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- Tasks: Lead actuarial projects and collaborate with junior teams on diverse client schemes.
- Company: Join LCP, an award-winning consultancy known for its inclusive culture and innovative approach.
- Benefits: Enjoy hybrid working, professional development support, and a comprehensive wellbeing package.
- Why this job: Make a real impact in the pensions industry while growing your career in a supportive environment.
- Qualifications: Qualified pensions actuary with strong UK pensions knowledge and excellent communication skills.
- Other info: Opportunities for networking and learning across various specialist teams.
The predicted salary is between 36000 - 60000 £ per year.
Location - London with hybrid working as per departmental requirements (currently a MINIMUM of 40% (2 days per week).
LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, health, and analytics. We use powerful analytics fused with human expertise to shape a more positive future.
What’s the role? LCP’s pensions actuarial department is growing as we expand our client base and continue to take on new projects for our existing clients. Our goal is to be the leading long-term partner for DB advice and deliver better outcomes for members, trustees, sponsors and society. With this comes opportunities to work on wide-ranging clients and projects and progress within the business. Ideally you will divide your time between pensions actuarial and pensions risk transfer (PRT) work, but we are flexible on the split between the two depending on your strengths and interests.
Who are the team? Our pensions actuarial department in London consists of over 150 people, from analysts to Partners. We advise trustees and sponsors on a wide range of DB pensions issues - from core work on actuarial valuations and member options advice, to strategic advice and project work. LCP’s highly respected, market leading specialist Pensions Risk Transfer team sits alongside the wider pensions actuarial department. The majority of people within the Pensions Risk Transfer team divide their time across a number of aspects of pensions advice. Everyone in the department has their own unique client mix, meaning that everyone works with lots of different people to advise a range of different clients. This means that the client work is varied and interesting, and there are always new opportunities to learn from others in the team.
What will you be doing? Our clients range from small schemes with only a handful of members, to large schemes of over £1bn. You’ll be working on a variety of schemes, each with their own priorities. This will also include:
- Coordinating actuarial calculations with the junior teams on your clients and reviewing these calculations along with the associated advice.
- Within the Pensions Risk Transfer team, you would be undertaking a central role in broking insurance transactions, liaising and negotiation with insurers, attending meetings and managing projects.
- Within our department there are also opportunities to join our other specialist teams, for example covering longevity, GMP equalisation and Collective Defined Contribution schemes.
- You will also have the opportunity to attend industry networking events.
What skills and experience are we looking for?
- A qualified pensions actuary with demonstrable experience working in the UK pensions actuarial consulting environment.
- Excellent UK pensions technical knowledge, with the ability to review core technical work such as actuarial valuation and member options calculations and pensions accounting.
- Awareness of current issues and key hot topics in the UK pensions industry.
- Ability to draft clear communications and presentations.
- Ability to delegate tasks to less experienced members in the team, explaining the wider context.
- Commercial awareness with the ability to consider agreed budgets when carrying out work.
- You do not need any prior experience of Pensions Risk Transfer work as we are happy to provide training as required. We simply ask that you are keen to learn and get involved.
What qualities and behaviours should you bring?
- Excellent technical pensions knowledge, with the ability to propose your own ideas on how to approach complex calculations.
- Excellent communication skills.
- Excellent organisational skills.
- A team player mentality with the ability to build strong relationships both within and outside LCP.
- Approachable and happy to support less experienced team members, fostering a supportive working environment.
What’s in it for you? Take a look at our Glassdoor and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:
- Hybrid working (see top of the advert for details)
- Professional study support (where applicable)
- Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks
- Life assurance
- Income protection
- Enhanced maternity/paternity/adoption and shared parental leave
- 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy
Senior Pensions Actuarial Consultant employer: Lane Clark & Peacock LLP.
Contact Detail:
Lane Clark & Peacock LLP. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pensions Actuarial Consultant
✨Network Like a Pro
Get out there and connect with people in the pensions actuarial field! Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical knowledge and experience in pensions consulting. Share specific examples of your work and how you've tackled complex problems. This will help you stand out as a candidate who can hit the ground running.
✨Be Ready for the Interview
Prepare for interviews by researching LCP and understanding their approach to pensions actuarial consulting. Think about how your skills align with their needs and be ready to discuss current issues in the UK pensions industry. Confidence is key, so practice your responses!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at LCP. Let’s make this happen together!
We think you need these skills to ace Senior Pensions Actuarial Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pensions Actuarial Consultant role. Highlight your relevant experience and skills that match the job description, especially your technical pensions knowledge and communication skills.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pensions actuarial consulting and how your background makes you a great fit for LCP. Don’t forget to mention your eagerness to learn about Pensions Risk Transfer!
Showcase Your Team Spirit: We love team players at StudySmarter! In your application, share examples of how you've collaborated with others in previous roles. Highlight any experiences where you’ve supported less experienced colleagues or built strong relationships.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Lane Clark & Peacock LLP.
✨Know Your Pensions Inside Out
Make sure you brush up on your UK pensions technical knowledge. Be prepared to discuss actuarial valuations, member options calculations, and current hot topics in the pensions industry. This will show that you're not just qualified but also genuinely interested in the field.
✨Showcase Your Communication Skills
Since this role involves liaising with clients and team members, practice articulating complex ideas clearly. You might even want to prepare a few examples of how you've communicated technical information effectively in the past. This will demonstrate your ability to draft clear communications and presentations.
✨Demonstrate Team Spirit
LCP values a collaborative environment, so be ready to talk about your experiences working in teams. Share examples of how you've supported less experienced colleagues or contributed to a positive team dynamic. This will highlight your team player mentality and approachability.
✨Prepare for Practical Scenarios
Think about potential scenarios you might face in the role, such as coordinating actuarial calculations or broking insurance transactions. Prepare to discuss how you would handle these situations, showcasing your organisational skills and commercial awareness. This will help you stand out as someone who can think on their feet.