Head of GMP Equalisation

About this role

We’re looking for an experienced Pensions Actuary to join our Award-Winning Pension Risk Transfer Division as Head of GMP Equalisation. In this newly created role, you will leverage your technical Defined Benefit Pensions expertise to lead our approach to GMP Equalisation. You will ensure that member benefits are delivered accurately, fairly and transparently, whilst also establishing clear policies, robust methodologies and effective governance.

You will work with colleagues across pricing, administration, technology and new business teams to provide clarity and guidance on a technically complex element of DB Pensions. Whilst direct line-management responsibility is not part of the role requirements, you may over time become the technical lead of a small team who are responsible for the governance of our GMP Equalisation methodologies and assumptions. This is a hybrid working opportunity, which will allow you to work flexibly between your home and the office, to help you find a work-life balance that works for you.

What you'll be doing: Owning and developing our policy and methodology for GMP equalisation Maintaining clear documentation, governance and controls across relevant actuarial approaches Specifying, testing and signing off developments to GMP equalisation systems and tools Ensuring compliance with applicable legislation, case law, tax guidance and industry guidance Overseeing GMP equalisation models in line with end-user computing standards Partnering with New Business PRT colleagues to develop and communicate our proposition Supporting engagement with consultants, trustees and pension scheme sponsors Providing accessible training and technical guidance to actuarial and non-actuarial colleagues Who we're looking for: Typically, a Fellow of the Institute and Faculty of Actuaries, with relevant post-qualification experience Extensive knowledge of Defined Benefit Pension Schemes Significant experience advising DB Schemes on all aspects of GMP Equalisation Strong understanding of the relevant legal, regulatory and industry-guidance environment Experience leading complex, multidisciplinary projects or programmes Evidence of improving processes, controls or technical approaches Strong judgement, strategic thinking and decision-making skills A clear, inclusive communication style, with the ability to influence technical and non-technical stakeholders alike Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you.