PPF Trainee Actuarial Consultant
This is a Temporary, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The vacancy
Role Purpose
The PPF Actuarial Team provides specialist actuarial and defined benefits pension consultancy services to pension scheme trustees, the Pension Protection Fund and other third parties. The role involves working with colleagues in Broadstone, the Pension Protection Fund, independent trustees and other third parties.
The PPF Actuarial team help schemes with insolvent employers through the PPF assessment period, making sure that members of these schemes get correct benefits and the best possible outcome, whether that is transfer to the PPF or buyout with an insurance company. Responsibilities may include data entry, analysing data, preparing calculations, and producing letters and reports for review by colleagues.
Key Accountabilities
- Liaising with Broadstone colleagues and external third parties
- Ensuring all work is carried out in accordance with Broadstone standards
- Entering and analysing data and identifying potential errors, inaccuracies or incomplete data records
- Carrying out technical calculations relating to individual members of pension schemes for review by colleagues e.g., auditing and rectifying benefits, equalising for GMPs, transfer values
- Carrying out technical calculations relating to pension schemes for review by colleagues e.g., actuarial valuations, actuarial factor reviews, transfer value basis reviews, reviews of investment strategy, employer debt calculations, unpaid contributions claims, and other actuarial costings
- Assisting other departments e.g., PPF administration or ongoing actuarial as needed
- Other ad hoc duties as designated by Actuarial Managers or Actuarial Directors
Technical Knowledge and Professional Qualifications
- The role assumes no prior knowledge of the UK pensions industry
- Mathematics ‘A’ level (or international equivalent) at grade A or B minimum
- The role would suit a gap year school leaver or placement year university student looking for experience in the financial sector
Key Skills
- Highly numerate, accurate, and literate
- Ability to readily absorb technical information
- Strong team-working and communication skills
- Reliable, flexible, and able to manage own work within strict deadlines
- Computer literacy including familiarity with Microsoft Word, Excel and PowerPoint an advantage
Overarching Obligations
- Adhere to all relevant laws & regulations, and Broadstone Policies & Procedures
- Achieve a good standard of ethical behaviour, i.e., do the right thing at all times
- Comply with all relevant professional standards
- Comply with requirements in relation to investment work
The company
The Broadstone Group is a leading, independent provider of specialist pensions, trustee, and employee benefits solutions to small to medium enterprises and large corporates.
At the heart of our business is a diverse team of specialist advisers, each with a unique knowledge base within their specific area. Our company structure and systems, finely-tuned over the years, enable our advisers to remain intricately linked to provide clients with coordinated, end-to-end solutions whenever required. This ethos is one that continually upholds good practice, encourages proactivity, and ultimately benefits our client’s bottom line.
Broadstone is a Living Wage Employer
We have been accredited as a Living Wage Employer. This means that we have made a living wage commitment to ensure that everyone working at Broadstone will receive at least a minimum hourly wage. Both rates are significantly higher than the government minimum for over 23s.
Our values
Client First
Outcome Driven
Collectively Confident
Forward Thinking
The benefits
We are proud of the total reward package that we offer to our employees. Our flexible benefits approach gives individuals the power to select the package that best suits their needs.
- Competitive salary
- 25 days holiday, plus bank holidays (with the option to buy more)
- Generous pension scheme
- Fully supported Study Programme
- Health cash plan (level 1)
- Life Assurance
- Group Income Protection
- Eye tests
- Social events
- Community volunteering days
- Employee Assistance Programme
- Health club discounts
- Give as you earn scheme*
- Personal Accident insurance*
- Travel insurance*
- Health Assessments*
- Dental insurance*
- Cycle to work scheme*
- Tech scheme*
- Critical illness*
- Cancer checks*
- The Green Car Scheme*
- Discounts on entertainment, cars, insurance, and much more
* Additional benefits which can be purchased by the employee.
Diversity & Inclusion
Diversity and inclusion is at the forefront of both our HR and wider business agenda. We’re an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and their passion for delivering excellence. We’re committed to creating an inclusive environment for all employees.
Please contact us if you need any adjustments or changes made to help you find and apply for jobs with us.
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