Pensions Actuarial Consultant (Winchester)
Location – Winchester 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.
We have an exciting opportunity for a technically strong and experienced nearly/newly qualified Consultant to join our team. This is an excellent opportunity for an ambitious career minded individual wanting a challenging and rewarding career.
The team
Our pensions actuarial department is very well known and very highly respected within our industry. We advise a large range of clients, both Trustee and Corporate, and count a significant share of the FTSE companies receiving advice from across our business.
If you desire to be part of a client and people focussed organisation where opportunities to work with senior, well known industry professional are the rule, not the exception and where you will be supported to develop your skills to make you the best you can be then we would love to hear from you.
As a consultant joining the pensions actuarial department what can you expect?
Working with a variety of clients, some trustee and some corporate, for a range of scheme types and sizes
Attending client meetings with the client partner
Presenting technical issues at a client meeting from time to time
Acting as a key point of contact for clients on a day-to-day basis, by phone and e-mail
Managing a small team of actuarial staff to produce client work on time and within budget
Providing training from time to time to more junior actuarial staff
Leading the core work on actuarial valuations for funding purposes, solvency testing and buy-in analysis
Drafting pieces of advice, either from scratch or using template documents or precedents, to a standard where they are ready to be sent out
Reviewing draft trust deeds and rules and member booklets
Reviewing individual member calculations including transfers-in, transfers-out, early retirements, benefit augmentations, maximum authorised cash lump sums and taxation limits
Producing sets of factors for transfers-in, transfers-out, early retirement, commutation etc and specifying benefit calculations for pensions administrators
Drafting announcements to members and advising on member communications
Calculations for disclosure in company accounts (under IAS19 and/or US GAAP)
Estimating Pension Protection Fund levies and calculating Actuarial Certificates of Deficit Reduction Contributions
Preparing cash flows for use in asset-liability models
Monitoring pension scheme funding levels on an ongoing basis – this might be used as part of a dynamic investment strategy
Taking a pro-active role in keeping clients up-to-date on technical developments and anticipating their needs, and keeping the client partner informed of progress
Liaising with other client advisers, both internal and external, to ensure efficient provision of advice
Helping respond to invitations to tender for new business and potentially being involved in business pitches
What essential skills and personal qualities do I need to apply for this role?
You must be about to become a qualified FIA / FFA or have post qualification experience
Excellent communication skills, both written and oral
Be fully conversant with all technical aspects of UK pensions work
Supervisory experience of more junior actuarial staff
Ability work to tight deadlines
Commitment to delivering high quality work to clients and developing your career at LCP
Ability demonstrate commercial awareness and be pro-active with clients
What’s in it for you?
Take a look at our 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:
For you:
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
For your family:
Life assurance
Income protection
Enhanced maternity/paternity/adoption and shared parental leave
For your health:
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
For your wealth:
Competitive pension scheme
Discretionary bonus scheme
High street discounts
Season ticket loans
For others:
Volunteering opportunities
For the environment:
Electric vehicle salary sacrifice scheme (qualifying period applies)
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