Actuarial Consultant - GMP Equalisation and Project Work (Nationwide)

National African-American Insurance Association (NAAIA); United Kingdom; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A global leader in retirement solutions is seeking an Actuarial Consultant in the UK for a role focused on GMP rectification. This position entails leading a multi-disciplinary team, engaging directly with clients, and ensuring high-quality actuarial calculations. The ideal candidate is a qualified actuary with extensive experience in defined benefit pension schemes. This role offers career development opportunities within a supportive and inclusive team environment with a hybrid work model.

Benefits

Professional development opportunities

Inclusive culture

Flexible work options

Qualifications

• Extensive experience in actuarial technical calculations.
• Strong understanding of UK Defined Benefit pension schemes.
• Experience in benefit calculations.

Responsibilities

• Lead complex defined benefit modelling for UK pension solutions.
• Review and ensure accuracy of complex calculations.
• Develop and deliver training sessions for junior colleagues.

Skills

Analytical skills

Numerical skills

People management skills

Education

Qualified or part-qualified actuary

Job description

Overview

Join Our Team as an Actuarial Consultant - GMP Equalisation and Project Work (Nationwide)

Are you a talented and ambitious actuary with a strong background in GMP rectification and equalisation? At Mercer, we are excited to expand our dynamic team by welcoming skilled part-qualified or qualified actuaries to a vital role that not only drives revenue but also fosters professional growth and collaboration.

This is your chance to be part of an established centre of excellence, specialising in a diverse array of retirement solutions. You will provide invaluable technical expertise and support to our UK Retirement market, particularly in the critical areas of GMP rectification and equalisation, while also engaging in a variety of actuarial project work across different pension-related initiatives.

If you\'re ready to take your career to the next level and make a difference in the world of pensions, we want to hear from you! Join us at Mercer and be part of a team that values your contributions and supports your growth.

Responsibilities

• Collaborate and Lead: Work within a fantastic multi-disciplinary team on complex defined benefit modelling, utilising advanced actuarial skills and techniques to specialise in intricate UK pension solutions
• Quality Assurance: Take charge of checking and reviewing complex calculations, ensuring accuracy and clarity in communicating results to consultants and wider support teams
• Drive Improvement: Contribute to our culture of continuous improvement by developing and delivering knowledge-sharing initiatives, training sessions, and coordinating new process rollouts across various locations
• Build Relationships: Partner with internal teams to deliver a seamless service across different lines of business within Mercer, enhancing collaboration and efficiency
• Support and Develop: Play a key role in the development of junior colleagues within the team, supporting their performance reviews, training, and personal development plans
• Client Engagement: Develop your consulting skills by engaging directly with clients on various aspects of actuarial projects, enhancing your professional experience
• Project Involvement: Participate in a variety of actuarial projects, including but not limited to pension scheme valuations, risk assessments, and benefit design initiatives. Your role will involve applying actuarial techniques to solve complex problems and deliver tailored solutions for our clients
• Team Leadership: Lead in team meetings to discuss progress, share insights, and address challenges, ensuring that everyone is working towards common objectives in GMP rectification, equalisation, and other actuarial projects

What you need to have

• Qualified or part-qualified actuary
• Extensive experience in actuarial technical calculations
• Strong understanding of UK Defined Benefit pension schemes and experience in benefit calculations
• Excellent analytical, numerical, and critical thinking skills, with a solid grasp of actuarial approaches for pensions
• People management skills

What makes you stand out

• Previous experience in a similar role within an Actuarial team, particularly in Pensions, with a focus on technical aspects and solid exposure to consultants and broader client support teams

Why join our team

• We help you be your best through professional development opportunities, interesting work and supportive leaders
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at .

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.