Pensions Actuarial Consultant

Pensions Actuarial Consultant

Manchester Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead client meetings and provide tailored advice on pension schemes.
  • Company: Join Mercer, a global leader in investment and retirement solutions.
  • Benefits: Enjoy professional development, flexible hybrid work, and a vibrant culture.
  • Why this job: Make an impact while working with talented colleagues in a supportive environment.
  • Qualifications: Fully qualified Actuary or nearing qualification with strong analytical skills.
  • Other info: Embrace diversity and inclusion in a dynamic workplace.

The predicted salary is between 43200 - 72000 £ 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 employer: International Catalyst Services, LLC

At Mercer, we pride ourselves on being an exceptional employer, offering Pensions Actuarial Consultants a vibrant and inclusive work culture that fosters professional growth and collaboration. With a commitment to employee development, flexible hybrid working arrangements, and a diverse environment, we empower our team to deliver tailored solutions for clients while enjoying a rewarding career path in the dynamic field of pensions.
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Contact Detail:

International Catalyst Services, LLC Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pensions Actuarial Consultant

Tip Number 1

Network with professionals in the pensions actuarial field. Attend industry events, webinars, or local meetups to connect with potential colleagues and clients. Building relationships can lead to valuable insights and job opportunities.

Tip Number 2

Stay updated on current trends and regulations in the pensions sector. Being knowledgeable about recent changes will not only help you in interviews but also demonstrate your commitment to the field and ability to provide informed advice.

Tip Number 3

Practice your communication skills by engaging in mock client meetings or presentations. This will help you articulate complex actuarial concepts clearly and succinctly, which is crucial for the role of a Pensions Actuarial Consultant.

Tip Number 4

Familiarise yourself with the specific needs and challenges faced by DB pension schemes. Tailoring your approach to address these issues during discussions will showcase your expertise and make you a more attractive candidate.

We think you need these skills to ace Pensions Actuarial Consultant

Actuarial Expertise
Client Relationship Management
Technical Actuarial Skills
Analytical Skills
Numerical Proficiency
Critical Thinking
Project Management
Communication Skills
Mentoring and Supervision
Understanding of UK Pension Schemes
Business Acumen
Adaptability
Presentation Skills
Fee Negotiation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your qualifications as an actuary and your experience with DB pension schemes. Use specific examples that demonstrate your analytical skills and ability to communicate complex topics clearly.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities of a Pensions Actuarial Consultant and provide examples of your previous client interactions and project management experience.

Highlight Relevant Experience: When detailing your work history, focus on roles where you provided actuarial advice or worked with pension schemes. Emphasise any leadership roles or mentoring experiences, as these are key aspects of the job.

Prepare for Technical Questions: Be ready to discuss your technical skills in actuarial calculations and your understanding of UK pension schemes during the interview process. Consider preparing examples of how you've applied these skills in past roles.

How to prepare for a job interview at International Catalyst Services, LLC

Showcase Your Technical Skills

As a Pensions Actuarial Consultant, your technical actuarial skills are crucial. Be prepared to discuss specific actuarial approaches you've used in past roles, especially related to DB pension schemes. Highlight any relevant projects where you successfully applied these skills.

Communicate Clearly and Confidently

Excellent communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you'll need to tailor your advice to clients with varying levels of understanding. Consider preparing examples of how you've effectively communicated with clients in the past.

Demonstrate Your Project Management Abilities

You'll be managing projects and distributing work among junior colleagues. Prepare to discuss your experience in project management, including how you've handled deadlines, resource allocation, and team dynamics. Share specific examples that showcase your leadership skills.

Understand the Business Context

Having a strong grasp of the business environment in which pension schemes operate will set you apart. Research current trends and challenges in the pensions sector, and be ready to discuss how these might impact your clients. This shows your adaptability and business acumen.

Pensions Actuarial Consultant
International Catalyst Services, LLC
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