Senior Actuarial Analyst- Pension
Gallagher
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Benefits offered by this job
Job summary
Qualifications
- Experience within the UK defined benefit pensions actuarial environment is essential.
- Strong communication skills are required, though client-facing experience is not necessary.
- Proactive attitude and ability to work as part of a team are important.
- Ability to prioritise, organise and meet deadlines; strong communication skills.
Responsibilities
- Act as an actuarial and consulting assistant for a portfolio of clients.
- Prepare actuarial valuations and cost estimates.
- Prepare letters, reports, and other client materials.
- Provide leadership, feedback, and training to actuarial analysts.
Skills
Education
Job description
Welcome to Gallagher - a global community of people who bring bold ideas, deep expertise, and a shared commitment to doing what’s right. We help clients navigate complexity with confidence by empowering businesses, communities, and individuals to thrive. At Gallagher, you’ll find more than a job; you’ll find a culture built on trust, driven by collaboration, and sustained by the belief that we’re better together. Experience a workplace where you’re encouraged to be yourself, supported to succeed, and inspired to keep learning. That’s what it means to live The Gallagher Way. Founded in 2006, the Gallagher Center of Excellence (GCoE) upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.
Overview This role holder will be responsible for completing and checking a wide range of actuarial work for UK Defined Benefit retirement clients. They will work with the team to deliver actuarial calculations and reports for a portfolio of clients to meet their requirements.
- Acting as an actuarial and consulting assistant for portfolio of clients
- Handling the preparation of actuarial valuations and cost estimates
- Undertaking and supervising accounting disclosures (FRS17, IAS19 and USGAAP)
- Coordinating data collection including editing and testing data received from clients
- Undertaking and checking all aspects of actuarial work associated with pension schemes
- Preparing letters, reports and other client materials
- Assisting in developing administrative procedures and forms used by clients
- Checking day to day individual calculations as requested
- Participating in Buck internal projects, handling special projects or assignments as needed
- Assisting scheme consultants with the consultancy aspects of pension schemes
- Establishing strong working relationships with clients
- Preparing for and attending client meetings, as required
- Providing leadership, feedback and training to actuarial analysts
- Building up consulting knowledge on actuarial and non-actuarial aspects of pension plans
- On qualification, to progress towards holding responsibility for a portfolio of clients and acting as a client manager for a number of these
- Peer reviewing and ensuring own work is peer reviewed as appropriate
- Maintaining accurate time recording and charging to clients where applicable
- Staying abreast of latest industry developments and requirements of applicable regulatory bodies
- Adhering to Corporate Policies and Procedures (CCPs)
- Reporting any suspected breaches to management/compliance department upon discovery
- Leading self - Focuses on how we lead ourselves and react to situations
- Integrity & trust - Focuses on doing the right thing and taking personal responsibilities
- Builds relationships & networks - Focuses on building diverse networks and accepting difference
- Collaborates - Focuses on sharing, supporting and being inclusive to achieve mutually beneficial outcomes
- Communicates & influences - Focuses on clear communication, influencing and negotiating
- Client Excellence - Focuses on understanding and meeting the needs of internal and external clients for now and the future of a long term relationship
- Planning - Focuses on building plans and obtaining resources and ensuring alignment across teams and the business
- Drive for results - Focuses on performance and removing obstacles to achieve results
- Business Acumen - Focuses on analysing and solving problems
- Strategy - Focuses on strategic thinking and understanding broader context affecting Gallagher and the industry
- Innovation - Focuses on creative thinking, generating new ideas and embedding the necessary change
- Experience within the UK defined benefit pensions actuarial environment
- Experience of work in one or more of the following areas:
- Pension scheme funding valuations
- Pension accounting disclosures (FRS17, IAS19 and USGAAP)
- Individual actuarial calculations for pension scheme members (e.g. transfer values)
- Actuarial factors
- Pension data analysis
- Guaranteed Minimum Pension (GMP) equalisation
- Strong communication skills (but not necessarily any experience communicating with clients)
- Able to prioritise, organise and carry out tasks within deadlines
- Good numeracy and literacy skills
- Proactive and a team player
- Attention to detail
- Computer literate
- Good numerical/mathematics-based degree
- Good progress through the actuarial exams
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
Below are the minimum core benefits you’ll get, depending on your job level, these benefits may improve:
- Medical Insurance and Parental Medical Insurance
- Accidental Insurance and Life Insurance
- Retirals - Employee Gratuity, Future Service Gratuity benefit - Group Term Life, Employee Provident Fund, National Pension Scheme
- Flexi Benefits Plan – Tax Savings Plans
- Annual Leave/ Maternity & Paternity Leave/ Additional paid ML, Mental Health Day
Other benefits include:
- Employee Wellness Programs
- Training programs
- And more..
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.
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