Average Actuary salary in the UK

IDEX Consulting is working with one of the UK's leading pension consulting firms in the search for an Actuarial Assistant.This firm has an excellent staff retention rate, clear progression plans and opportunities in different teams, so you can future proof your career. They also offer a market leading financial & benefits package.Role Responsibilities Attend client meetings, presenting actuarial findings Engaging with clients on relevant key issuesChecking/reviewing a variety of actuarial calculationsUnderstanding the implications of the results of the above calculations in order to provide advice on matters such as contribution rates, levy reduction, liability reduction exercisesDrafting reports, emails and presentations to deliver actuarial results and adviceDrafting member communications (e.g. Summary Funding Statements, responses to individual queries)Client management, taking responsibility for allocation and completion of work, and meeting deadlines, working directly with the Scheme ActuaryMaintaining a good understanding of relevant technical issues, including TASs, Codes of Practice, scheme documentation and the supporting regulatory frameworkDeveloping internal standard processes and identifying new ways to work more efficientlyTaking a proactive role in personal development/trainingAttending and delivering internal technical training sessions and demonstrating application of learning You must have: Newly or nearly qualified as an Actuary with experience working in the pensions industryBroad understanding of how UK pensions schemes operate, with an understanding of UK Pensions LegislationExcellent planning skills with the ability to prioritise and complete work in accordance with deadlinesHighly developed written and verbal communication skills. Confident and able to explain complex issues in simplified terms to clients and more junior team members.Strong IT skills with good working knowledge of MS Office suite of products, in particular ExcelAn inquisitive and analytical mindOutstanding accuracy and attention to detailExcellent written and verbal communicationHighly organised with the ability to prioritise effectivelyBroad understanding of how the UK pensions schemes operate, with an understanding of the UK Pensions Act with the ability to interpret rules and awareness of what they mean for client work If you are keen on the above role then please get in touch if you are interested or send your CV to Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Our client is growing their Actuarial team and are now looking to recruit talented Part Qualified and Qualified Actuaries to support our growth at various levels.They offer hybrid working with vibrant offices in the following locations: Edinburgh, Belfast, Manchester, Guildford, Leeds, Reading & Birmingham.Business area:The team provide pragmatic advice that addresses the specific and often complex challenges faced by UK pension schemes and their corporate sponsors. Our approach is to remove jargon and provide clients with access to the latest technology so that they can monitor scheme funding in real time, test scenarios and manage the range of pension scheme risks they face. The result is that our clients can make the best decisions and act quickly and efficiently.Our mission is to help our clients manage the complex issues which impact their pension scheme in a pragmatic and understandable way. Communication is a key part of this.We advise trustees and corporate clients on a wide range of actuarial-related areas, including: Helping them to understand the risks within their pension schemes and how they can manage this;Supporting clients and their members through the life cycle of the pension scheme. This runs from scheme set up and benefit design through to eventual scheme wind-up;Providing tailored advice on a variety of aspects including funding and member options ;Analyse new and changing legislation, regulation and guidance to help clients understand what it means for their scheme and what actions they need to take;Supporting the governance of the pension scheme to ensure it is effectively and efficiently run for the ultimate benefit of the members; andAdvising corporates on the pensions elements of their statutory accounts. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Superb opportunity to join a well-established and fast growing Lloyds Insurance organisation. Manage a small team responsible for maintaining and running the capital model to meet regulatory and internal stakeholder requirements. Assist the Managing Agency Head of Capital in providing support to the Board and senior management in matters relating to capital requirements and business uses for the capital model. Maintain the data sets and processes necessary to operate the model. Key Responsibilities Support the Managing Agency Head of Capital in all aspects of running the capital modelData collection and testingMaintaining and running the calibration toolsUpdating data and parameters in the internal model, running the model and sense checking outputsContribute to solving the problems arising from running and changing the model, and key responsibility in testing the modelEnsuring processes around the internal model are well maintained and operate appropriatelyEnsuring good version control of the modelTesting model output, including investigating and modifying model codeMaintaining good quality documentationRunning and documenting the model for regulatory deliverables, e.g. LCR, IMO Return, ORSAWork will often be produced to a tight timetablePoint of contact with internal stakeholders including Finance team, Underwriting, Risk.Keep clear records and trails of all work done so that validators and other reviewers are able to carry out their workKey role in supporting the validator ESSENTIAL QUALIFICATIONS, SKILLS AND EXPERIENCE Actuarial skills at the level of an FIA qualified UK actuary and strong IT skillsThe model is currently built in WTW Igloo and a good knowledge of this platform is essential.Coding skills in Excel VBA and R are desirable.Knowledge of General Insurance and ideally of Motor classes (including knowledge and skills relating to the management of insurance data)Knowledge of regulatory requirements, including both Lloyd's and PRA requirements and Solvency II requirementsGood written and face to face communication skills; able to explain complex matters to people with some knowledgeStrong analytical skills