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- Tasks: Join our team as an Actuarial Consultant, engaging with clients and delivering impactful actuarial advice.
- Company: XPS Group is a leading UK consulting firm in pensions and insurance, committed to diversity and inclusion.
- Benefits: Enjoy flexible working, competitive salary, bonus schemes, and a range of health and lifestyle perks.
- Why this job: Be part of a vibrant team that values your input and supports your professional growth.
- Qualifications: Relevant pensions knowledge and experience in actuarial valuations are essential; strong IT skills required.
- Other info: We promote an inclusive workplace and offer guaranteed interviews for candidates with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
At XPS Group we operate a hybrid/flexible working style. We are an equal opportunities employer and positively encourage applications from suitably qualified and eligible candidates regardless of sex, race, disability, sexual orientation, religion or belief. As part of our Disability Confident pledge we run the ‘Offer an interview’ scheme at XPS. If you have a disability and meet the ‘essential criteria’ described in the person specification for the role being applied for, you are guaranteed an interview. Access to the Disability Confident scheme simply requires you to (1) Show you meet the essential criteria described in the person specification, and (2) In the Offer an Interview Scheme section on our application form tick the box for \’do you wish to be considered under the Guaranteed Interview Scheme?\’ If you are successful in your application you undertake pre-employment checks which include: Right to Work confirmation, DBS Disclosure check, Qualification checks, Employment and/or educational references covering five years & Satisfactory credit check. If you have any questions or require further assistance, please email
Actuarial Consultant (Insurance Pricing)
Location: Reading
Contractual hours: 36.25
Basis: Full time
Job category/type: XPS Pensions
Date posted: 03/03/2025
Job reference: REQ002807
Job description
Actuarial Consultant – Insurance Pricing
Hybrid
Full Time
Permanent
Ref: 002467
XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.
Our Pensions Advisory business continues to grow and we are now looking for an experienced Actuary to join one of our vibrant offices in Reading, Manchester, Belfast or Leeds office with hybrid working. This is an exciting role and would most likely suit someone with previous pensions valuation experience.
A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.
Our people drive our success and as an XPS employee you can bring your whole self to work – Everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It’s about inclusion and diversity, ensuring all our people feel included, that they belong to XPS and that they’re happy. Above all, it’s about ensuring everyone has a voice and feels valued. Because they are.
The Team
We aim to give our members the best outcomes and security in retirement through the advice we give, the services we deliver and the solutions we develop.
The Role
As an Actuarial Consultant (Insurance Pricing) with XPS you will:
- Work in a wider team that is currently 25 strong and continuing to see growth, across multiple XPS Group sites in the UK.
- Attend client meetings, taking an active role where applicable: Presenting actuarial findings and engaging with clients on relevant key issues.
- Check/review a variety of actuarial calculations in the following areas: Actuarial valuations, production of company accounting disclosures, individual benefits, PPF levy, bulk transfer, incentive exercises and de-risking projects.
- Understand the implications of the results of the above calculations to provide advice on matters such as contribution rates, levy reduction, liability reduction exercises.
- Draft reports, emails and presentations to deliver actuarial results and advice.
- Draft member communications (e.g. Summary Funding Statements, responses to individual queries).
- Manage client relationships, taking responsibility for allocation and completion of work, and meeting deadlines, working directly with the Scheme Actuary.
- Maintain a good understanding of relevant technical issues, including TASs, Codes of Practice, scheme documentation and the supporting regulatory framework.
- Develop internal standard processes and identify new ways to work more efficiently.
- Take a proactive role in personal development/training.
- Attend and deliver internal technical training sessions and demonstrate application of learning.
Your profile
Essential Criteria
- Relevant pensions industry knowledge.
- Practical experience in conducting actuarial valuations is highly desirable.
- Strong IT skills with good working knowledge of MS Office suite of products, in particular Excel.
- An inquisitive approach to working and processes is a must.
- Ideal for individuals who thrive in a fast-paced environment, managing projects with quick turnaround times.
- Ability to remain composed and deliver under pressure.
- Effective communication skills are essential.
- Strong analytical skills and a methodical approach to process adherence.
- An aptitude for tackling challenges that require manual intervention within projects.
What we offer:
- Competitive salary
- Participation in annual discretionary Bonus Scheme
- 25 days holiday plus flexibility to buy or sell holiday
- Flexible Bank holidays
- Pension scheme, matching contribution structure
- Healthcare cash plan
- Flexible Benefits Scheme to support you in and out of work, helping you look after you and your family covering Security & Protection, Health & Wellbeing, Lifestyle
- Life Assurance cover, four times basic salary
- XPS Rewards (offers High Street discounts and savings from retailers and services providers as well as offers available via phone)
- Employee Assistance Programme for you and your household
- Access to a digital GP service
- Paid volunteering day when participating in Company organised events
- Staff referral scheme when you introduce a friend to XPS
What next:
If you feel XPS could be the next step on your career ladder, please apply directly via the links provided and we look forward to learning more about you. We will consider all applicants and respond swiftly.
Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process. For example, we can provide materials in an alternative format, or give you extra time in interviews or tests.
The successful candidate will need to demonstrate the following requirements:
- Right to Work confirmation
- DBS Disclosure check
- Employment or educational references covering five years
- Satisfactory credit check
We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.
Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.
XPS try wherever possible to respond to all applicants if for any reason you have not heard from us within 28 days of your application, please assume you have been unsuccessful on this occasion.
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Actuarial Consultant (Insurance Pricing) Reading employer: XPS Group
Contact Detail:
XPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Consultant (Insurance Pricing) Reading
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the pensions industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced environment.
✨Tip Number 2
Network with current or former employees of XPS Group on platforms like LinkedIn. Engaging with them can provide valuable insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your analytical skills and ability to manage projects under pressure. Tailoring your responses to reflect the essential criteria listed in the job description will make you stand out.
✨Tip Number 4
Take advantage of the hybrid working model by being flexible in your availability for interviews. Showing that you can adapt to different working styles will align well with XPS's values and may give you an edge over other candidates.
We think you need these skills to ace Actuarial Consultant (Insurance Pricing) Reading
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Actuarial Consultant position. Tailor your application to highlight relevant experience in pensions valuation and actuarial calculations.
Highlight Relevant Experience: In your CV and cover letter, emphasise your practical experience in conducting actuarial valuations and any relevant projects you've managed. Use specific examples to demonstrate your analytical skills and ability to work under pressure.
Showcase Communication Skills: Effective communication is essential for this role. Include examples of how you've successfully communicated complex actuarial findings to clients or stakeholders in your application materials.
Tailor Your Application: Make sure to customise your CV and cover letter for XPS Group. Mention their commitment to diversity and inclusion, and express how your values align with theirs. This shows that you are not only interested in the job but also in the company culture.
How to prepare for a job interview at XPS Group
✨Understand the Role
Make sure you have a solid grasp of what an Actuarial Consultant does, especially in insurance pricing. Familiarise yourself with key responsibilities like conducting actuarial valuations and client engagement, as this will help you answer questions confidently.
✨Showcase Your Technical Skills
Highlight your strong IT skills, particularly with Excel, during the interview. Be prepared to discuss how you've used these skills in previous roles, especially in relation to actuarial calculations and data analysis.
✨Prepare for Client Interaction Scenarios
Since the role involves attending client meetings and presenting findings, think of examples from your past experiences where you've successfully communicated complex information. Practising these scenarios can help you feel more at ease during the interview.
✨Demonstrate Your Problem-Solving Ability
The job requires an inquisitive approach and the ability to tackle challenges. Prepare to discuss specific instances where you've identified problems and implemented effective solutions, showcasing your analytical skills and methodical approach.
