Pensions Actuary


Pensions Actuary

Would you like to gain in house experience within the UK’s 9th largest pension scheme? We currently have a vacancy for a Pensions Actuary at our Head Office function in Farnborough.

This is a specialist actuarial role within the Corporate Pensions team, reporting to one of the Corporate Pensions Actuaries. You will provide support, as appropriate, on all actuarial or financial matters relating to the Company’s pension schemes and work closely with colleagues in Group Pensions, Group Finance, the in-house investment management team, HR and external advisers/service providers.

This role will enable you to be part of the expansion of a leading pensions team. You will be given the opportunity to develop your experience by working on a wide range of projects covering various aspects of pensions provision.

Scheme specific training in post will be provided and study support will be available to candidates finalising their FIA actuarial qualification.

Your main responsibilities as a Pensions Actuary will involve:

Producing management information for the Company on the finances of the pension schemes using an external valuation system

Management of the accounting year-end and mid-year processes, including co-ordination of external advisers, preparation of guidance to inform assumptions setting and responding to queries raised by auditors and advisers

Technical support for the longevity swap contracts

Production or checking of calculations and presentations to support the actuarial valuation process, or other project work as required

Reviewing and analysing scheme membership data checks performed by the Pensions Analyst

Providing general support for day-to-day activities and preparation for Trustee meetings, including communication materials

Working and liaising with external advisers and providers, in particular the scheme administrators and valuation system providers

Checking of work produced by the Pensions Analyst and providing ad-hoc on the job training, as required

Your skills and qualifications as a Pensions Actuary:

Actuarial experience working in the pensions industry

Qualified Pensions Actuary (FIA), or looking to qualify within the next 12 months

Proficient IT skills, including Excel and PowerPoint

Detail focused with a high degree of precision

Experience of working collaboratively with a range of stakeholders

Project management experience is desirable

What we're looking for in you:

You will be highly numerical with good attention to detail and able to apply excellent communication skills to build a rapport with stakeholders.

Location: Farnborough

Salary: Competitive

Benefits: Our employees receive an excellent benefits package which includes a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. We also offer a range of additional benefits such as flexible working, an employee assistance programme, Cycle2work and many local and national employee discounts. Some employees may also be eligible for an annual incentive.

BAE Systems

BAE Systems is one of the world’s leading global defence, security and aerospace companies. We work at the cutting edge of technology, creating more than 100 new inventions every year for customers in over 100 countries.

Head Office

“If you’d like to make a real difference where it counts, BAE Systems is the place for you.

From keeping soldiers, sailors and pilots safe to helping countries prosper, from developing the next generation of supersonic aircraft to investing in the next generation of super-smart talent – at BAE Systems, we work together to give our customers an essential edge in protecting the things that really matter. Lives, livelihoods, ways of life.

As part of the Head Office team, you’ll be at the heart of this endeavour – working closely with our air, maritime, land and cyber and intelligence businesses to support our customers around the world.

Join us and you’ll be encouraged and rewarded to excel in this important work. Apply your talent where it counts”.

BAE Systems is an equal opportunities employer. We value diversity and welcome applications from candidates from all backgrounds. We particularly welcome applications from sections of the community which are currently under-represented at BAE Systems, including women, BAME and applicants with disabilities. Please note we will not use any personal information relating to your background at any stage of the application process.

Please be aware that many roles working for BAE Systems will be subject to both security and export control restrictions.These restrictions mean that factors including your nationality, any previous nationalities you have held, and/or your place of birth may limit those roles that you can perform for the organisation.

Due to the volume of applications we receive, we sometimes close our vacancies early. It is therefore advisable to apply as early as possible if you would like to be considered for a role with BAE Systems.