Senior Actuarial Consultant - GMP Equalisation - Nationwide

Marsh McLennan; City Of London; On-site; GBP 60,000 - 75,000; Full time

Job summary

A leading consulting firm in the UK is seeking a Senior Actuarial Consultant to join their GMP Equalisation team. The role involves reviewing complex calculations, managing junior staff, and contributing to continuous improvement initiatives. Candidates should be qualified or part qualified actuaries with a strong understanding of UK Defined Benefit pension schemes. This position offers opportunities for professional development and a supportive work environment.

Benefits

Professional development opportunities

Vibrant and inclusive culture

Competitive benefits and rewards

Qualifications

• Experience with technical calculations for GMP Rectification and Equalisation projects.
• Understanding of UK Defined Benefit pension schemes and benefit calculations.

Responsibilities

• Check and review complex actuarial calculations.
• Communicate results to consultants and support teams.
• Manage junior colleagues in the GMP Equalisation team.
• Support training and development initiatives.

Skills

Analytical skills

Numerical skills

Critical thinking

Communication skills

Education

Qualified or part qualified actuary

Job description

Senior Actuarial Consultant - GMP Equalisation - Nationwide

Mercer is currently looking to grow our team by appointing talented and ambitious technical part – qualified / qualified actuaries in an exciting and 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 are looking for strong team players with proven experience of checking and reviewing technical actuarial calculations, excellent communication skills and business acumen.

We will count on you to:

• Work as part of a great multi-disciplinary team on complex defined benefit modelling using advanced actuarial skills and techniques, specialising in complex UK pension solutions
• You will be responsible for checking and reviewing complex calculations, as well as communicating the results to consultants and wider support teams
• Contribute to continuous improvement by developing and delivering knowledge sharing / training / process improvement initiatives and co-ordinate new process rollouts across locations
• Working in partnership and developing relationships with internal teams to deliver a streamlined service to other lines of business within Mercer
• Directly involved with the management of more junior colleagues within the GMP Equalisation team, including supporting with performance reviews, training and personal development plans
• Develop skills to support on various consulting aspects of GMP projects and have direct client contact

What you need to have:

• Qualified or part qualified actuary
• Experience of technical calculations required for GMP Rectification and Equalisation projects
• A good understanding of how UK Defined Benefit pension schemes operate and experience in carrying out benefit calculations for Defined Benefit pension schemes
• Excellent analytical, numerical, and critical thinking skills, including a good understanding of actuarial approaches for pensions

What makes you stand out:

• Experience working in a similar role within an Actuarial team, working in Pensions, with a focus on technical aspects and solid exposure to consultants and broader client support teams

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process.