Pensions Actuarial Consultant

Lane Clark & Peacock LLP.; Winchester; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Hybrid working

Professional study support

Life assurance

Income protection

Private medical insurance

Discretionary bonus scheme

Job summary

Lane Clark & Peacock LLP is seeking a technically strong pensions consultant near FIA/FFA qualification. The role involves leading actuarial work for trusted clients, presenting complex issues at meetings, and mentoring junior staff.

Hybrid working is available in Winchester, with opportunities to shape strategic pension solutions. You will engage with a range of trustee and corporate clients, delivering high-quality advice under tight deadlines and contributing to firm growth in a

Qualifications

• You must be about to become a qualified FIA/FFA or have post qualification experience.
• Excellent communication skills, both written and oral.
• Be fully conversant with all technical aspects of UK pensions work.

Responsibilities

• Lead actuarial valuations for funding, solvency testing, and buy-in analysis.
• Draft and review technical advice and member calculations for transfers and pensions.
• Manage client relationships and present issues at meetings with client partners.
• Supervise junior staff and provide training when needed.
• Contribute to business development and response to tenders.

Skills

FIA/FFA candidacy

Pensions technical expertise

Excellent communication

Job description

Business area Pensions Actuarial and Pension Risk Transfer

Location Winchester

Job ID 257129

Location - Winchester with hybrid working available

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.

We have an exciting opportunity for a technically strong and experienced nearly/newly qualified Consultant to join our team. This is an excellent opportunity for an ambitious career minded individual wanting a challenging and rewarding career.

The team

Our pensions actuarial department is very well known and very highly respected within our industry. We advise a large range of clients, both Trustee and Corporate, and count a significant share of the FTSE 100 companies receiving advice from across our business.

If you desire to be part of a client and people focussed organisation where opportunities to work with senior, well known industry professional are the rule, not the exception and where you will be supported to develop your skills to make you the best you can be then we would love to hear from you.

As a consultant joining the pensions actuarial department what can you expect?

• Working with a variety of clients, some trustee and some corporate, for a range of scheme types and sizes
• Attending client meetings with the client partner
• Presenting technical issues at a client meeting from time to time
• Acting as a key point of contact for clients on a day-to-day basis, by phone and e-mail
• Managing a small team of actuarial staff to produce client work on time and within budget
• Providing training from time to time to more junior actuarial staff
• Leading the core work on actuarial valuations for funding purposes, solvency testing and buy-in analysis
• Drafting pieces of advice, either from scratch or using template documents or precedents, to a standard where they are ready to be sent out
• Reviewing draft trust deeds and rules and member booklets
• Reviewing individual member calculations including transfers-in, transfers-out, early retirements, benefit augmentations, maximum authorised cash lump sums and taxation limits
• Producing sets of factors for transfers-in, transfers-out, early retirement, commutation etc and specifying benefit calculations for pensions administrators
• Drafting announcements to members and advising on member communications
• Calculations for disclosure in company accounts (under IAS19 and/or US GAAP)
• Estimating Pension Protection Fund levies and calculating Actuarial Certificates of Deficit Reduction Contributions
• Preparing cash flows for use in asset-liability models
• Monitoring pension scheme funding levels on an ongoing basis - this might be used as part of a dynamic investment strategy
• Taking a pro-active role in keeping clients up-to-date on technical developments and anticipating their needs, and keeping the client partner informed of progress
• Liaising with other client advisers, both internal and external, to ensure efficient provision of advice
• Helping respond to invitations to tender for new business and potentially being involved in business pitches

What essential skills and personal qualities do I need to apply for this role?

• You must be about to become a qualified FIA / FFA or have post qualification experience
• Excellent communication skills, both written and oral
• Be fully conversant with all technical aspects of UK pensions work
• Supervisory experience of more junior actuarial staff
• Ability work to tight deadlines
• Commitment to delivering high quality work to clients and developing your career at LCP
• Ability demonstrate commercial awareness and be pro-active with clients

What’s in it for you?

Take a look at our Glassdoor and Career stories pages to see why our people love being here! As well as joining a certified B-Corp, 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
• Cycle to work scheme
• Digital GP services

For your wealth:

• Discretionary bonus scheme
• 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.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - [e-mail] to discuss how we can support you with your application.

Recruitment agencies

LCP operates a Preferred Supplier List (PSL) for recruitment agencies which is reviewed annually. We do not accept unsolicited CVs or candidate profiles from agencies who are not part of our currentPSL. LCP only pay agency fees where we have a signed agreement in place, and the agency has been instructed by a member of our recruitment team to supply CVs via the Applicant Tracking System (ATS) for a legitimate, open vacancy. If this process is not adhered to, LCP reserve the right to contact these candidates directly and have discussions with them without paying any agency fees. We do not pay agency fees when speculative and unsolicited CVs or candidate profiles are submitted to any employee or Partner at LCP.