Actuarial Consultant - Risk Transfer
This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The Vacancy
High level overview of role:
As an actuarial consultant you will provide an efficient, high quality service to clients who are considering transfer risk to the insurance market. The primary focus is on UK defined benefit pension schemes working with both Trustee Boards and Sponsoring Employers to help settle liabilities and reduce risk.
Your role will include ownership of transactions for a range of client accounts, focussing on the preparation and delivery of advice to clients; coaching and managing less experienced members of the team; and building relationships with key decision makers to develop the client account. You will build and maintain relationships with insurers and reinsurers and support the development of our propositions.
We are ideally seeking a candidate who has relevant experience in this field, but are equally interested in enthusiastic individuals who are keen to progress in a rapidly growing specialism.
As part of the wider actuarial consultancy team you will also have the opportunity to remain involved in ongoing trustee and corporate actuarial advice if you wish.
Key responsibilities will include:
Client Delivery:
- Ensure that work prepared by the team meets a high quality standard of service for clients.
- Work towards becoming FCA regulated as a step towards becoming the lead advisor on risk transfer activity.
- Work collaboratively as part of the team in the preparation of advice including reviewing/checking calculations undertaken by more junior team members.
- Build strong relationships with clients and colleagues to deliver advice.
- Encourage effective communication within client teams to support the delivery of work and understanding of client commercials.
- Prepare client invoices within the internal deadlines and subject to internal procedures.
Practice Development:
- Proactively contribute to the development of the firm through a combination of:
- delivering high quality advice working with client teams;
- understanding client needs to provide solutions and develop client accounts;
- undertaking project work or acting as champion for new service initiatives;
- pitching for new business;
- participating in the management, mentoring and training of more junior staff;
- active participation in internal forums to provide input to the strategic direction of the firm; and
- contributing to the technical knowledge of the practice via continuing professional development and peer review of colleagues’ work.
Working Practices:
- Develop internal and external networks.
- Provide leadership, role modelling and mentoring to all members of the client team, including helping to proactively identify and uncover client development opportunities and/or potential threats and weaknesses.
- Managing the delivery of our services efficiently and in line with agreed utilisation and recovery objectives.
- Prepare work that meets professional and internal requirements, seeking advice from colleagues whenever any doubt arises on technical or client matters.
- Present work in a clear and understandable manner to clients and 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.
- Manage all work on nominated clients to ensure that work is done in a timely, efficient way and within budget. Where necessary, this may include liaising with other client managers and 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 pensions law and practice.
- Participate as requested in preparing technical papers for internal and external publications.
Skills and Qualifications Required:
Qualifications:
- Associate or fellow of the Institute and Faculty of Actuaries (or equivalent recognised actuarial qualification) or currently studying towards qualification with relevant pensions experience.
- Scheme Actuary certificate not required.
Technical skills:
- Have a good understanding of the legislative framework for UK pension schemes disclosure requirements and statutory reporting requirements.
- Have some broader experience in areas such as scheme funding, liability management exercises, pensions aspects of sale agreements, investment strategies or dealing with the practical aspects of bulk transfers.
- Have an understanding of related employee benefits issues in order to advise clients on strategy and liaise effectively with other disciplines within the Firm.
Further information on our firm and range of services is available at www.hymans.co.uk. We are an equal opportunities employer. We value diversity and positively welcome applications from all sections of the community.
About Us
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.
We are continually working to improve our inclusive culture and employ diverse talent. We therefore welcome applications from people from all backgrounds, which includes but isn’t limited to: age, disability, ethnic heritage, gender, marital or civil partnership status, neurodiversity, religion, sexual orientation, and socio-economic background.
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. Find out more about our careers here.
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.
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