Pensions Actuarial Consultant - Nationwide
Pensions Actuarial Consultant - Nationwide

Pensions Actuarial Consultant - Nationwide

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Provide expert advice on pension schemes and lead client meetings.
  • Company: Join Mercer, a global leader in investment and retirement solutions.
  • Benefits: Professional development, flexible work options, and a vibrant culture.
  • Why this job: Make a real impact on clients' futures while growing your career.
  • Qualifications: Fully qualified or nearing qualification as an Actuary with strong analytical skills.
  • Other info: Diverse and inclusive workplace with excellent career growth opportunities.

The predicted salary is between 36000 - 60000 £ per year.

We are looking for Pensions Actuarial Consultants to join our team and help provide high quality support and advice to our clients to make sure their scheme members receive their benefits as planned. As a Pensions Actuarial Consultant, you will be working in a team to develop and deliver customised advice and solutions to clients (trustee and corporates) with a primary focus on DB pension schemes. You will also have the opportunity to work with colleagues across funding, investment, risk transfer and covenant to bring the best solutions to our clients.

We will count on you to:

  • Lead client meetings and presentations
  • Provide an informed view on current topics based on client circumstances, and tailoring advice as appropriate
  • Utilise strong technical actuarial skills used to consult with clients on technical topics
  • Communicate with clients in a clear and succinct manner
  • Act as final technical reviewer for actuarial calculations
  • Agree the strategy, direction and resourcing for client work
  • Perform supervision, appraisals and act as a mentor for employees under supervision (if applicable) or informally via feedback on client work
  • Participate in setting and negotiating fees, where appropriate and monitoring of fee budgets

What you need to have:

  • Fully qualified Actuary / nearing qualification
  • Excellent communication skills, strong analytical, numerical and critical thinking skills, including a good understanding of actuarial approaches for pensions
  • Ability to manage projects, including distribution of work to junior colleagues
  • A good understanding of a range of ways in which UK pension schemes operate

What makes you stand out:

  • Significant experience working with trustees and / or corporates on DB pensions within an actuarial consultancy role
  • Excellent communication skills
  • Demonstrated business acumen, adaptability and a desire to be in front of clients, all underpinned by the required technical skills

Why join our team:

We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex / gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

Pensions Actuarial Consultant - Nationwide employer: GB035 Mercer (UK) Limited

At Mercer, we pride ourselves on being an exceptional employer, offering Pensions Actuarial Consultants the chance to thrive in a vibrant and inclusive culture. With a strong focus on professional development, interesting work, and supportive leadership, our team members enjoy a wealth of career opportunities and benefits that enhance their well-being. Join us to collaborate with talented colleagues and make a meaningful impact for clients and communities across the UK.
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Contact Detail:

GB035 Mercer (UK) Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pensions Actuarial Consultant - Nationwide

Tip Number 1

Network like a pro! Reach out to your connections in the pensions and actuarial field. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!

Tip Number 2

Prepare for interviews by practising common questions related to pensions and actuarial consulting. Think about how you can showcase your technical skills and experience with DB pension schemes. We recommend doing mock interviews with friends or mentors to boost your confidence.

Tip Number 3

Showcase your communication skills! During interviews, make sure to explain complex actuarial concepts in a way that’s easy to understand. This will demonstrate your ability to tailor advice to clients, which is key for a Pensions Actuarial Consultant.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, get your application in and let’s get you on board!

We think you need these skills to ace Pensions Actuarial Consultant - Nationwide

Actuarial Skills
Client Management
Communication Skills
Analytical Skills
Numerical Skills
Critical Thinking
Project Management
Technical Review
Understanding of UK Pension Schemes
Business Acumen
Adaptability
Mentoring Skills
Presentation Skills
Fee Negotiation

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with DB pension schemes and your actuarial skills. We want to see how your background aligns with what we do, so don’t hold back on showcasing your relevant expertise!

Show Off Your Communication Skills: Since you'll be leading client meetings and providing tailored advice, it's crucial to demonstrate your excellent communication skills in your application. Use clear and concise language to convey your points, just like you would in a client presentation.

Highlight Your Teamwork Experience: We value collaboration, so make sure to mention any experience you have working in teams, especially in an actuarial consultancy role. Share examples of how you've contributed to team success and supported junior colleagues, as this will resonate well with us.

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. Plus, it shows you're keen to join our team!

How to prepare for a job interview at GB035 Mercer (UK) Limited

Know Your Actuarial Stuff

Make sure you brush up on your technical actuarial skills, especially those related to DB pension schemes. Be ready to discuss specific scenarios and how you would approach them, as this will show your depth of knowledge and ability to tailor advice to client needs.

Practice Clear Communication

Since excellent communication is key for this role, practice explaining complex actuarial concepts in simple terms. You might even want to do a mock presentation to a friend or family member to get feedback on your clarity and conciseness.

Show Your Client-Centric Approach

Prepare examples of how you've successfully led client meetings or tailored advice based on specific client circumstances. Highlight your adaptability and business acumen, as these traits are crucial for building strong client relationships.

Demonstrate Leadership Skills

If you have experience supervising or mentoring others, be sure to share that during the interview. Discuss how you’ve managed projects and distributed work among junior colleagues, as this will showcase your leadership potential and ability to manage teams effectively.

Pensions Actuarial Consultant - Nationwide
GB035 Mercer (UK) Limited
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