Actuarial Consultant

Hymans Robertson; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading consultancy seeks an Actuarial Consultant to deliver high-quality services to clients focused on defined benefit pension schemes. The role entails managing client relationships, ensuring compliance with UK pension legislation, and mentoring team members. Ideal candidates will be Fellows of the Institute and Faculty of Actuaries with a solid understanding of pensions law and actuarial practices.

Qualifications

• Fellow of the Institute and Faculty of Actuaries (or equivalent) with relevant pensions experience.
• Good understanding of UK pension scheme legislation.
• Experience in statutory actuarial calculations.

Responsibilities

• Manage client accounts and prepare quality client deliverables.
• Contribute to firm development by delivering high-quality advice.
• Recruit and mentor junior staff and contribute to practice development.

Skills

Client management

Pensions law knowledge

Statutory actuarial calculations

Project management

Strong communication

Education

Fellow of the Institute and Faculty of Actuaries

Job description

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As an actuarial consultant, you will provide an efficient, high-quality service to clients in the field of actuarial and wider benefit consulting, focusing on UK defined benefit pension schemes. You will work with Trustee Boards and Sponsoring Employers.

Your role includes managing client accounts, preparing and delivering advice, coaching less experienced team members, and building relationships with key decision makers to develop the client account.

Key responsibilities will include:

Client Delivery:

• Ensure work meets high-quality standards for clients, reviewing calculations and peer reviewing work of colleagues.
• Sign out work in your name or ensure statutory calculations are ready for sign off by the Scheme Actuary.
• Build strong relationships with clients at all levels to deliver core services effectively.
• Consult with client contacts to agree budgets and deadlines, ensuring service agreements are in place.
• Encourage effective communication within client teams.
• Prepare client invoices within deadlines and procedures.

Practice Development:

• Contribute to firm development by delivering high-quality advice, understanding client needs, and providing solutions.
• Undertake project work and lead new service initiatives.
• Pitch for new business and participate in management, mentoring, and training of junior staff.
• Participate in internal forums and contribute to technical knowledge through CPD and peer review.

Working Practices:

• Develop internal and external networks.
• Provide leadership and mentoring, identifying client development opportunities.
• Manage delivery of services efficiently, ensuring work is timely and within budget.
• Prepare clear work for clients and colleagues, maintaining audit trails and adhering to quality standards.
• Follow the firm’s information security policies.
• Manage work on nominated clients, liaising with other managers if needed.
• Record time accurately and timely.
• Stay updated on pensions law and practice developments.
• Assist in preparing technical papers for publication.

Skills and Qualifications Required:

Qualifications:

• Fellow of the Institute and Faculty of Actuaries (or equivalent), with relevant pensions experience. Scheme Actuary certificate not required.

Technical skills:

• Good understanding of UK pension scheme legislation, including the Pensions Act 1995, disclosure, and reporting requirements.
• Ability to undertake statutory actuarial calculations for sign-off by a Scheme Actuary.
• Experience in areas like corporate transactions, risk transfer, liability management, sale agreements, or bulk transfers.

Understanding of related employee benefits issues to advise clients and liaise with other disciplines.