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- Tasks: Join our BPA team as a Senior Actuarial Analyst, calculating premiums and reviewing pension scheme reports.
- Company: We are a leading firm in the pensions actuarial sector, based in London.
- Benefits: Enjoy a permanent role with opportunities for remote work and professional development.
- Why this job: Make a real impact in the pensions industry while working in a supportive and innovative environment.
- Qualifications: Intermediate to advanced MS Excel skills and experience with actuarial models are essential.
- Other info: This role offers strong governance and the chance to work closely with senior management.
The predicted salary is between 43200 - 72000 £ per year.
As a Senior Actuarial Analyst in the BPA team you will contribute to the success of the business through an accountable role in one of the BPA sub-teams.
Location: London
Category: Pensions Actuarial
Type: Permanent
Key Duties (Including but not limited to):
- Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets and reporting tools.
- Review of pension scheme reports/data to agree data schedules and benefit specifications between the Company and scheme trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.
- Regular use, maintenance & testing of actuarial models and processes for sign off by senior management, ensuring strong governance of models, maintaining up to date processes and control documentation for audit purposes.
- Able to operate actuarial systems to produce results including the ability to change parameters and assumptions.
- Ability to understand actuarial & financial concepts and their application to their work.
- Intermediate to advanced MS Excel skills demonstrating efficient use of spreadsheets and advanced data manipulation skills.
- Role-specific knowledge such as: experience with actuarial model software, modelling best practices, bulk annuity product knowledge, Solvency II/LICAT knowledge, defined benefit pensions knowledge and modelling cashflows & capital projections.
BPA Senior Actuarial Analyst – 28401 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BPA Senior Actuarial Analyst – 28401
✨Tip Number 1
Familiarise yourself with the specific actuarial software and modelling tools mentioned in the job description. Having hands-on experience or even completing relevant online courses can give you a significant edge during interviews.
✨Tip Number 2
Brush up on your knowledge of Solvency II and LICAT regulations, as well as defined benefit pensions. Being able to discuss these topics confidently will demonstrate your expertise and commitment to the role.
✨Tip Number 3
Prepare to showcase your advanced Excel skills by practising data manipulation and modelling scenarios. You might be asked to solve problems or present data during the interview, so being well-prepared is key.
✨Tip Number 4
Network with professionals in the pensions actuarial field. Engaging with industry groups or attending relevant events can provide insights and connections that may help you stand out when applying for this position.
We think you need these skills to ace BPA Senior Actuarial Analyst – 28401
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Actuarial Analyst in the BPA team. Familiarise yourself with actuarial concepts, modelling systems, and the specific duties mentioned in the job description.
Tailor Your CV: Highlight your relevant experience and skills that align with the job requirements. Emphasise your proficiency in actuarial software, MS Excel, and any specific knowledge related to pensions and Solvency II/LICAT.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and the company. Mention specific examples from your past work that demonstrate your ability to meet the key duties outlined in the job description.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at The Emerald Group
✨Brush Up on Actuarial Concepts
Make sure you have a solid understanding of actuarial concepts and models. Be prepared to discuss how you've applied these in your previous roles, especially in calculating premiums and managing pension scheme reports.
✨Showcase Your Excel Skills
Since intermediate to advanced MS Excel skills are crucial for this role, be ready to demonstrate your proficiency. You might be asked about specific functions or how you've used Excel for data manipulation in past projects.
✨Familiarise Yourself with Relevant Software
Research the actuarial model software mentioned in the job description. If you have experience with specific tools, be prepared to discuss how you've used them effectively in your work.
✨Understand the Regulatory Environment
Having knowledge of Solvency II/LICAT and legislative requirements is key. Brush up on these topics and be ready to explain how they impact actuarial processes and decision-making in your previous roles.
