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Actuarial Consultant -GMP

Salary Competitive
Location Birmingham, Edinburgh, Glasgow, London
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

High level overview of role:

You will provide an efficient, high quality service to client teams using your technical actuarial skills to enable high quality delivery of GMP equalisation projects for UK defined benefit pension scheme clients.

Your role will include checking and reviewing technical calculations, providing technical expertise and support to client teams, developing precedents and processes to support delivery to clients, and coaching and managing less experienced members of the team.

Hymans Robertson has a growing technical actuarial team.  Whilst the near-term focus of your role will be on GMP equalisation projects, over time the plan would be to incorporate similar technical project work into your role over time and as the demand for specific GMP work reduces.

About Us:

Hymans Robertson is a multi-award winning, independently-owned actuarial, pensions, investment, and risk consultancy. The Firm prides itself on an innovative, client focused approach. Our clients include some of the UK's leading names and largest pension schemes, while our continued growth and success has been recognised by numerous industry awards. We have been voted in the top 50 of The Sunday Times best 100 companies to work for the past two years.

Key responsibilities will include:

Client Delivery:

  • Helping enable the delivery of GMP equalisation projects to meet a high quality standard of service for clients.
  • Providing technical specialist expertise working collaboratively alongside a client team.  Work collaboratively in the preparation of calculations and related advice including reviewing/checking calculations undertaken by more junior team members, and peer review of client work for other colleagues.
  • Ability to work independently to proactively resolve complex cases and queries relating to pension scheme specific features stemming from GMP equalisation.
  • Ability to explain and resolve technical matters for the client team including peer to peer conversations with senior actuarial consultants and Scheme Actuaries.
  • Encouraging effective communication within client teams and our technical team to support the delivery of GMP equalisation projects.
  • Option to lead the delivery of client advice on GMP equalisation, but this is not a requirement of the role. 

Practice Development:

Proactively contribute to the development of the firm through a combination of:

  • Delivering high quality advice working alongside client teams and within the technical team;
  • Understanding client needs to provide GMP equalisation solutions for clients, including in developing areas such as in relation to past leavers;
  • Keeping up to date with external developments on GMP equalisation and sharing developments with colleagues.
  • Participating in the management, mentoring and training of more junior staff;
  • Active participation in internal forums; and
  • Contributing to the technical knowledge of the practice via continuing professional development and peer review of colleagues’ work.

Working Practices:

  • Develop internal networks.
  • Provide leadership, role modelling and mentoring to members of the client team and the technical team. 
  • Managing the delivery of GMP equalisation projects efficiently and in line with agreed utilisation and recovery objectives.
  • Prepare work that meets professional and internal requirements, seeking advice from colleagues where needed.  Present work in a clear and understandable manner to colleagues as required.
  • Contribute as required and adhere to the development of internal quality procedures in order to continually raise quality standards. Ensure that all work is undertaken in a rigorous and methodical manner consistent with professional requirements and that comprehensive audit trails are maintained.
  • Adhere to the firm’s Information Security standards, policies and procedures.
  • Deliver work in a timely, efficient way.  Where necessary, this may include liaising with team leaders if there are conflicting demands on team member’s time. 
  • Responsible for careful and timely time recording against appropriate client and job codes.
  • Keep up-to-date with developments in relevant pensions legislation and best practice.
  • Participate as requested in preparing technical material for colleagues.

Skills and Qualifications Required:

Qualifications:

Relevant pensions experience and working at a level similar to a Fellow of the Institute and Faculty of Actuaries (or equivalent recognised actuarial qualification).  Note we would also be open to a candidate who has stopped taking exams, but has sufficient professional experience. Scheme Actuary certificate not required.

Technical skills:

  • Have a good understanding of valuing UK pension schemes defined benefits.
  • Strong technical actuarial skills and a preference to work on technical actuarial matters.
  • Preference for candidate with GMP equalisation calculation experience, or knowledge of other similar technical actuarial calculations and ability to build up expertise in the near term.
  • Working knowledge of the legislative framework for UK pension schemes, including treatment of GMPs.
  • Aptitude in working with detailed actuarial calculation models.

Together, we’ve been building better futures for over 100 years. For our people, our clients and their people, our communities and the environment. 

We thrive on tackling complex problems. And we believe those problems are best solved by diverse teams – diverse in skills, approaches and backgrounds. Our independence lets our people be themselves and think freely, while working in a collaborative, supportive environment.  We love innovative, independent thinking and want everyone to share their ideas.  

Working alongside employers, trustees and financial services institutions, we offer pensions, investments, benefits and risk consulting services, as well as data and technology solutions. With over 1000 employees and counting, we’re one of the leading consultancies in our field and are proud to be recognised by numerous industry awards. 

We’re committed to developing our people and encourage everyone to carve out their own career path. We’ve many colleagues who started out in one team in the business and have ended up somewhere completely different, having had the chance to develop new skills and explore new passions.   

Our hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment - meaning flexible working patterns to accommodate individual needs. For more information about our benefits you can visit our iDeal.   

If you need any assistance in relation to a personal requirement, medical condition or neurological difference during our selection process then please let us know. 

Together, we can make this the best job you’ll ever have. 

Our culture

We live and breathe our four values – friendly, confident, partnering and straightforward – and genuinely care about out people, clients, community and the environment.

Job satisfaction

Every employee can genuinely make a difference and contribute towards achieving our purpose – together, building better futures. Whether that’s helping our clients build more secure financial futures, using your 3 days volunteering or helping us reduce our carbon footprint.

Reward and wellbeing

We offer competitive salaries, a share of company profits and an award-winning benefits package. We also take your mental, physical, social and financial wellbeing seriously, both in and outside of work.

Flexible working

We trust our people to work in a pattern that suits their circumstances with a healthy balance of home and office working.

Latest technology

We use the most up-to-date technology and software to match our ground-breaking business solutions that make life easier for us and our clients.

Career development

There is no linear path – learning opportunities are plentiful and empower you to carve out your own career.

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