Consultant - Actuarial

Consultant - Actuarial

Belfast Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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XPS Pensions Group

At a Glance

  • Tasks: Join our team to conduct cashflow valuations and develop actuarial models.
  • Company: XPS Group is a leading UK consultancy in pensions and insurance, with over 2000 employees.
  • Benefits: Enjoy flexible working, competitive salary, healthcare plans, and 25 days holiday.
  • Why this job: Be part of a vibrant team, grow your skills, and make an impact in the pensions sector.
  • Qualifications: Previous pensions valuation experience and strong IT skills, especially in MS Excel, are essential.
  • Other info: We promote diversity and offer paid volunteer days to support community engagement.

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

Job description

Consultant – Actuarial

Location Belfast

Employment Type: Permanent, Full Time

Grade: Consultant

Hybrid

REQ

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 Belfast 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
  • Your Profile:

    Essential:

  • 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 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:

    Consultant - Actuarial employer: XPS Pensions Group

    XPS Group is an exceptional employer, offering a vibrant work culture in Belfast that promotes diversity and inclusion. With a strong focus on employee growth, we provide competitive salaries, flexible benefits, and opportunities for professional development, all while supporting a healthy work-life balance through hybrid working arrangements. Join us to be part of a dynamic team that values your contributions and encourages meaningful engagement in the pensions sector.
    XPS Pensions Group

    Contact Detail:

    XPS Pensions Group Recruiting Team

    StudySmarter Expert Advice 🀫

    We think this is how you could land Consultant - Actuarial

    ✨Tip Number 1

    Network with professionals in the pensions and actuarial field. Attend industry events or webinars to connect with current employees at XPS Group, as personal referrals can significantly boost your chances of landing an interview.

    ✨Tip Number 2

    Familiarise yourself with the latest trends and regulations in UK pensions. Being knowledgeable about the Pensions Act and recent changes will demonstrate your commitment and understanding of the industry during any discussions.

    ✨Tip Number 3

    Prepare for potential technical assessments by brushing up on your actuarial modelling skills. Practising complex calculations and using MS Excel efficiently will help you stand out during the interview process.

    ✨Tip Number 4

    Showcase your analytical skills by discussing relevant projects or experiences where you successfully managed tight deadlines. Highlighting your ability to prioritise tasks effectively will resonate well with the hiring team.

    We think you need these skills to ace Consultant - Actuarial

    Pensions Valuation Experience
    Strong IT Skills
    Expertise in MS Excel
    Analytical Skills
    Numeracy Skills
    Attention to Detail
    Logical Problem-Solving
    Written Communication Skills
    Verbal Communication Skills
    Organisational Skills
    Time Management
    Understanding of UK Pensions Schemes
    Knowledge of UK Pensions Act
    Ability to Interpret Rules

    Some tips for your application 🫑

    Understand the Role: Before applying, make sure to thoroughly read the job description for the Consultant - Actuarial position. Understand the key responsibilities and required skills, especially focusing on pensions valuation experience and IT skills.

    Tailor Your CV: Customise your CV to highlight relevant experience in pensions valuations and actuarial work. Emphasise your strong IT skills, particularly in MS Excel, and any analytical projects you've undertaken that demonstrate your problem-solving abilities.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that align with the job requirements, such as your understanding of UK pensions schemes and your ability to work under pressure.

    Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your communication is clear and professional. Attention to detail is crucial for this role.

    How to prepare for a job interview at XPS Pensions 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. This will demonstrate your expertise and relevance for the role.

    ✨Demonstrate Strong IT Skills

    Since strong IT skills, particularly in MS Excel, are essential for this position, 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

    Expect questions related to actuarial concepts and the UK Pensions Act. Brush up on relevant technical issues and be ready to explain how they apply to client work. This will show your understanding of the industry and your ability to interpret rules effectively.

    ✨Exhibit Your Analytical Mindset

    During the interview, showcase your analytical skills by discussing how you approach problem-solving. Provide examples of how you've tackled complex tasks logically and efficiently, especially under time pressure. This will highlight your suitability for the role's demands.

    Consultant - Actuarial
    XPS Pensions Group
    Location: Belfast
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