At a Glance
- Tasks: Consult clients on LGPS, manage relationships, and lead projects in a dynamic team.
- Company: Join an award-winning firm with a strong focus on public sector pensions.
- Benefits: Enjoy competitive bonuses, generous holiday, and comprehensive health benefits.
- Other info: Flexible working options and a supportive environment for personal growth.
- Why this job: Make a real impact in the public sector while developing your actuarial career.
- Qualifications: Fellowship Actuarial Qualifications and DB Pension experience required.
The predicted salary is between 40000 - 50000 £ per year.
This role is aimed at qualified actuaries (or those close to qualifying) with experience in the Local Government Pension Scheme (LGPS) who are keen to further develop their consulting career. You will work towards becoming a Scheme or Corporate Actuary while building your own portfolio across LGPS clients. There is also scope to take on Team Leader responsibilities, supporting delivery, governance activity and working with Senior Actuaries to set priorities.
You will join a growing team with strong demand for LGPS actuarial and governance work, including new regulatory driven projects. The role offers broad exposure, from funding strategy, employer risk and asset pooling through to governance support, employer transitions and statutory reporting. Strong organisational skills and the ability to work collaboratively across a busy client portfolio will be key.
A snapshot of your day:
- Client consulting, acting as a key contact for a range of clients, including LGPS funds and employers
- Supporting Partners in managing client relationships, helping to identify and resolve issues as they arise
- Attending client meetings, contributing to discussions and identifying opportunities to support clients
- Reviewing draft client reports and advice, ensuring clarity and consistency
- Applying actuarial techniques and principles to assess risk and uncertainty in pensions
- Checking work of other team members, ensuring accuracy and compliance with LGPS regulations
- Assisting with new business opportunities, including supporting tenders and pitch processes
- Supporting team management activities, helping to coordinate workload and maintain delivery standards
- Maintaining an understanding of current pensions developments and sharing relevant insights with clients
- Contributing to the delivery of high-quality client work within agreed timescales
- Supporting corporate accounting work and identifying opportunities to provide additional services where appropriate
- Peer reviewing 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.
Working with an award winning LGPS team holding three stars in the “best companies” ranking. 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.
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 - Public Sector employer: Barnett Waddingham
Barnett Waddingham is an exceptional employer for qualified actuaries seeking to advance their consulting careers in the Public Sector. With a strong focus on employee development, competitive benefits including a generous pension scheme and flexible working options, and a supportive work culture that values collaboration and innovation, you will thrive in a dynamic environment while contributing to impactful LGPS projects. Join our award-winning team and enjoy the opportunity to grow your portfolio and leadership skills in a company that prioritises your professional journey.
StudySmarter Expert Advice🤫
We think this is how you could land Consulting Actuary - Public Sector
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Barnett Waddingham. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Consulting Actuary - Public Sector
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Barnett Waddingham.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Barnett Waddingham's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Barnett Waddingham
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Barnett Waddingham.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Barnett Waddingham will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Barnett Waddingham employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.