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About the Role
This role involves supporting various aspects of the customer journey within the Annuity Client Services team, requiring the successful candidate to develop, integrate, and review actuarial calculations for the BPA proposition.
Responsibilities
- Provide oversight of complex member benefit calculations and member options with administrators.
- Check actuarial calculations performed by administrators, including transfer value calculations and retirement projections.
- Assist in the development of cashflow projection models to ensure accurate and beneficial outcomes for members.
- Process and check actuarial factors across the portfolio of BPA schemes.
- Draft process notes and identify opportunities for process improvement.
- Ensure all team work is clearly documented with suitable audit trails and version control.
- Develop a strong understanding of pension benefit structures and options.
- Create bespoke models to address specific member benefits.
Requirements
- A degree (or equivalent) in a numerate subject such as Mathematics, Statistics, Actuarial Science, Engineering or Economics, and/or strong A-Level (or equivalent) Mathematics results.
- Strong numerical and analytical skills with the ability to interpret data, perform complex calculations and identify anomalies.
- Experience using Microsoft Excel to analyze data and develop or maintain calculation models.
- An understanding of defined benefit pension schemes, member benefits and retirement options.
- Excellent attention to detail with the ability to work accurately, maintain clear documentation and operate within a controlled environment with appropriate audit trails.
- A proactive approach to learning, continuous improvement and developing technical expertise.
Skills
- Microsoft Excel
- Data analysis
- Calculation modeling
- Defined benefit pension schemes
- Member benefits
- Retirement options
- Bulk Purchase Annuities (BPAs)
Location
- London
- Edinburgh
Work Type
- Permanent
- Hybrid
- Part-time
- Job-share
Experience Level
- Depending on experience
Education Level
- Degree in a numerate subject or equivalent
- Strong A-Level Mathematics results or equivalent
Salary/Compensations
- From £33,500
Benefits
- Bonus
- Private medical cover
- 38 days annual leave
- Excellent pension
- 12x salary life assurance
- Career breaks
- Income protection
- 3x volunteering days
About the Company
- Standard Life is a retirement specialist focused entirely on retirement savings and income.
- We believe everyone's journey to and through retirement can be better.
- For over 200 years, we have been helping customers plan and prepare for their financial futures.
- We offer colleagues flexibility, trust, and benefits that work for whatever life brings.
- We expect curiosity, connection, accountability, and high standards from our colleagues.
- We make room for what matters so you can bring your best every day.
Equal Opportunity
- We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds.
- If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
- If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.