Pension Actuarial Analyst

Gallagher; City of Edinburgh; On-site; GBP 35,000 - 55,000; Full time

Job summary

Gallagher, a leader in actuarial consulting, is expanding its teams in the UK. We are seeking an actuarial assistant in Edinburgh to support our diverse client base while offering pathways to obtaining fully-qualified Actuary status. Join us in a collaborative and supportive culture with clear career progression opportunities.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance (4x basic salary)

Income protection (up to 50% of income)

Health cash plan or private medical insurance

Gym memberships

Season ticket loans

Family care backup

Volunteering days

Qualifications

• Actuarial exams progress with CT exams and CA1 completed.
• Substantial experience in the pensions actuarial environment is essential.

Responsibilities

• Prepare valuations and cost estimates for a portfolio of clients.
• Coordinating data collection and checking actuarial work.
• Provide feedback and training to actuarial analysts.

Skills

Numerical skills

Analytical skills

Education

Good numerical/mathematics-based degree

Job description

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Overview

Following a period of sustained growth and success, and a host of award wins (including the one mentioned), we are looking to expand our actuarial consulting and analyst teams in our London, Manchester, Edinburgh, and Ipswich offices. If you have some actuarial qualifications and experience working in the UK Defined Benefit/Final Salary Pension sector, we would like to tell you about the great opportunities we offer, including a supportive, collaborative culture, clear career progression, diverse work, and a variety of clients.

We will support you in obtaining fully-qualified Actuary status (although this is not mandatory if further exams are not of interest). We also provide guidance and tools towards obtaining a Scheme Actuary certificate, enabling you to manage a portfolio of clients and act as a client manager. We are open to flexible and part-time working requests and will accommodate these as much as possible.

How you'll make an impact

In this role, you will work within an established team of qualified and part-qualified actuaries, acting as an actuarial and consulting assistant for a portfolio of clients. Responsibilities include:

• Preparing valuations and cost estimates
• Undertaking and supervising accounting disclosures (FRS17, IAS19, USGAAP)
• Coordinating data collection, including editing and testing received data
• Checking all aspects of actuarial work related to pension schemes
• Preparing letters, reports, and other client materials
• Reviewing individual calculations as requested
• Participating in internal projects and handling special assignments
• Assisting scheme consultants with pension scheme consultancy, including attending client/trustee meetings
• Providing leadership, feedback, and training to actuarial analysts

About You

Ideal candidates will have:

• A good numerical/mathematics-based degree
• Progress through actuarial exams, typically having completed CT exams and CA1
• Substantial experience in the pensions actuarial environment

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Compensation and benefits

Alongside a competitive salary, great teams, and exciting career opportunities, we offer a wide range of benefits, including:

• Minimum of 25 days holiday plus bank holidays, with options to buy extra days
• Defined contribution pension scheme with employer contributions
• Life insurance (4x basic salary, up to 10x optional)
• Income protection (up to 50% of income, with top-up options)
• Health cash plan or private medical insurance
• Additional benefits such as volunteering days, employee stock purchase plan, share incentive plan, critical illness cover, gym memberships, season ticket loans, discount vouchers, family care backup, and more.