Scheme Actuary


Belfast, Birmingham, Bristol, Glasgow, Leeds, London or Manchester

Job Overview

About you

We are hiring a Scheme Actuary who wants the opportunity to carve out a successful career and build their network and reputation within an award winning and thriving organisation.

You will be seeking an opportunity in which you can own your workload and client appointments and be given scope to accelerate your experience and become involved in complex and challenging schemes and work. You will be prepared to stay ahead of developments within the actuarial and broader business field in a bid to enhance the business in its widest sense. Participating and supporting industry events and building a network of professional connections and prospective clients.

You will be committed to the continuous improvement of the business areas and processes in order to enhance effectiveness/efficiency and evolution of the business. You will be an innovative thinker and prepared to work in a flexible environment which seeks out opportunity and improvement.

You will be insightful with the ability to contribute positively to the strategy of the business, a key mentor and influence in leading the actuarial function through progressive change.

About Us

We are excited about the future at Spence & Partners (Spence). The industry in which we operate offers a dynamic and challenging environment and our excellent reputation is contributing to the growth of our Business from an expanding portfolio of clients. Indeed, we have aspirations to extend that client base, and deliver truly integrated solutions, through the use of our highly innovative software platform, Mantle, across our work.

Spence was established in 2000 and is a privately owned UK firm of actuaries, pension consultants, pension scheme IT specialists and administrators. We are part of an integrated group of companies that includes Dalriada Trustees Limited (Dalriada) a leading independent trustee. As such, joining us as a Scheme Actuary will also open up opportunities for you to use your actuarial experience to add value on our wide range of clients across the group.

We do not pigeonhole colleagues and aim to provide challenging and interesting work which will allow our staff to build rewarding careers.

About the role

The Scheme Actuary will provide actuarial services to clients with regard to pension schemes building our presence and exposure across the UK. Providing strategic leadership and direction within the actuarial practice as a senior advisor, and becoming the Scheme Actuary to a number of schemes.

The role will provide senior peer review and support the development of less experienced colleagues, providing on the job training and exposure to a range of tasks. They will provide advice and mentor/coach colleagues to deliver high quality work and to progress through actuarial studies towards qualification.

The role will attend and contribute at client/trustee meetings, workflow meetings, team meetings and ad-hoc meetings with various internal and external individuals and other parties in order to meet responsibilities of the role

Requirement to represent the business externally and seek to extend professional network and win clients.

Provision of review and the continuous improvement of the business areas to enhance effectiveness/efficiency and evolution of the business.

Development of general business/finance awareness and keeping abreast of key developments within the actuarial/pension world and general economic and business environment. Keep up to date with legislative changes and requirements’, ensuring documentation and activity is aligned.

The role holder will be required to travel across the United Kingdom to attend internal and externally meetings.

Key Requirements

  • It is essential that the candidate holds and maintains Scheme Actuary Practicing Certificate and holds and maintains Fellowship of the Institute and Faculty of Actuaries.
  • Experience of holding recent client book of Scheme Actuary appointments
  • Broad industry background, actuarial and pension practice exposure post qualification
  • Experience of delivery regulated investment advice to clients of Defined Benefit pension schemes would be a significant advantage
  • Extensive understanding of pension scheme accounting, company financials, valuation of covenants, The Pensions Regulator (tPR), the Pension Protection Fund (PPF) and the Financial Assistance Scheme (FAS) guidance, processes and procedures.

Behavioural competencies for the role

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

All individuals are expected to meet the above competencies and be able to evidence how they meet each of them in their role.


37.5 hour week: Monday – Friday

Location – Based at any of our seven UK office locations (Belfast, Birmingham, Bristol, Glasgow, Leeds, London, Manchester)

There is a six month probationary period from commencement of employment.

As part of the pre-hire process the successful candidate will be subject to reference checking security vetting.

Spence & Partners is an equal opportunities employer.

Closing Date


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