Actuarial Consultant | DB Pensions

Barnett Waddingham; Cheltenham; On-site; GBP 55,000 - 70,000; Full time

Benefits offered by this job

Annual bonus

Life assurance

Income protection

Private medical insurance

Pension scheme

Annual leave 25–27 days

Flexible benefits

Career progression to Partner

Job summary

Barnett Waddingham is seeking an Actuarial Consultant to join our team in a role suitable for recently qualified actuaries or part-qualified actuaries with 3–4+ years’ experience. The role offers progression toward positions such as Scheme Actuary or Corporate Actuary and opportunities to move into a Client Account Manager capacity over time.

We deliver pragmatic actuarial advice on pensions, de-risking, longevity, and related legislative changes.

Qualifications

• DB pensions experience essential.
• Actuarial qualifications FIA / FAA or if training to be a qualified FIA / FAA, part-qualified and progressing through the exams.
• Strong IT skills and presentation skills.

Responsibilities

• Perform complex individual member calculations and progress to checking more complex calculations.
• Undertake the bulk of the calculations for an actuarial valuation.
• Review client reports and advice and draft member communications.
• Attend client meetings and take an active role where applicable.
• Support various client projects and work with corporate team on a wide range of areas.
• General consultancy, handling client queries and day-to-day correspondence.

Skills

Actuarial calculations

Client management

DB pensions

Valuation experience

Education

FIA / FAA

Part-qualified actuary progressing exams

Job description

We are seeking an Actuarial Consultant to join our team. This is an exciting opportunity for a more recently qualified actuary, or a part-qualified actuary who is working toward qualifying with 3-4+ years' experience. The role could also be suitable for members of an actuarial team who are keen to move into a consulting role, including those working toward qualification with a view to ultimately progressing to a Scheme Actuary or Corporate Actuary position. We offer excellent progression opportunities through to Partner.

Our services are designed to support trustees and employers by delivering pragmatic advice that brings clarity to complex issues such as investing assets, de-risking, longevity, risk management, and the impact of legislative changes. We undertake a range of services for clients, including full-service actuarial consulting, investment consultancy, and standalone projects such as mergers and acquisitions.

DB pensions experience is essential.

• Calculate complex individual member calculations, check straightforward calculations and progressing to checking more complex calculations
• Undertake the bulk of the calculations for an actuarial valuation
• Reviewing draft client reports and advice and draft member communications
• Working with a Client Account Manager to assess the objectives and requirements of the organisation seeking advice
• Aim to become a Client Account Manager for a number of clients and starting to take on a number of Client Account Manager duties
• Attend client meetings and take an active role where applicable
• Supporting various types of client projects and working with our corporate team on a wide range of areas
• General consultancy, dealing with clients' and third party queries and day to day correspondence providing technical advice where needed
• Client management, taking responsibility for allocation and completion of work, and meeting deadlines, working directly with senior members of the client teams
• Design and management of surveys and using statistical techniques in order to analyse and interpret the quantitative data collected
• Use of a variety of techniques and theoretical principles to establish probability and risk in respect of areas such as pensions
• Assist with developing the practice area services (for example, Experian reviews), assist in developing procedures/tools to extend the range of the practice areas work/services and assist in producing practice area newsletters and marketing material
• Research new and/or technical topics and report back to the team
• Check work of others and help with more recent new graduates/colleagues and training and developing junior members of the team

We would love to hear from you if you have:

• Actuarial qualifications FIA / FAA or if training to be a qualified FIA / FAA, part-qualified and making progress through the exams
• Good IT skills and presentation skills
• DB pensions experience or a solid understanding of the basics of pensions

What's in it for you:

• Competitive discretionary annual bonus.
• Core benefits including life assurance of four times salary, income protection of 75% of salary for up to five years, and single private medical insurance cover.
• A generous pension scheme with 5% employee contributions matched by a 10% employer contribution.
• 25 days' annual leave, increasing to 27 days after five years' service.
• Access to the Howden flexible benefits programme, offering a wide range of benefits and discounts to support your wellbeing, family life and lifestyle.
• The opportunity to be part of a growing global business where career development, collaboration and innovation are encouraged.

Accessibility

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