Actuary Bands 1 - 4 (Rolling Campaign)

Government Actuary's Department

Apply before Midday on Monday 28th October 2024

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Details

Reference number

278506

Salary

£62,040 - £109,111

External applicants will start on the pay band minimum for the role appointed to, unless they can prove they have exceptional skills in line with the requirements of the role. Internal applicants applying on promotion will usually be appointed to the salary minimum or within 5% of existing salary. Standard pay rules apply for existing civil servants.

A Civil Service Pension with an average employer contribution of 27%

Job grade

Other

Actuary Band 1 - 4

Contract type

Permanent

Business area

Public Service Pension Schemes Team (PSPS) and Specialist Actuarial Team (SA)

Type of role

Analytical
Economist
Risk Management
Statistics

Working pattern

Flexible working, Full-time, Job share, Part-time

Location

10 South Colonnade, Canary Wharf, London E14 4PU / Edinburgh Government Hub Queen Elizabeth House, Edinburgh EH8 8FT

About the job

Job summary

The Government Actuary’s Department provides actuarial solutions including financial risk analysis, modelling and advice to support the UK public sector. Our mission is to improve the stewardship of public sector finances by supporting effective decision making and robust reporting. We do this by bringing together actuarial knowledge and expertise, analytical techniques, consultancy discipline and high standards of professionalism.

We have consulting actuary positions available in our Public Service Pensions and Specialist Actuarial team. We are looking for qualified actuaries who can quickly understand the issues facing our clients and provide clear high-quality advice.

These roles may be of particular interest to those currently working with Defined Benefit pensions or annuities who want to broaden their career and develop new areas of expertise, while also providing advice that makes a difference to the UK.

Please note, this is a rolling campaign and sifting will take place monthly. For further details, see dates below.

You can find out more about GAD, our work, the open positions, and our assessment process in the following recruitment pack and YouTube video:

Job description

As part of these roles you will be expected to:

Build and maintain strong relationships with our clients
Provide timely, efficient, high-quality advice
Work closely with clients to understand the problems facing them, and how actuarial advice and analysis can be used to improve outcomes.
Define the scope and manage the delivery of analysis underpinning the actuarial advice provided for clients.
Champion the value of actuarial advice within government.
Build strong connections within GAD and develop contacts across the wider public sector.

Person specification

Please refer to our recruitment pack for more information about the role and the assessment criteria.

To apply for these roles you must be a Fellow of the Institute and Faculty of Actuaries (or hold an equivalent qualification from an international actuarial body).

We’ll assess you against these behaviours during the selection process:

Working together
Seeing the big picture
Delivering at pace
Communicating and influencing

We’ll assess you against these strengths during the selection process:

Decisive
Adaptable
Analytical
Explainer
Confident
Authentic

Behaviours

We'll assess you against these behaviours during the selection process:

Delivering at Pace
Seeing the Big Picture
Working Together
Communicating and Influencing

Benefits

Alongside your salary of £62,040, Government Actuary's Department contributes £16,750 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

As well as competitive salaries, we offer a substantial package of benefits:

25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues)
GAD expects colleagues in the office 60% of the time. We would expect you in our Canary Wharf at least three days a week, dependent on operational requirements and typically the other days at home.
Pension -An average employer pension contribution of 27% per year.
Professional Fees – you can claim back the cost of professional fees associated with your role.
Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development.
Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
A working culture which encourages inclusion and diversity
Complimentary BUPA health check for permanent colleagues
Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups
Salary advances for travel costs, including season tickets and cycle-to-work schemes

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Strengths.

This recruitment will run as a rolling campaign. Please find the dates below.

First sift

Application deadline: 1200 hrs on 27 May 2024
Shortlisting: w/c 27 May 2024
Interviews: w/c 10 June 2024

Second sift

Application deadline: 1200 hrs on 24 June 2024
Shortlisting: w/c 24 June 2024
Interviews: w/c 08 July 2024

Third sift

Application deadline: 1200 hrs on 29 July 2024
Shortlisting: w/c 29 July 2024
Interviews: w/c 12 Aug 2024

Fourth sift

Application deadline: 1200 hrs on 26 Aug 2024
Shortlisting: w/c 26 Aug 2024
Interviews: w/c 09 Sept 2024

Fifth sift

Application deadline: 1200 hrs on 30 Sept 2024
Shortlisting: w/c 30 Sept 2024
Interviews: w/c 14 Oct 2024

Sixth sift

Application deadline: 1200 hrs on 28 Oct 2024
Shortlisting: w/c 28 Oct 2024
Interviews: w/c 11 Nov 2024

All interviews will take place in person at either our London office (E14 4PU) or Edinburgh office (EH8 8FT).

Please apply via our recruitment portal below.

As part of the application form process, please submit your CV and supporting statement. Please do not email your CV outside of this process as it will not be accepted.

Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).

A reserve list will be held for a period of 12 months from which further appointments can be made.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

UK nationals
nationals of the Republic of Ireland
nationals of Commonwealth countries who have the right to work in the UK
nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Apply and further information

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

Name : Recruitment Team
Email : recruitment@gad.gov.uk

Recruitment team

Email : recruitment@gad.gov.uk

Further information

The Government Actuary’s Department’s recruitment processes are underpinned by the recruitment principles of the Civil Service Commissioner, which outline that selection for appointment be made on merit on the basis of fair and open competition http://civilservicecommission.independent.gov.uk/civil-service-recruitment/ If you feel at any time your application has not been treated in accordance with the values in the Civil Service Code and/or if you feel the recruitment has been conducted in such a way that conflicts with the Civil Service Commissioner’s Recruitment Principles, you may make a complaint, by contacting recruitment@gad.gov.uk in the first instance. If you are not satisfied with the response you receive you can contact the Civil Service Commissioners.

https://www.gov.uk/government/organisations/government-actuarys-department