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- Tasks: Conduct cashflow valuations and develop actuarial models in a dynamic team environment.
- Company: XPS Group is a leading UK consultancy in pensions and insurance, fostering diverse talent.
- Benefits: Enjoy competitive salary, flexible working, healthcare plans, and paid volunteer days.
- Why this job: Join a vibrant team, make an impact in pensions, and grow your actuarial skills.
- Qualifications: Previous pensions valuation experience and strong IT skills, especially in MS Excel, are essential.
- Other info: Hybrid working available across multiple locations: Reading, London, Manchester, or Leeds.
The predicted salary is between 28800 - 42000 ÂŁ per year.
Join to apply for the Consultant – Actuarial role at XPS Group
1 week ago Be among the first 25 applicants
Join to apply for the Consultant – Actuarial role at XPS Group
Location: Reading, London, Manchester or Leeds
Employment Type: Permanent, Full Time
Grade: Consultant
Hybrid
REQ003039
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.
About The Role
Our Pensions Advisory business continues to grow, and we are now looking for an experienced Consultant – Actuarial to join one of our vibrant offices in Reading, London Manchester, or Leeds office with hybrid working. This is an exciting role and would most likely suit someone with previous pensions valuation experience.
Key Responsibilities
- Carry out cashflow valuations of funds considering buyout/buy-in insurance contracts
- Be involved in data and actuarial bases preparation using in-house standard approaches and the use of (MS-based) in-house developed software
- Produce complex actuarial models and calculations (Individual benefit and transfer value calculations)
- Develop a basic understanding of relevant technical issues, including scheme documentation
- Report to the team leader where tight deadlines and/or budgets have been imposed.
- Prioritise and plan personal workflow
Essential
Your Profile:
- Previous experience in pensions valuations is required
- Strong IT skills, expertise in MS Excel is essential.
- Good analytical skills and ability to work through tasks in a logical manner
- A keen interest in actuarial concepts
- A high level of numeracy
- ability to work well under time pressure and communicate findings with clarity will be necessary attributes
- An inquisitive and analytical mind
- Outstanding accuracy and attention to detail
- Excellent written and verbal communication
- Highly organised with the ability to prioritise effectively
- Broad understanding of how the UK pensions schemes operate, with an understanding of the UK Pensions Act with the ability to interpret rules and awareness of what they mean for client work
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#
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Consultant - Actuarial employer: XPS Group
Contact Detail:
XPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Consultant - Actuarial
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the pensions sector. Understanding the UK Pensions Act and how it impacts client work will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in pensions valuations. Attend industry events or webinars to make connections that could lead to referrals.
✨Tip Number 3
Brush up on your MS Excel skills, as strong IT proficiency is essential for this role. Consider taking online courses or tutorials to enhance your capabilities in data analysis and modelling.
✨Tip Number 4
Prepare to discuss your previous experience with cashflow valuations and actuarial models in detail. Be ready to provide examples of how you've successfully managed tight deadlines and complex calculations.
We think you need these skills to ace Consultant - Actuarial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your previous experience in pensions valuations and showcases your strong IT skills, particularly in MS Excel. Use specific examples to demonstrate your analytical abilities and attention to detail.
Craft a Compelling Cover Letter: Write a cover letter that reflects your keen interest in actuarial concepts and your understanding of UK pension schemes. Mention how your skills align with the responsibilities outlined in the job description, such as cashflow valuations and actuarial model production.
Highlight Relevant Skills: In your application, emphasise your ability to work under pressure and communicate findings clearly. Include any experience you have with actuarial software or data preparation, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your application is well-organised and free from typos, as outstanding accuracy and attention to detail are essential attributes for this position.
How to prepare for a job interview at XPS Group
✨Showcase Your Pensions Valuation Experience
Make sure to highlight your previous experience in pensions valuations during the interview. Be prepared to discuss specific projects you've worked on, the methodologies you used, and the outcomes achieved.
✨Demonstrate Strong IT Skills
Since strong IT skills, especially in MS Excel, are essential for this role, be ready to discuss your proficiency with these tools. You might even want to prepare examples of how you've used Excel for complex calculations or data analysis in past roles.
✨Prepare for Technical Questions
Brush up on your understanding of actuarial concepts and the UK Pensions Act. Expect questions that test your knowledge of relevant technical issues and be ready to explain how they apply to client work.
✨Communicate Clearly and Effectively
Given the importance of clear communication in this role, practice articulating your thoughts logically and concisely. Prepare to explain complex actuarial models or calculations in a way that is easy to understand for non-experts.
