At a Glance
- Tasks: Lead actuarial projects and manage a diverse portfolio of pension schemes.
- Company: Dynamic firm revolutionising pension management with innovative solutions.
- Benefits: Up to £80k salary, bonuses, hybrid work, and clear promotion pathways.
- Why this job: Make a real impact in the pensions sector while enjoying a collaborative environment.
- Qualifications: FIA qualified actuary with 4-10 years of experience in pensions.
- Other info: Join a market leader with opportunities for growth and mentorship.
The predicted salary is between 57600 - 84000 £ per year.
Location: UK-wide hybrid, Manchester, Edinburgh, Glasgow, Leeds, London. Other office locations will be considered.
Package: Up to £80,000 base + bonus
Traditional DB pension management is often slow and bogged down by governance. This role sits within a team at the forefront of Operational Consolidation, providing a "one-stop-shop" solution that replaces traditional, inefficient models.
Using their award-winning Pension Platform, this team manage over 65 schemes collectively. By bringing administration, actuarial, and investment services under one roof, they can provide "big scheme" service and £1bn+ investment buying power to schemes of all sizes.
The Team:
- No More "Boring" Admin: Through a partnership with professional trustees, admin is automated, so you can focus on technical calculations and strategic advice, not secretarial tasks.
- Market-Leading Growth: With 65+ schemes already on the platform and £3bn in assets, you’re joining a growing DB Master Trust / Consolidator of the Year.
- End-to-End Ownership: You won’t just see fragments of a scheme. You build the models, you run the numbers, and you see the direct impact on the scheme's endgame.
The role:
- Heavy involvement in "endgame" planning, including scheme buy-outs, GMP equalisation, and benefit rectification.
- Take ownership of a portfolio of schemes, direct ownership of client communications and attend meetings as you progress.
- Responsibility for valuations, member benefit calculations, funding updates, and accounting disclosures.
- Performing and checking pension liability calculations.
- Manage workflow and mentor junior colleagues.
The Individual:
- FIA: Nearly/ Newly qualified Actuary, 4-10 years total experience.
- Must have experience in a Pensions Actuarial role within a UK-based consultancy.
- Technical understanding of how calculations work, not just how to populate models.
- Appetite to take responsibility and organise your own portfolio.
This team offer clear promotion pathways based on capability and contribution, and full ownership of schemes and end‑to‑end work, unlike competitors. Open to part-time and full-time.
Please apply here, or get in touch. It is best to separately email your CV directly to me.
Life & Pensions Actuarial Hiring Lead, Principal Consultant. Get in touch to discuss the market. A range of seniorities and specialisms covered.
Actuarial Manager | DB Consolidation | Up to £80k employer: BWD Search & Selection
Contact Detail:
BWD Search & Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Manager | DB Consolidation | Up to £80k
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the hunt for an Actuarial Manager role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of pension schemes. Be ready to discuss your experience with valuations and benefit calculations, as well as how you can contribute to the team’s endgame planning.
✨Tip Number 3
Showcase your ownership skills! During interviews, highlight instances where you've taken charge of a portfolio or led client communications. This will demonstrate that you’re ready to take on the responsibilities of the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, if you have any questions, feel free to reach out directly to the hiring lead for a chat about the role.
We think you need these skills to ace Actuarial Manager | DB Consolidation | Up to £80k
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Actuarial Manager role. Highlight your experience in pensions actuarial work and any relevant qualifications, like being nearly or newly qualified as an FIA.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about this role and how your background makes you a perfect fit for our team. Don’t forget to mention your appetite for taking responsibility and managing your own portfolio.
Showcase Your Technical Skills: We want to see your technical understanding of pension calculations. Be specific about your experience with valuations, member benefit calculations, and any other relevant tasks. This will help us see how you can contribute to our innovative approach.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come through our platform!
How to prepare for a job interview at BWD Search & Selection
✨Know Your Numbers
As an Actuarial Manager, you'll need to demonstrate a solid grasp of technical calculations. Brush up on your pension liability calculations and be ready to discuss how you approach valuations and funding updates. This shows you're not just familiar with the models but understand the underlying principles.
✨Showcase Your Ownership Skills
This role involves taking ownership of a portfolio of schemes, so be prepared to share examples from your past experience where you've managed client communications or led projects. Highlighting your ability to take responsibility will resonate well with the interviewers.
✨Understand the Endgame
Familiarise yourself with endgame planning concepts like scheme buy-outs and GMP equalisation. Be ready to discuss how you would approach these topics in your role. Showing that you can think strategically about the future of the schemes will set you apart.
✨Be Ready to Mentor
Since mentoring junior colleagues is part of the job, think about your past experiences in guiding others. Prepare to discuss how you've supported team members in their development and how you plan to foster a collaborative environment in this new role.