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 innovate in pensions technology.
- Other info: Join a supportive team focused on continuous improvement and career growth.
- Why this job: Make a real impact in the pensions sector while working with cutting-edge technology.
- Qualifications: Strong pensions modelling knowledge and experience with actuarial software.
The predicted salary is between 59400 - 72600 £ 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 (802A646) 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 (802A646) in London
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We think you need these skills to ace Senior Benefits Calculations Consultant (802A646) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Referment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Referment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Referment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Referment.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Referment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
