Senior Pensions Actuarial Consultant

LGBT Great; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid working

Professional study support

Wellbeing networks

Job summary

LCP’s pensions actuarial department in London is growing as we expand our client base and take on new projects for our existing clients. Ideally you will divide your time between pensions actuarial and pensions risk transfer (PRT) work, but we are flexible on the split depending on your strengths and interests.

You will join a team of over 150 people, advising trustees and sponsors on DB pensions, valuations, member options and PRT deals, with opportunities to learn from colleagues and progress

Qualifications

• Qualified pensions actuary with experience in UK pensions actuarial consulting.
• UK pensions technical knowledge; review valuation and member options calculations and pensions accounting.
• Awareness of current issues in the UK pensions industry.
• Ability to draft clear communications and presentations.
• Ability to delegate tasks to less experienced team members, explaining the wider context.
• Commercial awareness with budget consideration.

Responsibilities

• Coordinate actuarial calculations with junior teams and review advice.
• Broking insurance transactions in Pensions Risk Transfer and manage projects.
• Join other specialist teams (longevity, GMP, CDC) as opportunities arise.
• Attend industry networking events.

Skills

Pensions actuarial

Actuarial valuations

Member options calculations

Communication skills

Delegation to junior staff

Commercial awareness

Education

Pensions actuarial qualification

Job description

Senior Pensions Actuarial Consultant

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 communication skills
• 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 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
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• 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.

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 current PSL. 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