Actuarial Consultant – GMP Equalisation & Pensions

Mercer; Greater London; On-site; GBP 85,000 - 120,000; Full time

Job summary

Mercer in London is seeking a part-qualified or qualified Actuarial Consultant focused on GMP rectification and pension equalisation. You will apply advanced actuarial techniques to complex defined benefit modelling and engage with clients as part of a multi-disciplinary team.

The role offers opportunities to lead, train, and contribute to diverse pension projects. Ideal candidates will have extensive experience with UK defined benefit schemes, strong analytical skills, and a collaborative

Qualifications

• Qualified or part-qualified actuary (DB pensions focus)
• Strong analytical and numerical skills
• Experience with actuarial calculations and pension schemes

Responsibilities

• Collaborate in a multi-disciplinary team on complex DB modelling.
• Review complex calculations for accuracy and clarity in reporting.
• Develop knowledge sharing initiatives and coordinate process rollouts across locations.
• Partner with internal teams to deliver seamless service across Mercer's pension lines.
• Mentor junior colleagues and support performance reviews and development plans.
• Engage directly with clients to apply actuarial techniques to projects.
• Participate in a range of actuarial projects including valuations, risk assessments, and design initiatives.
• Lead team meetings to discuss progress on GMP rectification, equalisation and related projects.

Skills

Actuarial calculations

Defined Benefit pensions

Analytical thinking

Numerical ability

People management

Job description

Mercer is seeking candidates for the following position based in the London office:

Actuarial Consultant – GMP Equalisation & Pensions

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.

We will count on you to:

• 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

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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 [e-mail].

Marsh 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 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.