Benefit Correction Analyst

ref ID: 220

Section: Actuarial

About First Actuarial

First Actuarial has been around since 2004, when a small group of like-minded actuaries came together to bring fresh thinking to pensions consultancy. Two decades later, we’re celebrating our 20th anniversary with events at all our five offices. It’s a great time to be part of First Actuarial. Following last year’s 20% revenue increase, our strong growth path has continued into this year, and we now employ around 450 people in the UK.

We’re still an independent business with no chargeable hours targets, giving our people the time to deliver their best work and excel. We shape our high-quality services by listening closely to our clients’ needs. And we price those services fairly.

As we develop our business, prospects for our people grow. Our Basingstoke, Leeds, Manchester, Peterborough and Tonbridge offices provide supportive work environments where everyone can make a difference. We enjoy work and celebrate our successes. And we provide support and helpful feedback so we all learn and improve.

We love numbers, but we love people more. Staff wellbeing and work-life balance have always been core values. Beyond the firm, we’re known for our integrity. We’re happy to challenge conventional thinking and speak up. Our pioneering work is set to transform the lives of millions of younger people with a new type of pension.

Embrace pension projects and take an active part in being involved in benefit correction / option exercises. Initially, the role will focus on GMP reconciliation and equalisation work, before evolving into a wider benefit correction role and / or member option projects.

About the role

  • Draw on your technical knowledge to support delivery of benefit correction projects
  • You will prepare and check calculations and assist with the production of reports
  • Provide support to the administration team to enable a smooth handover at the point of implementation
  • Located in all 5 offices – with work on a cross office basis

About you

  • You will be able to demonstrate your technical experience, gained working in an actuarial or technical pensions administrative capacity
  • Strong excel skills and experience of data handling is desirable
  • Company offers a highly supportive and collaborative working environment supporting your personal and professional development


This is a role for someone with a keen eye for detail who can work through member files and data methodically and logically, enabling you to control the process and deliver accurate and efficient results


Role & Responsibilities

Have overall responsibility for the following tasks:

  • Comparing Scheme and HMRC GMP data
  • Preparing benefit correction calculations
  • Running the GMP equalisation model and preparing individual calculations
  • Reviewing member files for historic information
  • Assist with drafting of reports for client team

What we offer you

We’ll actively support you as you build your career – and reward you for doing so. At every level of seniority, we offer:

  • A competitive remuneration package, including bonus and profit-sharing payments
  • Private health insurance, life insurance and income protection insurance
  • 25 days annual leave as standard, increasing with length of service, an extra day at Christmas, plus bank holidays and the option to purchase additional holidays
  • A non-contributory pension
  • Full training and study support.

We have hybrid working in place for colleagues who prefer home-working for part of the week. We’re also flexible on working day arrangements and will happily accommodate a range of personal commitments from day one.

Our straightforward, interview-based approach to recruitment ensures equal opportunities for all applicants.

Please note that we can only accept candidates who have a permanent right to work in the UK.

Apply now with covering letter and CV