Actuarial Graduate Programme 2022

We are excited about the future of our business. Our Business is growing fast through new client wins and expansion in our current service offerings. Our use of our innovative integrated actuarial and administration pension scheme software platform, Mantle®, across our work is driving us to deliver integrated solutions to our clients.

As a result, we believe we can offer something different to people in their actuarial and investment careers. Spence & Partners will provide you with the opportunity to thrive in a business that supports your development and offers a good work/life balance.

Main Duties and Responsibilities

As a Graduate you will work with our team to create a personal development plan in order to support your development in the company and the industry. A structured training plan will help you grow your knowledge and drive your career.

As part of your training, you will be given the opportunity to be exposed to all aspects of our Business acquiring a breadth of knowledge and experience that will enable you to become a credible and effective Actuarial professional.

As an integral part of our Actuarial team, you will contribute to a wide range of work within the pensions sector; incorporating the provision of advice and technical support to the Trustees and Sponsoring Employers of pension schemes, as well as our work with the Pension Protection Fund and Charity/Not for Profit organisations.

This provides the opportunity to enhance your technical abilities and develop core actuarial competences on a daily basis whilst working in a challenging environment as part of a rapidly growing, innovative pension consulting firm. You will liaise with colleagues throughout our office locations and work on clients from a diverse range of industries.

We are particularly keen to welcome applicants on relevant degree courses but who have not studied actuarial/investment subjects to date, and see this as an opportunity to develop their skills/knowledge and gain professional qualifications in a working environment.

As part of our Actuarial team, you will:

• Help provide a client service that is proactive, timely and fully focused on the needs of the client and maintains the excellent reputation that has been established by our impressive team
• Be encouraged to use your creativity and critical thinking to come up with tailor-made solutions to unique problems
• Demonstrate excellent communication skills through regular interaction with clients
• Be trained on the use of our bespoke in-house software, Mantle®, to assist you to consider the risks to our clients and develop appropriate solutions that meet our clients’ needs
• Learn how to prepare actuarial and member benefit calculations, creating actuarial models to address a diverse range of client requirements
• Assess the impact of changing demographics or legislation on pension schemes and the effects that changes in financial markets have on different organisations
• Draft reports and presentations to clients in support of their decision making in managing their pension scheme arrangements
• Support our investment consulting team through the preparation of regular monitoring reports, and creating and using stochastic Asset Liability Modelling to advise clients on their investment strategies
• Support our work with the Pension Protection Fund as a member of its Specialist Administration and Actuarial Services Panel
• Support our Consultancy function with managing and developing solutions for their clients
• Perform in accordance with financial targets and standards; time recording, budget monitoring, billing and all other aspects of financial management

About You

Key Criteria

• An honours degree at 2:1 level or above
• A Levels, or equivalent – Mathematics at Grade B or above
• Excellent IT skills and competent in Microsoft packages, e.g. Word and Excel, with an aptitude for learning other systems
• Experience of working proactively and using your own initiative to complete tasks
• Excellent verbal and written communication skills
• Ability to display a keen interest in the industry and environment in which we operate
• Eligibility to work in the UK

Desirable Criteria

• Work Experience or Placement in a Professional Services environment.

Behavioural Competencies for the Role

• Inspiring Leadership
• Strategic Thinking
• Impacting & Influencing
• Client Engagement
• Collaborative Working
• Problem Solving
• Planned Approach
• Professional Approach

Additional Information

Salary & Benefits Package

If you are successful you will receive a competitive salary plus additional amounts to reflect any examination exemptions you have achieved to date, and a competitive benefits package outlined on our careers page. We will also provide financial support and study leave in the pursuit of your professional examinations.

Circumstances

Due to Covid-19 it is unclear what our situation will be with regard to home and office-based working in the foreseeable future. In 2022 it is envisaged that we will be working at least a proportion of the week from home and therefore you should be open to the possibility of this being the case if you were to join us.

Closing Date for the role is 28 January 2022. We may close recruitment and proceed with candidate selection earlier than 28 January 2022 if there is high volume and quality of applications.

Location(s)

Flexible within commutable distance of one of our established offices and able to travel to our other offices across the UK regularly.