In this role, you will be responsible for ensuring the actuarial review and testing of a new tool for calculating member options, including the design and review of the underlying actuarial factors.
- Location: London
- Category: Life Actuarial
- Type: Permanent
Key Duties:
- Providing actuarial input into the design of the testing framework surrounding a new tool being developed to calculate member options
- Applying actuarial techniques to ensure the cost neutrality of all options, incorporating GMP equalisation
- Working closely with colleagues across PRT to agree timescales for the review of system developments - for example, to value new benefit structures or recognize legislative change
- Ensuring the highest standards of rigor and robustness are applied to ensure the accuracy of their automated systems in different circumstances
- Conducting an annual review of the actuarial methods employed in the determination of actuarial factors
- Excellent knowledge of Defined Benefit pension schemes and associated valuation techniques
- Strong experience in technical actuarial roles and/or system development