At a Glance
- Tasks: Lead benefits calculations and modelling, collaborating with developers on innovative pension solutions.
- Company: Dynamic UK consultancy specialising in analytics and actuarial services.
- Benefits: Competitive salary, professional development, and opportunities to work on cutting-edge projects.
- Other info: Ideal for those seeking a systems-focused role with excellent career growth.
- Why this job: Join a forward-thinking team and make a real impact in the pensions sector.
- Qualifications: Strong pensions modelling knowledge and experience with actuarial software.
The predicted salary is between 56700 - 69300 £ per year.
Referment is working with a UK analytics and actuarial consultancy providing advice across pensions and financial services, energy, health and analytics.
You'd join its pensions and investment technology department, which builds and maintains models supporting the firm's defined benefit pensions consulting — spanning pensions actuarial, pensions administration and investment consulting, and covering benefits configuration, calculation and asset-liability modelling.
The Role
- Use your benefits calculation and modelling expertise, with input from other internal subject-matter experts, to agree appropriate technical specifications for the calculation and modelling systems.
- Design, build and own benchmark test results covering specific areas of functionality in a risk-orientated way.
- Work closely with in-house developers on new features and updates as the expert through the development and testing process.
- Consider how new features and changes are communicated to users, documented and reflected in the professional requirements for actuarial models.
- Contribute to emerging areas such as AI innovation, increased process and calculation automation, and Collective Defined Contribution schemes.
- Share and build pensions knowledge in the development teams through training, mentoring and recruitment.
- Support a large existing system that underpins ongoing work, while helping to keep improving it and adapt to changing business requirements.
What We're Looking For
- Sufficient breadth and depth of pensions modelling knowledge to hold credibility with business stakeholders and developers, ideally including first-principles technical defined benefit calculations (for example anti-franking, GMP conversion, retirement options such as bridge pensions and pension increase exchanges, and pensions tax limits) and GMP equalisation methodologies.
- A professional qualification such as IFo A, especially with a pensions focus, or the drive to become comfortable with the professional requirements of actuarial pensions liability modelling.
- Experience testing or using actuarial modelling software to an expert level.
- Excellent technical ability, particularly in Excel; experience of C#/VBA is highly desirable.
- A consulting mindset: solution-focused, able to respond quickly to changing priorities, communicate clearly with a range of stakeholders and work on several projects concurrently.
- A logical, methodical and thorough mindset, with a sense of pride in the quality of the tools.
This could suit a pensions actuary or pensions administrator with strong technical modelling skills who wants a systems-facing subject-matter-expert role, or a pensions software professional with deep UK benefits knowledge.
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Senior Benefits Calculations Consultant (588AA5A) in London employer: Referment
Referment is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Finance Director, you will not only lead the finance function but also play a pivotal role in shaping the company's growth trajectory, with ample opportunities for professional development and advancement. Located in a vibrant B2B technology hub, the company provides a supportive environment where your contributions are valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Benefits Calculations Consultant (588AA5A) in London
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We think you need these skills to ace Senior Benefits Calculations Consultant (588AA5A) in London
Some tips for your application 🫡
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How to prepare for a job interview at Referment
✨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!
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Familiarise yourself with Referment'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!
