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- Tasks: Join our GMP Equalisation team to tackle complex actuarial challenges and support clients with pension equalisation.
- Company: XPS Group is a leading UK consultancy in pensions and insurance, fostering diverse talent in a supportive environment.
- Benefits: Enjoy a competitive salary, flexible working, 25 days holiday, healthcare plans, and paid volunteer days.
- Why this job: Be part of a friendly team, engage in specialist research, and gain study support for actuarial qualifications.
- Qualifications: A keen interest in actuarial concepts, excellent Excel skills, and a desire to learn are essential.
- Other info: We value diversity and offer a supportive workplace for all employees.
The predicted salary is between 36000 - 60000 £ per year.
Actuarial Analyst GMP (Senior Associate)
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Actuarial Analyst GMP (Senior Associate)
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Actuarial Analyst GMP
Employment Type: Permanent, Full Time
Grade: Senior Associate
Hybrid
REQ003006
This role could be based from any of the following offices with hybrid working:
Reading, Leeds, Manchester, Birmingham, Guildford, Edinburgh, London, or Belfast.
About XPS Group
XPS Group is a prominent UK consultancy and administration firm within the pensions and insurance sectors. As a FTSE 250 company with over 2000 employees, we leverage expertise alongside advanced technology to serve over 1,400 pension schemes and their sponsors. Our goal is to foster a workplace where diverse talents thrive.
Our Pensions Advisory business continues to grow, and we are now looking for a number of Actuarial Analysts to join our GMP Equalisation Team. This is an exciting role and would most likely suit someone with experience as a qualified/part-qualified pensions actuary who enjoys the technical aspects of actuarial work. We are also interested in hearing from candidates with a pensions administration background. While not a job requirement, study support is available towards actuarial qualifications if this is part of your chosen career path.
About The Role
We are looking for a number of Actuarial Analysts to join our GMP Equalisation team. We have a unique approach to solving the problems around GMP and are looking for technically minded people to join our friendly supportive team.
Though previous experience in GMP calculations is an advantage, a desire and ability to grasp complex actuarial concepts and find solutions to them is a requirement. In this role you will be working as part of the GMP team to assist clients in equalising pensions for their scheme members.
Key Responsibilities
- Working with and understanding member data
- Reviewing complex calculations
- Reviewing written advice to client teams and supporting them as you work through the projects together
- Regular liaison and communication with the GMP team, client team and other departments in XPS
- Opportunity to get involved in specialist research and development teams in areas that interest you. These teams provide resources and ideas for the wider team
- Training and managing more junior colleagues as they embark on their actuarial career
Essential
Your Profile:
- A keen interest in actuarial concepts, the wider pensions industry and financial landscape
- Excellent Microsoft Excel skills
Desirable
- An inquisitive mind and desire to learn
- Highly motivated and driven to succeed
- Ability to problem solve and come up with solutions
- Outstanding accuracy and attention to detail
- Adaptable and a team-player
What We Offer
Enjoy a competitive salary, annual discretionary bonus, and 25 days’ holiday with buy/sell flexibility. Benefits include pension matching, healthcare plans, life assurance, and retailer discounts. We support our team with a flexible benefits scheme, employee assistance, and digital GP service. Participating in volunteering events is encouraged with paid volunteer days available. Referral bonuses are offered for introducing suitable candidates to XPS.
How To Apply
Interested candidates should submit applications below or contact recruitment@xpsgroup.com. Join XPS Group and contribute to a dynamic and inclusive workplace.
Equal Opportunity Statement
XPS Group is committed to diversity and equal opportunities. We welcome applications from all candidates, irrespective of sex, race, disability, sexual orientation, religion, or belief. As a Disability Confident employer, we ensure accessible and supportive work settings for all employees.
Eligibility
Any employment offer made will be conditional upon you satisfying DBS Disclosure checks, Employment or educational references, Satisfactory credit checks and eligibility to work in the UK before an offer can be made. XPS Group is not able to provide sponsorship to employees.
Who Are We
To find out more please visit: www.xpsgroup.com
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
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Job function
Finance and Sales
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Actuarial Analyst GMP (Senior Associate) employer: XPS Group
Contact Detail:
XPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst GMP (Senior Associate)
✨Tip Number 1
Familiarise yourself with GMP equalisation concepts and current trends in the pensions industry. This will not only help you understand the role better but also demonstrate your genuine interest during any discussions with the hiring team.
✨Tip Number 2
Network with professionals already working in actuarial roles or within XPS Group. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Brush up on your Microsoft Excel skills, as they are essential for this role. Consider taking an online course or practicing advanced functions to ensure you're well-prepared to handle complex calculations and data analysis.
✨Tip Number 4
Prepare thoughtful questions about the GMP Equalisation Team and their projects. This shows your enthusiasm for the role and helps you stand out as a candidate who is genuinely interested in contributing to the team's success.
We think you need these skills to ace Actuarial Analyst GMP (Senior Associate)
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Actuarial Analyst GMP (Senior Associate) position. Understand the key responsibilities and required skills, especially the importance of technical actuarial knowledge and experience in pensions.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the role. Emphasise your actuarial qualifications, Excel proficiency, and any experience in pensions administration or GMP calculations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for actuarial work and your understanding of the pensions industry. Mention specific examples of how your background makes you a suitable candidate for the GMP Equalisation team.
Highlight Your Problem-Solving Skills: In your application, provide examples of how you've successfully tackled complex problems in previous roles. This is particularly important for the Actuarial Analyst position, where analytical thinking is crucial.
How to prepare for a job interview at XPS Group
✨Understand the GMP Concepts
Make sure you have a solid grasp of Guaranteed Minimum Pension (GMP) concepts. Brush up on any recent changes in legislation and how they impact pension schemes, as this will show your commitment to the role and your understanding of the industry.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with complex calculations and data analysis. Highlight your proficiency in Microsoft Excel, as it’s crucial for this role. You might even want to bring examples of past work or projects that demonstrate your technical abilities.
✨Demonstrate Problem-Solving Abilities
During the interview, be ready to tackle hypothetical scenarios or case studies related to actuarial work. This will allow you to showcase your analytical thinking and problem-solving skills, which are essential for an Actuarial Analyst.
✨Emphasise Team Collaboration
Since the role involves regular communication with various teams, highlight your teamwork experiences. Share examples of how you've successfully collaborated with others in previous roles, especially in high-pressure situations or complex projects.
