Actuarial Consultant

Actuarial Consultant

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Actuarial team to provide clear, jargon-free advice on pension schemes.
  • Company: We're a growing consultancy focused on helping clients navigate complex pension challenges.
  • Benefits: Enjoy hybrid working and vibrant offices in multiple UK locations.
  • Why this job: Make a real impact by helping clients manage their pension risks effectively.
  • Qualifications: Part Qualified or Qualified Actuaries are welcome to apply.
  • Other info: Be part of a dynamic team that values communication and innovation.

The predicted salary is between 43200 - 72000 £ per year.

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Actuarial Consultant

Are you interested in working on a close-knit, collaborative and knowledgeable actuarial team? Would you like to work in a consulting environment and have daily exposure to C-suite leaders of a range of multinational and Indigenous clients? Would you like to work with client managers and have responsibility for the delivery of actuarial services to a portfolio of clients? If so, this may be the role for you!

You could be based in any of the following UK offices (Birmingham, Bristol, Edinburgh, Epsom, Farnborough, Glasgow, Leeds, London, Manchester, St. Albans), with a mix of home and office working.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

The Actuarial Consultant will have the opportunity to develop relationships with clients in delivering trustee work. Responsibilities will include:

  1. Advising clients on strategic pensions issues, including benefit design, restructuring, risk management/transfer projects, funding, as well as pension accounting disclosures.
  2. Preparing actuarial valuations, funding certificates, funding proposals, and actuarial statements as required under the Pensions Act 1990.
  3. Taking ownership for the quality of technical work delivered to clients, including reviewing work from more junior support team members as required.
  4. Working collaboratively on joint projects with colleagues in the general consulting, risk management, and investment practices.
  5. Developing intellectual capital to support innovation and efficiencies.

How this opportunity is different

The Actuarial Consultant is encouraged to work autonomously to deliver actuarial services to their allocated clients while also working as part of a team with a diverse range of versatile, motivated colleagues who will support you. Client exposure within the actuarial team is second to none, providing opportunities to work with prestigious, global multinational clients daily.

Skills and experience that will lead to success

  1. Qualified Actuary or part qualified with less than one year remaining.
  2. Stakeholder management experience, whilst exposure to leading client relationships would be advantageous.
  3. Ideally possesses relevant industry and consulting experience coupled with sound technical capability; however, we are also interested in individuals willing to transition from non-pension actuarial areas.
  4. Strong communication and interpersonal skills, and comfortable in leading discussions at a senior management level.
  5. Ability to encourage and develop other colleagues and work well within diverse teams.
  6. Whilst having an eye for detail, also capable of thinking and advising at a strategic level.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!

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Actuarial Consultant employer: TN United Kingdom

Our client is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation within their Actuarial team. With vibrant offices located in key cities such as Edinburgh, Belfast, and Manchester, employees benefit from a hybrid working model that promotes work-life balance. The company prioritizes professional growth, providing ample opportunities for development while ensuring that their team members are equipped with the latest technology to deliver pragmatic solutions to complex pension challenges.
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Contact Detail:

TN United Kingdom Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Consultant

Tip Number 1

Familiarize yourself with the latest trends and technologies in pension scheme management. Understanding how technology can enhance real-time monitoring and risk management will set you apart during discussions.

Tip Number 2

Brush up on your communication skills, especially in simplifying complex actuarial concepts. Being able to convey intricate information in an understandable way is crucial for advising clients effectively.

Tip Number 3

Network with professionals in the actuarial field, especially those who work with pension schemes. Engaging with industry peers can provide insights into the challenges they face and how you can contribute solutions.

Tip Number 4

Stay updated on legislative changes affecting pension schemes. Demonstrating your knowledge of current regulations and their implications will show your commitment and expertise in the field.

We think you need these skills to ace Actuarial Consultant

Actuarial Science
Risk Assessment
Data Analysis
Communication Skills
Problem-Solving Skills
Knowledge of Pension Schemes
Regulatory Compliance
Client Relationship Management
Financial Modelling
Scenario Testing
Attention to Detail
Adaptability
Team Collaboration
Technical Proficiency in Actuarial Software

Some tips for your application 🫡

Understand the Role: Take the time to thoroughly understand the responsibilities and requirements of the Actuarial Consultant position. Familiarize yourself with the specific challenges faced by UK pension schemes and how your skills can address these.

Tailor Your CV: Customize your CV to highlight relevant experience and qualifications that align with the job description. Emphasize your actuarial skills, any relevant projects, and your ability to communicate complex information clearly.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Discuss how your background and expertise can contribute to the team's mission of providing pragmatic advice to clients.

Highlight Communication Skills: Since communication is key in this role, make sure to provide examples of how you've effectively communicated complex information in previous positions. This will demonstrate your ability to advise clients and stakeholders clearly.

How to prepare for a job interview at TN United Kingdom

Understand the Role

Make sure you have a clear understanding of what an Actuarial Consultant does, especially in relation to UK pension schemes. Familiarize yourself with the specific challenges faced by these schemes and how your skills can help address them.

Communicate Clearly

Since communication is key in this role, practice explaining complex actuarial concepts in simple terms. Be prepared to demonstrate how you can remove jargon and make information accessible to clients.

Showcase Your Technical Skills

Be ready to discuss your experience with the latest technology used in actuarial work. Highlight any tools or software you are proficient in that can help clients monitor scheme funding and manage risks effectively.

Prepare for Scenario Questions

Expect questions that ask you to analyze scenarios related to pension schemes. Practice thinking through potential risks and solutions, as well as how you would advise clients in various situations.

Actuarial Consultant
TN United Kingdom
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