Lead Specialist – Claims, Rectification & SWAT Team

Overview

Lead Specialist role supporting actuarial analysis and delivery of complex pension projects across UK Defined Benefit (DB) pension schemes, for a portfolio of corporate and trustee clients.

What you'll do

• Perform actuarial calculations such as valuation of DB schemes, complex member calculations, GMP equalisations and member options.
• Perform and review detailed benefit calculations and recalculations to support data analysis and rectification exercises.
• Conduct research on pension industry and regulatory developments that affect liabilities, and determine their impact on projects.
• Translate complex actuarial findings into clear, actionable insights for stakeholders.
• Support project presentations, proposals and strategic recommendations.
• Analyse data, historical records and calculation outputs to identify and quantify financial impact and trends as part of project risk management.
• Apply scheme rules, actuarial principles and legislative requirements when determining project tasks.
• Prepare reports, exhibits, dashboards and calculation summaries to communicate findings, remediation and project outcomes.
• Draft third party communication.
• Drive actuarial improvements, sample testing and knowledge-sharing initiatives to enhance project efficiency.
• Stay informed on UK pensions legislation and industry best practices.

What you'll need

• Degree in Actuarial Science, pursuing actuarial studies, Mathematics, Statistics, Economics, Engineering, or a related quantitative discipline.
• Minimum 3 to 5 years of experience in actuarial services, consultancy, pension or related analytical roles.
• Understanding of UK Defined Benefit (DB) pension schemes and member benefit calculations.
• Qualification or progress towards an actuarial qualification (Institute and Faculty of Actuaries or equivalent) is required.
• Advanced proficiency in Microsoft Excel and Word.
• Strong numerical, analytical and problem-solving abilities.
• Ability to perform and review complex pension calculations with a high degree of accuracy.
• Knowledge of UK pensions legislation and scheme actuarial requirements.
• Ability to analyse large data sets and investigate inconsistencies systematically.
• Excellent written and verbal communication skills.
• Strong project management and organisational skills, with the ability to manage multiple priorities and meet deadlines.
• Commitment to quality, governance and continuous process improvement.

Nice to have

• Experience working on pension projects such as GMP equalisation and rectification, data cleanse, remediation, or buy-in / buy-out / wind-up projects.
• Familiarity with actuarial valuation systems and pension administration platforms.
• Knowledge of project management and data visualisation tools.

Details

• Number of positions: 2.
• Location: Mumbai, India.