Pensions Actuarial Consultant (London)

TN United Kingdom; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An award-winning consultancy seeks a Pensions Actuarial Consultant to join their esteemed team in London. This role offers the chance to work with a diverse range of clients, providing expert advice on pensions and investments. You'll lead a small team, manage client relationships, and contribute to significant actuarial projects. The company prioritizes professional development and offers a supportive environment where your skills can flourish. Join a forward-thinking organization that values collaboration and innovation, and take your career to the next level.

Benefits

Hybrid working

Professional study support

Private medical insurance

26 days annual leave

Discretionary bonus scheme

Discounted gym memberships

Cycle to work scheme

Digital GP services

Life assurance

Volunteering opportunities

Qualifications

• Nearly/newly qualified FIA/FFA or up to 4 years post-qualification experience.
• Excellent written and oral communication skills are essential.

Responsibilities

• Manage a small team of actuarial staff to produce client work on time.
• Lead actuarial valuations for funding purposes and solvency testing.
• Act as a key point of contact for clients on a day-to-day basis.

Skills

FIA / FFA qualification

Communication skills

Technical knowledge of UK pensions

Supervisory experience

Deadline management

Commercial awareness

Education

Actuarial Science Degree

Job description

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Pensions Actuarial Consultant (London), London

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Client:

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

26889a5cca4e

Job Views:

15

Posted:

29.04.2025

Expiry Date:

13.06.2025

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Job Description:

Pensions Actuarial Consultant (London)

As an award-winning actuarial and analytics consultancy, we specialise in providing expert advice in areas such as pensions, investments, employee benefits, insurance, health, and energy.

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 holds a distinguished reputation in our industry.. We advise a large range of clients, both Trustee and Corporate, and count a significant share of the FTSE companies receiving advice from across our business.

If you would like to be part of a client and people focussed organisation where opportunities to work with senior, well known industry professionals are the norm and where you will be supported to develop your skills to make you the best you can be, we would love to hear from you.

As a consultant in our pensions actuarial department, here's what you can expect:

• To work with a variety of clients, some trustee and some corporate, for a range of scheme types and sizes
• Attend client meetings with the client partner
• Present technical issues at a client meeting from time to time
• Act as a key point of contact for clients on a day-to-day basis, by phone and e-mail
• Manage a small team of actuarial staff to produce client work on time and within budget
• Provide training from time to time to more junior actuarial staff
• Lead the core work on actuarial valuations for funding purposes, solvency testing and buy-in analysis
• Draft pieces of advice, either from scratch or using template documents or precedents, to a standard where they are ready to be sent out
• Review draft trust deeds and rules and member booklets
• Review individual member calculations including transfers-in, transfers-out, early retirements, benefit augmentations, maximum authorised cash lump sums and taxation limits
• Produce sets of factors for transfers-in, transfers-out, early retirement, commutation etc and specifying benefit calculations for pensions administrators
• Draft announcements to members and advising on member communications
• Perform calculations for disclosure in company accounts (under IAS19 and/or US GAAP)
• Estimate Pension Protection Fund levies and calculating Actuarial Certificates of Deficit Reduction Contributions
• Prepare cash flows for use in asset-liability models
• Monitor pension scheme funding levels on an ongoing basis - this might be used as part of a dynamic investment strategy
• Take 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
• Liaise with other client advisers, both internal and external, to ensure efficient provision of advice
• Help 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 up to 4 years post qualification experience
• Have excellent communication skills, both written and oral
• Be fully conversant with all technical aspects of UK pensions work
• Have supervisory experience of more junior actuarial staff
• Be capable of working to tight deadlines
• Be committed to delivering high quality work to clients and developing your career at LCP
• Fully demonstrate commercial awareness and be pro-active with clients

What’s in it for you?

Take a look at our and Career storiespages 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 (varies by role and department)
• 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)