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- Tasks: Lead actuarial projects and manage a diverse portfolio of pension schemes.
- Company: Join a market-leading team revolutionising pension management with innovative solutions.
- Benefits: Competitive salary up to £80k, bonuses, and flexible working options.
- Why this job: Make a real impact in the pensions industry while enjoying clear career progression.
- Qualifications: FIA qualified or nearly qualified actuary with relevant experience in pensions.
- Other info: Dynamic work environment with opportunities for mentorship and professional growth.
The predicted salary is between 48000 - 80000 £ 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.
Yasmin Andrews
Life & Pensions Actuarial Hiring Lead, Principal Consultant
Get in touch to discuss the market. A range of seniorities and specialisms covered: M: 07458161817 E: yasmin.andrews@bwd-search.com
Actuarial Manager | DB Consolidation | Up to £80k in City of London 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 in City of London
✨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 those interviews by brushing up on your technical knowledge and understanding of DB pension management. Be ready to discuss your experience with valuations and member benefit calculations, as well as how you can contribute to the team’s endgame planning.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for the latest job openings and make sure to tailor your approach to each opportunity!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role and the company, which is always a bonus.
We think you need these skills to ace Actuarial Manager | DB Consolidation | Up to £80k in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Manager role. Highlight your relevant experience in pensions actuarial work and any specific projects that showcase your skills in endgame planning and client communications.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share your passion for operational consolidation and how your technical understanding can contribute to our award-winning Pension Platform.
Showcase Your Achievements: Don’t just list your responsibilities; show us what you’ve achieved in your previous roles. Use numbers and examples to demonstrate your impact, especially in managing portfolios or mentoring junior colleagues.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
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 knowledge of pension liability calculations and be ready to discuss how you've applied these in previous roles. This will show that you’re not just familiar with the models but understand the underlying principles.
✨Showcase Your Ownership
This role emphasises end-to-end ownership of schemes. Prepare examples from your past experience where you took charge of a portfolio or led client communications. Highlighting your ability to manage workflows and mentor junior colleagues will resonate well with the interviewers.
✨Understand the Market
Familiarise yourself with the current trends in DB pension management and consolidation. Being able to discuss the advantages of operational consolidation and how it can improve efficiency will set you apart. It shows that you’re not just looking for a job, but are genuinely interested in contributing to their innovative approach.
✨Ask Insightful Questions
Prepare thoughtful questions about the team’s growth and the company’s future plans. Inquire about the specific challenges they face in DB consolidation and how you can contribute to overcoming them. This demonstrates your proactive mindset and genuine interest in the role.
