare to discuss your experience with manual calculations and member options calculations in detail. Be ready to provide examples of how you've supported the growth of DB areas and improved member experiences in your previous roles.
We think you need these skills to ace Actuarial Calculations Analyst - DB (Defined Benefits)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant actuarial experience, particularly in Defined Benefits. Emphasise your manual calculations skills and any specific projects you've worked on that relate to member options calculations.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Actuarial Calculations Analyst role. Mention your FIA qualification and how your IT skills, especially in Excel, will benefit the team. Be sure to connect your past experiences with the requirements listed in the job description.
Showcase Technical Knowledge: Demonstrate your understanding of technical actuarial concepts in your application. Discuss your awareness of the DB buy in/buy out market and any relevant regulations, as this will show your depth of knowledge in the field.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in actuarial work.
How to prepare for a job interview at Proactive Appointments
✨Showcase Your Actuarial Expertise
Make sure to highlight your solid actuarial experience during the interview. Be prepared to discuss specific projects or calculations you've worked on, especially those related to Defined Benefits, as this will demonstrate your suitability for the role.
✨Demonstrate Technical Proficiency
Since strong IT skills, particularly in Excel, are crucial for this position, be ready to discuss your proficiency with spreadsheets and any relevant tools. You might even want to prepare examples of how you've used Excel to streamline calculations or analyse data.
✨Understand the DB Market
Familiarise yourself with the principles underlying bulk annuity pricing and the current trends in the DB buy-in/buy-out market. Showing that you have a grasp of these concepts will impress the interviewers and indicate that you're well-prepared for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, especially regarding member options calculations. Think of scenarios where you've had to analyse new scheme benefit data or automate processes, and be ready to explain your thought process and outcomes.
