Pension Actuarial Analyst

Gallagher; City of Edinburgh; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading consultancy firm in Edinburgh is looking for an Actuarial Assistant to manage a portfolio of pension clients. In this role, you will support valuations, disclosures, and client interactions while mentoring analysts. The firm offers a collaborative environment, opportunities for career growth, and a wide array of benefits including competitive salary, health plans, and generous holiday. Ideal candidates will have a degree in numerical fields and experience in the pensions sector.

Benefits

Minimum of 25 days holiday

Defined contribution pension scheme

Life insurance covering 4x basic salary

Health cash plan or private medical insurance

Discounted gym memberships

Employee Stock Purchase plan

Qualifications

• Experience in the pensions actuarial sector.
• Willingness to contribute in a collaborative environment.
• Ability to handle client management and portfolio responsibilities.

Responsibilities

• Handle preparation of valuations and cost estimates.
• Undertake and supervise accounting disclosures.
• Coordinate data collection from clients.
• Check all aspects of actuarial work related to pension schemes.
• Prepare letters, reports, and other client materials.
• Provide leadership, feedback, and training to analysts.

Skills

Experience in UK Defined Benefit/Final Salary Pension field

Degree in numerical or mathematics fields

Progressing in actuarial exams

Team leadership

Education

Degree in numerical or mathematics fields

Job description

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Overview

As a result of sustained growth and success, and a host of award wins, we are looking to expand our actuarial consulting and analyst teams in our London, Manchester, Edinburgh, and Ipswich offices. If you are experienced in the UK Defined Benefit/Final Salary Pension field, join our team and enjoy an encouraging and collaborative environment, with ample opportunities for career growth and diverse client projects. We support achieving a fully-qualified Actuary status. If you are not interested in pursuing additional exams, that is not a prerequisite. We offer mentorship and resources to help you acquire a Scheme Actuary certificate.

You will take an active role in leading a portfolio of clients and serving as a client manager for some of them. We are open to flexible and part-time working requests and will be as accommodating as possible.

How you'll make an impact

Working within an established team of qualified and part-qualified actuaries, you will act as an actuarial assistant for a portfolio of clients. Your responsibilities will include:

1. Handling the preparation of valuations and cost estimates
2. Undertaking and supervising accounting disclosures (FRS17, IAS19, USGAAP)
3. Coordinating data collection, including editing and testing data received from clients
4. Undertaking and checking all aspects of actuarial work related to pension schemes
5. Preparing letters, reports, and other client materials
6. Checking day-to-day individual calculations as requested
7. Participating in internal projects and handling special assignments as needed
8. Assisting scheme consultants with pension scheme consultancy, including attending client/trustee meetings
9. Providing leadership, feedback, and training to actuarial analysts

About You

We are eager to connect with hardworking individuals holding a degree in numerical or mathematics fields, progressing in their actuarial exams. If you have substantial experience in the pensions actuarial sector and are ready to contribute your expertise in a dynamic environment, we encourage you to reach out. Join us to advance your actuarial career.

Compensation and benefits

Along with 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 Gallagher's contributions
• Life insurance covering 4x your basic salary, with options to top-up to 10x
• Income protection covering up to 50% of your income, with options to top-up
• Health cash plan or private medical insurance
• Three fully paid volunteering days per year
• Employee Stock Purchase plan with discounts
• Share incentive plan, HMRC approved
• Critical illness cover
• Discounted gym memberships at over 3,000 gyms
• Season ticket loan
• Access to discounted vouchers for shopping
• Emergency family care support

And many more benefits.