As a Senior Actuarial Analyst in the BPA team you will contribute to the success of the business through an accountable role in one of the BPA sub-teams
Overview
Key duties (including, but not limited to):
- Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets and reporting tools
- Review of pension scheme reports/data to agree data schedules and benefit specifications between the Company and scheme trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements
- Regular use, maintenance & testing of actuarial models and processes for sign off by senior management, ensuring strong governance of models, maintaining up to date processes and control documentation for audit purposes
Experience required
- Able to operate actuarial systems to produce results including the ability to change parameters and assumptions
- Ability to understand actuarial & financial concepts and their application to their work
- Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and advanced data manipulation skills
- Role-specific knowledge such as: experience with actuarial model software, modelling best practices, bulk annuity product knowledge, Solvency II/LICAT knowledge, defined benefit pensions knowledge and modelling cashflows & capital projections