Pensions Actuarial Consultant (London)

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.
• Taking ownership of workstreams with support from senior members of the team.
• Undertaking a central role in broking insurance transactions, liaising and negotiating with insurers, attending meetings and managing projects.
• Opportunities to join our other specialist teams, for example covering longevity, GMP equalisation and Collective Defined Contribution schemes.
• Attending client meetings to help develop consulting skills.
• Opportunities to attend and present at client meetings along with a more senior member of the team.
• Attending industry networking events, with LCP playing a key role in organising events targeted at consultant level.

What skills and experience are we looking for?

• A qualified (or very close to qualification) 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.
• Good commercial awareness with the ability to consider agreed budgets when carrying out work.
• No prior experience of Pensions Risk Transfer work is needed as training will be provided.

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.
• Good communication skills – able to explain the approach taken and results to more senior team members, and be willing to challenge.
• Excellent organisational skills.
• Team player 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?

As well as joining a multi-award winning, fun, collaborative, people-first organisation where your personal and professional skills will be developed, we offer an attractive benefits package designed to promote your overall wellbeing:

• Hybrid working.
• 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 & sell holiday.
• Private medical insurance.
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits.
• Eye care vouchers.
• Cycle to work scheme.
• Digital GP services.
• Competitive pension scheme.
• Discretionary bonus scheme.
• High street discounts.
• Season ticket loans.
• Volunteering opportunities.
• Electric vehicle salary sacrifice scheme (qualifying period applies).