At a Glance
- Tasks: Join our Actuarial Consulting team and provide expert advice to clients on pensions.
- Company: Dynamic firm with a focus on innovation and client success.
- Benefits: Competitive salary, generous pension scheme, and extensive health benefits.
- Other info: Flexible working options and excellent progression opportunities available.
- Why this job: Shape your career in consulting while making a real impact in the pensions sector.
- Qualifications: Fellowship Actuarial Qualifications and DB Pension experience required.
The predicted salary is between 60000 - 80000 £ per year.
We have an exciting opportunity for a Consulting Actuary to join our Actuarial Consulting team. This role is suitable for members of an actuarial team that are keen to pursue a consulting role and will usually include working towards being a Scheme Actuary or Corporate Actuary, developing own portfolio of appointments. It may also include the role of a Team Leader, which involves working alongside others involved in Client Consulting, to ensure that all operational tasks within the team are conducted on a day to day basis and liaising with Partners to agree priorities.
Our services are designed to support trustees and employers by delivering pragmatic advice which brings clarity to complex issues such as investing assets, de-risking, longevity, risk management and the impact of legislative changes. We undertake a range of services for clients including full-service actuarial consulting, investment consultancy and standalone projects such as mergers and acquisitions. We offer excellent progression opportunities through to Partner.
A snapshot of your day:
- Client Consulting; Acting as the main contact, providing advice for a range of clients
- Assist Partners in managing client relationships, identifying any problems that arise and helping resolve them as soon as possible
- Attend client meetings and identify ways that we can help our clients and report new initiatives.
- Review draft client reports and advice
- Use of a variety of techniques and theoretical principles to establish probability and risk in respect of areas such as pensions
- Check work of other team members, ensuring accuracy and compliance with scheme rules, procedures and legislation
- Identify opportunities for new business and assist in new business tenders, including participating in the pitch to the potential client
- Team Management; responsible for team workload and activity, actively managing the team and attending firm-wide Actuarial Team Leader meetings
- Maintain a broad knowledge of current pensions issues and proactively advise clients on relevant developments in the pensions world
- Manage a client team, ensure work is of a high quality and within agreed timescales
- When leading the corporate accounting appointment actively look for opportunities to support the company with other relevant BW services
- Peer review colleagues work where appropriate
We would love to hear from you if you have:
- Fellowship Actuarial Qualifications FIA / FAA or equivalent
- DB Pension experience is essential
- Demonstrated experience leading a team and excellent people management skills
- Good IT skills
- Project management and time management skills
- Excellent communication skills and good networking skills
- Ability to take forward new ideas
What's in it for you:
- Competitive discretionary annual bonus.
- Core benefits paid for by BW including life assurance, group income protection, private medical cover and 25 days holiday per year with holiday trading.
- A generous pension scheme where we contribute 8% of your salary from day one of your employment.
- Employee Assistance Programme to support you and your family through any concerns or challenges you may experience.
- A comprehensive range of voluntary benefits to suit your life stage and lifestyle including a tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, extension of private medical cover or life assurance to family members, gym membership, travel insurance and a broad range of discounts at hundreds of retailers including supermarkets, fitness centres, travel and leisure companies.
Happy to talk flexible working.
Accessibility: We are a Disability Confident Employer. If you require reasonable adjustments or want more information on accessibility, please click here.
Not quite the right opportunity for you this time? For more about us and other Careers at BW, please click here.
We kindly ask recruitment agencies to not send speculative CVs. Should we need assistance, we will reach out. All enquiries should be directed to careers@barnett-waddingham.co.uk.
Consulting Actuary | DB Pensions employer: Barnett Waddingham
Barnett Waddingham is an excellent employer, offering a supportive work culture that values detail-oriented professionals in the IT sector. With hybrid working options available in vibrant locations like Birmingham and Amersham, employees benefit from a competitive package that includes a generous pension and annual bonus, alongside ample opportunities for personal and professional growth within a collaborative environment.
StudySmarter Expert Advice🤫
We think this is how you could land Consulting Actuary | DB Pensions
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial world and let them know you're on the lookout for consulting roles. You never know who might have the inside scoop on an opportunity that’s perfect for you.
✨Tip Number 2
Prepare for those interviews by brushing up on your client consulting skills. Think about how you can demonstrate your ability to manage relationships and solve problems, as these are key in the consulting game.
✨Tip Number 3
Showcase your leadership experience! If you've led a team or managed projects, make sure to highlight these experiences during interviews. It’s all about proving you can handle the responsibilities of a Consulting Actuary.
✨Tip Number 4
Don’t forget to apply through our website! We love seeing candidates who are genuinely interested in joining our team. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace Consulting Actuary | DB Pensions
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that are relevant to the Consulting Actuary role. Highlight your DB Pension experience and any leadership roles you've had, as we want to see how you can contribute to our team.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your communication skills and ability to manage client relationships.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled complex issues in the past. We love candidates who can think critically and provide pragmatic solutions, especially in areas like risk management and legislative changes.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at Barnett Waddingham
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of DB pensions and current issues in the pensions world. Being able to discuss recent legislative changes or trends will show that you're proactive and well-informed, which is crucial for a Consulting Actuary role.
✨Demonstrate Your Team Leadership Skills
Since this role may involve team management, be prepared to share examples of how you've successfully led a team in the past. Highlight your people management skills and any experiences where you've resolved conflicts or improved team performance.
✨Prepare for Client Scenarios
Think about potential client scenarios you might face in this role. Prepare to discuss how you would approach client meetings, identify their needs, and provide pragmatic advice. This will demonstrate your consulting mindset and ability to build strong client relationships.
✨Showcase Your Communication Skills
Excellent communication is key in this role. Practice articulating complex actuarial concepts in a clear and concise manner. You might even want to prepare a mock presentation or report to showcase your ability to communicate effectively with clients and colleagues alike.
