Actuarial Consultant – GMP Equalisation & Pensions

Mercer; Liverpool; On-site; GBP 70,000 - 95,000; Full time

Job summary

Mercer is seeking a talented actuary for a pivotal role focused on GMP rectification and equalisation within our UK Retirement market. You will contribute to complex defined benefit modelling and broader actuarial projects across pension initiatives.

The position suits part-qualified or qualified actuaries with strong analytical skills and a track record in pensions. You will collaborate with cross-functional teams, develop junior colleagues, and engage with clients to deliver tailored pension

Qualifications

• Qualified or part-qualified actuary with UK pensions experience.
• Strong GMP rectification/equalisation background preferred.
• Excellent analytical and numerical skills with actuarial methods.
• Experience mentoring/junior team members is a plus.
• Experience communicating results to consultants and clients.

Responsibilities

• Lead complex DB modelling and GMP work with advanced actuarial techniques.
• Quality check and review complex calculations for accuracy and clarity.
• Drive continuous improvement; develop knowledge-sharing and training initiatives.
• Collaborate with internal teams to deliver seamless actuarial services across Mercer.
• Support junior colleagues through performance reviews and development plans.
• Engage directly with clients on actuarial projects to build consulting skills.

Skills

Qualified actuary

Actuarial calculations

UK pensions

Benefit calculations

People management

Education

Actuarial qualification

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 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].