You will provide and present actuarial advice to trustees of defined benefit pension schemes as required by the pension scheme’s documentation and any statutory requirements other than where the Scheme Actuary is required to provide such advice.
Overview
Key duties (including, but not limited to):
- Providing support to the lead Actuary
- Preparing/reviewing advice on actuarial factors including transfer value bases
- Advising Trustees on all aspects of liability management exercises initiated by a scheme sponsor
- Advising on de-risking exercise including buy-ins, buy-outs and help set de-risking investment triggers together with the trustees’ investment consultants
- Attendance at client meetings
- Involvement in new business pitches
- Supporting revenue targets by identifying/proactively seeking out-of-scope /add-on work within the actuarial practice
Qualifications required:
- A qualified actuary or close to being qualified through the Institute and Faculty of Actuaries’ exams (full study is available to complete your studies if required) or qualified by experience (i.e. stopped taking exams)
Experience required:
- Industry specific knowledge
- Good communication skills
- Ability to work flexibly and able to work under pressure
- Knowledge of PFaroe actuarial consulting software