Pensions Actuarial Associate Consultant (London)

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 and health. We use powerful analytics fused with human expertise to shape a more positive future. We have an exciting opportunity to join the team as an Associate Consultant.

Our Pensions Actuarial department in London consists of over 150 people, the team advises 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. Everyone in the department has their own unique client mix, giving the opportunity for varied and interesting client work, and 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. Your day-to-day role will involve:

• Conducting actuarial valuations for clients for a variety of purposes including funding, solvency, Section 179 and buy-in feasibility studies
• Attending client meetings and presenting more routine pieces of analysis
• Delegating tasks to analysts and ensuring work is ready for review
• Calculating and checking individual member calculations such as transfer values
• Liaising with administrator teams, both external and at LCP
• Producing member option factors, such as early and late retirement factors or commutation factors for administrators
• Calculating disclosures for accounting purposes under IAS19 and/or US GAAP
• Carrying out and checking calculations for data and benefit rectification projects, including GMP equalisation

There are also opportunities to join our specialist teams, for example covering Pension Risk Transfer, longevity, GMP equalisation and Collective Defined Contribution schemes. Everyone at all levels is encouraged to attend client meetings to help develop their consulting skills. You will also have the opportunity to attend industry networking events, with LCP playing a key role organising events targeted at associate consultant level.

What skills and experience are we looking for?

• A part-qualified FIA
• Experience working in the UK pensions actuarial consulting environment
• 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 analysts in the team, explaining the wider context

What qualities and behaviours should you bring?

• Good grounding in actuarial techniques, attention to detail and technical knowledge
• Good communication skills – able to explain the approach taken and results to the wider team
• Ability to prioritise workloads with conflicting importance and flexibility to adapt to different client needs
• Team player with the ability to build strong relationships both within and outside LCP
• Approachable and happy to assist 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 certified B-Corp, 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

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
• Cycle to work scheme
• Digital GP services

For your wealth:

• Discretionary bonus scheme
• Season ticket loans

For others:

• Volunteering opportunities

For the environment:

• Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more! We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation. LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - to discuss how we can support you with your application.