Junior Actuarial Project Consultant

Management Level

G

Business Division:

EQ Retirement Solutions

Business Function / Department:

Data Services

Job Title:

Junior Actuarial Consultant

Reporting to (Job Title):

Lead Actuarial Consultant

Date: 21/10/2024

Equiniti is a leading international provider of shareholder, pension, remediation, and credit technology. With over 6000 employees, it supports 37 million people in 120 countries.

EQ India began its operations in 2014 as a Global India Captive Centre for Equiniti, a leading fintech company specialising in shareholder management. Within a decade, EQ India strengthened its operations and transformed from being a capability centre to a Global Competency Centre, to support EQ's growth story worldwide.

Capitalising on India’s strong reputation as a global talent hub for IT / ITES, EQ India has structured the organisation to be a part of this growth story. Today, EQ India has evolved as an indispensable part of EQ Group providing critical fintech services to the US and UK.

EQ’s vision is to be the leading global share registrar, offering complementary services to its client base and our values set the core foundations to our success. We are TRUSTED to deliver on our commitments, COMMERCIAL in building long term value, COLLABORATIVE in our approach and we IMPROVE by continually enhancing our skills and services. There has never been a better time to join EQ.

Role Summary

Equiniti, one of the UK’s largest Pensions & Benefits Consultancies, are looking to appoint a Lead Actuarial Project Consultant to their Data Solutions Team. This is an excellent opportunity for a Part Qualified Actuary with at least 1-3 years’ experience in UK DB Consulting, seeking to progress towards Institute and Faculty of Actuaries (IFoA) exams.

Data Services Team

Equiniti Data Services are a team that develop sophisticated in-house analysis, reconstruction and recalculation tools through 15 years of hands-on contracted-out reconciliation experience. The team has worked with schemes covering over 4.5 million members, including schemes that Equiniti administers and external schemes, across both the public and private sectors.

Core Duties/Responsibilities

• Create complex calculations and write exacting formulae, utilising strong technical actuarial skills
• Good awareness and understanding of pension legislation and be able to accurately documentation of calculation methodology, decisions and assumptions and ensure Quality Assurance checks have been made on completed work
• Guide others in resolving complex issues
• Understand the basic pension scheme concepts and be able to define terms such as ERF/LRF/CF/GMP.
• Carry out basic calculations of leaving service and retirement benefits with support.
• Prepare accurate and clear client reports
• Identify gaps in processes and suggest solutions
• Be able to innovate to improve efficiency or accuracy either by new solutions or in the assisting of building on existing solutions
• Develop effective working relationships with team colleagues and internal and external business contacts, liaising with other departments as required
• Identify own training needs - seek and act on opportunities to develop technical and business understanding and skills.

Skills, Capabilities and Attributes

The successful candidate will demonstrate the following experience, skills and behaviours:

Qualification / skills required:

• Part Qualified Actuary with at least 1-3 years’ experience in UK DB Consulting, seeking to progress towards Institute and Faculty of Actuaries (IFoA) exams.
• Strong analytical, numerical and decision making skills
• High level of systems proficiency particularly in Excel and Word, with SQL and/or VBA knowledge an advantage (other coding languages experience advantageous)
• Excellent communication skills including written, verbal and face to face
• Able to work independently and use initiative
• Ability to deal with complex issues
• Able to work both in the detail of a complex task or at a higher level, depending on the requirements of the task
• Professional and personable and able to build sustainable working relationships
• Resilient and calm under pressure and able to work flexibly to achieve tight deadlines
• An ability to learn and share learning, and to react positively to change
• Self-motivated and ability to encourage others
• Ideal candidate will have proven experiencing working within the UK pension industry on pension regulatory change or benefit rectification

Benefits:

Being a permanent member of the team at EQ you will be rewarded by our company benefits, these are just a few of what is on offer:

• 3 days of additional leaves on & above statutory requirement along with 2 days of voluntary leaves to pursue the CSR initiatives
• Business related certification expense reimbursement
• Comprehensive Medical Assurance coverage for dependents & Parents
• Cab transport for staff working in UK & US shift
• Accidental & Life cover 3 times of concerned CTC

We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Please note any offer of employment is subject to satisfactory pre-employment screening checks.