Pensions Actuarial Consultant

LGBT Great; City Of London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading actuarial consultancy in London is seeking a qualified Pensions Actuarial Consultant. The role involves coordinating actuarial calculations, supporting the Pensions Risk Transfer team, and attending client meetings. Ideal candidates will have solid UK pensions knowledge and great communication skills. The position offers hybrid working along with an attractive benefits package focused on wellbeing, professional development, and inclusivity.

Benefits

Hybrid working

Professional study support

Access to Wellbeing networks

Life assurance

Private medical insurance

Competitive pension scheme

Volunteering opportunities

Qualifications

• Qualified pensions actuary with experience in the UK pensions actuarial consulting environment.
• Excellent knowledge of UK pensions technicalities.
• Ability to delegate tasks and mentor junior team members.

Responsibilities

• Coordinate actuarial calculations and oversee support from junior teams.
• Liaise with insurers and facilitate insurance transactions.
• Attend client meetings to enhance consulting skills.

Skills

Pensions actuarial knowledge

Communication skills

Organizational skills

Teamwork

Commercial awareness

Education

Actuarial qualification

Job description

Pensions Actuarial Consultant (London)

Location - London with hybrid working as per departmental requirements (currently a MINIMUM of 40% (2 days per week).

LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, health, and analytics. We use powerful analytics fused with human expertise to shape a more positive future.

What’s the role?

We have an exciting opportunity to join our pensions actuarial department in London to help support our continued growth in the DB pensions market. We are preferably looking for candidates who will divide their time between pensions actuarial and pensions risk transfer (PRT) work, but we are flexible on the split between the two depending on your strengths and interests.

Who are the team?

Our pensions actuarial department in London consists of over 150 people, from analysts to Partners. They advise trustees and sponsors on a wide range of DB pensions issues - from core work on actuarial valuations and member options advice, to strategic advice and project work. LCP’s highly respected, market leading specialist Pensions Risk Transfer team sits alongside the wider pensions actuarial department. The majority of people within the Pensions Risk Transfer team divide their time across a number of aspects of pensions advice. Everyone in the department has their own unique client mix, meaning that everyone works with lots of different people to advise a range of different clients. This means that the client work is varied and interesting, and there are always new opportunities to learn from others in the team.

What will you be doing?

Our clients range from small schemes with only a handful of members, to large schemes of over 1bn. You’ll be working on a variety of schemes, each with their own priorities. This will also include:

• Coordinating actuarial calculations with the junior teams on your clients and reviewing these calculations along with the associated advice. At consultant level, you are expected to take ownership of workstreams with support from senior members of the team.
• Within the Pensions Risk Transfer team, you would be undertaking a central role in broking insurance transactions, liaising and negotiation with insurers, attending meetings and managing projects.
• Within our department there are also opportunities to join our other specialist teams, for example covering longevity, GMP equalisation and Collective Defined Contribution schemes.
• Everyone at all levels is encouraged to attend client meetings to help develop their consulting skills. Your client list will be designed such that you have opportunities to attend and present at client meetings along with a more senior member of the team.
• You will also have the opportunity to attend industry networking events, with LCP playing a key role organising events targeted at consultant level.

What skills and experience are we looking for?

• A qualified (or very close to qualification) pensions actuary, with demonstrable experience working in the UK pensions actuarial consulting environment
• Excellent UK pensions technical knowledge, with the ability to review core technical work such as actuarial valuation and member options calculations and pensions accounting
• Awareness of current issues and key hot topics in the UK pensions industry
• Ability to draft clear communications and presentations
• Ability to delegate tasks to less experienced members in the team, explaining the wider context
• Good commercial awareness with the ability to consider agreed budgets when carrying out work

You do not need any prior experience of Pensions Risk Transfer work as we are happy to provide training as required. We simply ask that you are keen to learn and get involved.

What qualities and behaviours should you bring?

• Excellent technical pensions knowledge, with the ability to propose your own ideas on how to approach complex calculations
• Good communication skills - able to explain the approach taken and results to more senior team members, and be willing to challenge
• Excellent organisational skills
• Team player with the ability to build strong relationships both within and outside LCP
• Approachable and happy to support less experienced team members, fostering a supportive working environment

What’s in it for you?

Take a look at our and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

• Hybrid working (see top of the advert for details)
• Professional study support (where applicable)
• Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks

For your family:

• Life assurance
• Income protection
• Enhanced maternity/paternity/adoption and shared parental leave

For your health:

• 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy &sell holiday
• Private medical insurance
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• Season ticket loans

For others:

• Volunteering opportunities

For the environment:

• Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.