Senior Pensions Actuarial Consultant

Lane Clark & Peacock LLP.; Greater London; Hybrid; GBP 80,000 - 120,000; Full time

Benefits offered by this job

Hybrid working

Professional study support

Life assurance

Income protection

Private medical insurance

Cycle to work

Job summary

Lane Clark & Peacock LLP in London is seeking a qualified pensions actuary to support a growing client base across DB pensions, valuations, member options, and PRT work. The role offers a flexible split between pensions actuarial and PRT with training and development opportunities.

The team comprises over 150 professionals across actuarial and risk transfer, providing access to a broad client mix and ongoing professional study support.

Qualifications

• Qualified pensions actuary with UK consulting experience.
• Strong UK pensions technical knowledge and actuarial valuation/ member options calculations.
• Ability to communicate clearly in presentations and written reports.

Responsibilities

• Coordinate actuarial calculations and review advice for client schemes.
• Support broking of insurance transactions within Pensions Risk Transfer.
• Collaborate with longevity, GMP equalisation and CDC teams as needed.
• Attend industry events and engage with clients to build relationships.

Skills

Pensions actuary

Job description

Business area Pensions Actuarial and Pension Risk Transfer

Location London

Job ID 311928

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?

LCP’s pensions actuarial department is growing as we expand our client base and continue to take on new projects for our existing clients. Our goal is to be the leading long-term partner for DB advice and deliver better outcomes for members, trustees, sponsors and society. With this comes opportunities to work on wide-ranging clients and projects and progress within the business.Ideally you will divide your 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.We 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 less experienced teams on your clients and reviewing these calculations along with the associated advice.
• 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.
• You will also have the opportunity to attend industry networking events

What skills and experience are we looking for?

• A qualified 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
• 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
• Excellent organisational skills
• A team player mentality 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 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.