Pensions Modelling Actuary

Pensions Modelling Actuary

Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Design and maintain advanced Excel-based pension calculators for compliance and accuracy.
  • Company: Join the Scottish Public Pensions Agency, a key part of the Scottish Government.
  • Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
  • Why this job: Make a real difference in pension schemes while developing your actuarial skills.
  • Qualifications: Experience in pensions and strong Excel skills are essential.
  • Other info: Collaborative team environment with a focus on innovation and compliance.

The predicted salary is between 36000 - 60000 Β£ per year.

Join a collaborative team to design advanced Excel-based pension calculators that safeguard compliance and deliver trusted results. The Scottish Public Pensions Agency (SPPA) is an Agency of the Scottish Government. Its principal role is to administer the pensions, premature retirement and injury benefits schemes for employees of the National Health Service in Scotland (NHSSS), the Scottish Teachers' Superannuation Scheme (STSS), the Fire Scotland Pension Scheme and the Police Scotland Pension Scheme.

As Pension Modelling Actuary you will design, build, and maintain highly complex pension calculators that support Remedy implementation and other pension scheme calculations. In this pivotal role, you will apply your expertise in UK and Scottish pension regulations to ensure compliance, accuracy, and sustainability. Make advanced use of tools like Microsoft Excel to create robust, auditable solutions that integrate seamlessly with our existing pension and automation systems.

Working closely with actuaries, policy teams, and external advisers, you will provide technical leadership, documentation, and assurance to reduce reliance on Subject Matter Experts and future proof our processes.

Pensions Modelling Actuary employer: Scottish Government

The Scottish Public Pensions Agency (SPPA) is an exceptional employer, offering a collaborative work environment where your contributions directly impact the financial security of public sector employees in Scotland. With a strong commitment to employee development, SPPA provides opportunities for professional growth and training, ensuring that you can advance your career while making a meaningful difference in the community. Located in the heart of Scotland, the agency promotes a healthy work-life balance and values diversity, making it a rewarding place to work for those passionate about public service.
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Contact Detail:

Scottish Government Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Pensions Modelling Actuary

✨Tip Number 1

Network like a pro! Reach out to current or former employees in the pensions sector, especially those who have worked with SPPA. A friendly chat can give us insider info and maybe even a referral!

✨Tip Number 2

Show off your Excel skills! Prepare a mini-project or a case study that demonstrates your ability to design complex pension calculators. Bring it along to interviews to impress the hiring team.

✨Tip Number 3

Stay updated on UK and Scottish pension regulations. Join relevant forums or groups where we can discuss changes and trends. This knowledge will not only help us in interviews but also show our commitment to the field.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive roles listed there that you won’t find anywhere else.

We think you need these skills to ace Pensions Modelling Actuary

Pension Regulations Knowledge
Excel Proficiency
Technical Leadership
Documentation Skills
Auditing Skills
Collaboration Skills
Problem-Solving Skills
Compliance Awareness
Data Integration
Automation Systems Knowledge
Attention to Detail
Analytical Skills
Communication Skills

Some tips for your application 🫑

Tailor Your CV: Make sure your CV is tailored to the Pensions Modelling Actuary role. Highlight your experience with Excel and any relevant pension regulations. We want to see how your skills align with what we’re looking for!

Showcase Your Technical Skills: Don’t hold back on showcasing your technical prowess! Detail your experience in designing and building complex models, especially if you’ve worked on pension calculators before. This is your chance to shine!

Be Clear and Concise: When writing your application, keep it clear and concise. We appreciate straightforward communication, so get to the point while still showing off your personality. Let us know why you’re excited about this role!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!

How to prepare for a job interview at Scottish Government

✨Know Your Pensions Inside Out

Make sure you brush up on UK and Scottish pension regulations before the interview. Understanding the nuances of compliance and how they relate to the McCloud Remedy will show that you're not just a numbers person, but someone who can navigate the complexities of the role.

✨Excel Skills Are Key

Since you'll be using advanced Excel for pension calculators, it’s crucial to demonstrate your proficiency. Prepare to discuss specific functions or tools you've used in past projects, and maybe even bring along examples of your work to showcase your skills.

✨Collaboration is Essential

This role involves working closely with actuaries and policy teams, so be ready to talk about your experience in collaborative environments. Share examples of how you've successfully worked in teams to achieve common goals, especially in technical projects.

✨Prepare Questions About the Role

Show your interest by preparing thoughtful questions about the position and the SPPA's objectives. Ask about the challenges they face with the current pension calculators or how they envision the future of their systems. This demonstrates your proactive mindset and genuine interest in contributing to their success.

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