Actuarial Trainee (Pensions)

7 days left

Edinburgh, Scotland
Market Rate
29 Sep 2017
29 Oct 2017
Contract Type
Full Time

Consultant: Cohen Officer

Switchboard: 01256 844 088


Main Responsibilities

  • Assisting with triennial actuarial valuations and funding updates like;
    • Preparing, manipulating and validating membership data for input onto the actuarial valuation system ‘PFaroe’
    • Performing basic and more complex calculations
    • Checking basic calculations of more junior team members
    • Drafting of valuation reports and other valuation communications
  • Calculating member benefits and transfer values for individuals
  • Performing calculations for company accounting work in accordance with FRS102, FAS87 and IAS19 accounting standards and preparation of accounting disclosures
  • Carrying out other actuarial calculations as required e.g. calculating actuarial factors
  • Participating in work related to other legislative requirements and general pensions consultancy


  • A proven actuarial track record preferably gained within the pensions actuarial industry is required
  • The individual should be able to demonstrate a broad understanding of the various key areas of pensions actuarial work including scheme valuations and company accounting work
  • A minimum of a 2.1 honours degree (in any discipline), 340 UCAS points or equivalent (excluding General Studies and AS Level grades) including a grade A in A-Level Mathematics or equivalent
  • Working towards FIA/FFA qualification (or stopped taking exams), with evidence of good examination progress to date (candidates will preferably be completing the CT series and/or be making process in the CA and ST series or equivalent)
  • An ability to work as part of a multi-disciplinary team, as their actuarial students work closely with both our pensions administration and support teams
  • Strong IT skills competent in the use of Microsoft Office applications, in particular advanced knowledge of Microsoft Excel

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