Retirement Actuarial Consulting Manager

TN United Kingdom; Manchester; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Senior Actuarial Consultant, where you'll leverage your actuarial expertise to deliver innovative pension solutions. This role offers a unique opportunity to work on GMP Equalisation projects while contributing to a multidisciplinary team. You'll enjoy exceptional training and development opportunities in a diverse and friendly work environment that values collaboration and personal growth. With competitive salaries and flexible working arrangements, this is a chance to advance your career in a supportive setting focused on making a meaningful impact in the world of pensions.

Benefits

Exceptional training and development opportunities

Flexible working arrangements

Funding for professional exams

25 days holiday

Comprehensive benefits including private medical insurance

Income protection

Discounts

Qualifications

• Experience in an actuarial role within pensions, especially in technical calculations.
• Understanding of UK Defined Benefit pension schemes and benefit calculations.

Responsibilities

• Check and review complex calculations and communicate results to consultants.
• Manage and support junior colleagues within the GMP Equalisation team.

Skills

Analytical Skills

Communication Skills

Teamwork

Attention to Detail

Numerical Skills

Education

Degree in a numerical or semi-numerical field

Qualified or part-qualified actuary

Tools

Excel

VBA

Job description

Description:

Senior Actuarial Consultant - GMP Equalisation - Nationwide

Mercer is currently looking to expand our team by recruiting talented and ambitious technical part-qualified or qualified actuaries for an exciting, revenue-generating role. This is an opportunity to join an established centre of excellence, specialising in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market. We seek strong team players with proven experience in checking and reviewing technical actuarial calculations, excellent communication skills, and business acumen.

We provide insights, advice, and technology-driven solutions to help build brighter futures for our clients, colleagues, and communities. Together, we are redefining the world of work, reshaping retirement and investment outcomes, and promoting health and well-being.

The role will be part of the projects team, primarily focusing on delivering GMP Equalisation projects to our clients, potentially leading to involvement in de-risking projects. This position offers a fundamental role in delivering pension solutions across our services. As we grow, we offer a continuously evolving and tailored range of services, allowing individuals to learn and develop their skills with ongoing support.

This role is suitable for someone with experience working on DB pensions within an actuarial capacity. Mercer also offers full study support for relevant examinations.

What can you expect?

• Work within a multidisciplinary team on complex defined benefit modelling using advanced actuarial skills, specialising in UK pension solutions.
• Check and review complex calculations and communicate results to consultants and support teams.
• Contribute to continuous improvement through knowledge sharing, training, and process initiatives.
• Develop expertise in Excel, VBA, and Mercer’s in-house technology for high-quality IT and product development.
• Collaborate with internal teams to deliver streamlined services.
• Manage and support junior colleagues within the GMP Equalisation team, including performance reviews and training.
• Support various consulting aspects of GMP projects with direct client contact.

What is in it for you:

• Exceptional training and development opportunities.
• A challenging, friendly, and diverse work environment.
• Competitive salary with flexible working arrangements, including remote work.
• Funding for professional exams and qualifications.
• Career development opportunities across a wide range of services.
• 25 days holiday, with options to buy or sell additional days.
• Comprehensive benefits including pension, private medical insurance, income protection, and discounts.

What you need to have:

• Degree in a numerical or semi-numerical field.
• Qualified or part-qualified actuary.
• Understanding of UK Defined Benefit pension schemes and benefit calculations.
• Strong analytical, numerical, and communication skills.
• Teamwork and collaborative skills.
• Attention to detail and IT proficiency, especially in Excel.

What will make you stand out:

• Experience in an actuarial role within pensions, especially in technical calculations and client support.
• Experience with GMP Rectification and Equalisation projects.

Why Mercer?

Mercer is a global leader in consulting, helping clients reshape retirement and investment outcomes and promote well-being. We aim to make a difference in people's lives by providing trusted guidance and sustainable solutions. We foster an inclusive, flexible, and supportive work environment, encouraging personal growth and career development through various training, certifications, and support programs.