Actuarial Manager | DB Consolidation | Up to £80k

BWD Search & Selection; Manchester; Hybrid; GBP 45,000 - 80,000; Full time

Job summary

BWD Search & Selection is looking for an Actuarial Manager to join their dynamic team focusing on DB Consolidation. This role, based in Manchester but open to UK-wide hybrid working, offers a salary of up to £80,000 plus bonuses. The successful candidate will manage valuations, client communications, and mentor junior colleagues. With a strong emphasis on strategic ownership and innovative pension solutions, this position promises significant career progression and involvement in groundbreaking projects.

Qualifications

• 4-10 years of total experience in a Pensions Actuarial role within a UK-based consultancy.
• Strong technical understanding of actuarial calculations beyond model use.
• Ability to manage a portfolio and client communications effectively.

Responsibilities

• Oversee 'endgame' planning, including scheme buy-outs and GMP equalisation.
• Manage valuations, member benefit calculations, funding updates, and disclosures.
• Mentor junior colleagues and check pension liability calculations.

Skills

Project management

Technical actuarial calculations

Client communication

Education

FIA qualification

Job description

Actuarial Manager | DB Consolidation | Up to £80k

Location: UK-wide hybrid, Manchester, Edinburgh, Glasgow, Leeds, London. Other office locations will be considered.

Package: checker, Up to £80,000 base + bonus | doer, £45,000-65,000 base + bonus

Traditional DB pension management is often slow and bogged down by governance. This role sits within a team at the forefront of Operational Consolidation, providing a 'one-stop-shop' solution that replaces traditional, inefficient models.

Using their award-winning Pension Platform, this team manage over 65 schemes collectively. By bringing administration, actuarial, and investment services under one roof, they can provide 'big scheme' service and £1bn+ investment buying power to schemes of all sizes.

The Team:

• No More "Boring" Admin: Through a partnership with professional trustees, admin is automated, so you can focus on technical calculations and strategic advice, not secretarial tasks.
• Market-Leading Growth: With 65+ schemes already on the platform and £3bn in assets, you’re joining a growing DB Master Trust / Consolidator of the Year.
• End-to-End Ownership: You won’t just see fragments of a scheme. You build the models, you run the numbers, and you see the direct impact on the scheme's endgame.

The role:

• Heavy involvement in "endgame" planning, including scheme buy-outs, GMP equalisation, and benefit rectification
• Take ownership of a portfolio of schemes, direct ownership of client communications and attend meetings as you progress
• Responsibility for valuations, member benefit calculations, funding updates, and accounting disclosures
• Performing and checking pension liability calculations
• Manage workflow and mentor junior colleagues

The Individual:

• FIA: Nearly/ Newly qualified Actuary, 4-10 years total experience
• Must have experience in a Pensions Actuarial role within a UK-based consultancy
• Technical understanding of how calculations work, not just how to populate models
• Appetite to take responsibility and organise your own portfolio

This team offer clear promotion pathways based on capability and contribution, and full ownership of schemes and end‑to‑end work, unlike competitors. Open to part-time and full-time.