Contractual hours
36.25
Basis
Full time
Job category/type
* XPS Pensions
Date posted
25/07/2024
Job reference
REQ002469
Pensions Actuarial Assistant Insurance Pricing
Belfast
Hybrid
Full Time
Permanent
Ref: 002469
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 Actuarial Assistant to join our vibrant Belfast 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.
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 a Pensions Actuarial Assistant (Insurance Pricing) with XPS you will:
* 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, the supporting regulatory framework as well as TASs and Codes of Practice
* Report to the team leader where tight deadlines and/or budgets have been imposed.
* Prioritise and plan personal workflow
Your profile
Essential Criteria
* 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
* 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:
Find out more about Life at XPS
Find out more about Our People Approach
We offer an attractive reward package, typical benefits can include:
* 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.
If you do not feel ready to apply or still have questions, please email us by clicking here
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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