Defined Benefit – Technical Loading Actuary

Overview

As a Technical Loading Actuary, you will onboard complex DB pension schemes, provide actuarial assurance, and shape how rules are implemented in administration platforms. You will interpret intricate benefit specifications, ensure calculations are accurate and well governed, and contribute to governance improvements across loading processes. The role combines specialist actuarial work with system and testing aspects, offering opportunities to impact pension technology and risk controls. You will collaborate with cross-functional colleagues to translate requirements into practical system logic and decision-making.

Pay / Benefits

• annual bonus plan
• share schemes
• generous pension contribution
• life assurance
• healthcare plan
• 27 days holiday

Responsibilities

• Oversee actuarial loading and validation of complex Defined Benefit pension schemes
• Interpret scheme rules, benefit specifications, factors and calculation methodologies
• Review and sign off actuarial rules, assumptions, calculations and system outputs
• Support the design and testing of GMP Equalisation functionality
• Translate actuarial requirements into practical system specifications and calculation logic
• Provide clear decisions and guidance on complex actuarial issues
• Improve governance, controls, testing and auditability across the loading process
• Collaborate closely with colleagues across the PRT function

Key requirements

• Qualified Actuary under the IFoA (or equivalent)
• Strong technical knowledge of Defined Benefit pension schemes
• Experience interpreting complex benefit structures and scheme documentation
• Strong mathematical and analytical capability
• Confidence reviewing actuarial calculations and providing professional assurance
• Ability to explain complex actuarial requirements clearly to technical and operational colleagues
• Interest in pension technology, systems, testing or platform development
• Sound judgement and a collaborative, customer-focused approach

• collaborative
• clear communicator
• analytical mindset
• Defined Benefit pension schemes knowledge
• actuarial loading and validation
• interpretation of complex benefit structures

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