Senior Actuarial Consultant - GMP Equalisation - Nationwide in London

Senior Actuarial Consultant - GMP Equalisation - Nationwide in London

London Full-Time 60000 - 80000 £ / year (est.) Home office (partial)
Mercer

At a Glance

  • Tasks: Join a dynamic team to tackle complex pension solutions and enhance your actuarial skills.
  • Company: Mercer, a leader in retirement solutions with a vibrant and inclusive culture.
  • Benefits: Professional development, flexible hybrid work, and a supportive environment.
  • Other info: Great career growth opportunities and a commitment to diversity and inclusion.
  • Why this job: Make a real impact while working on innovative projects in the pensions sector.
  • Qualifications: Qualified or part qualified actuary with experience in GMP calculations.

The predicted salary is between 60000 - 80000 £ per year.

Mercer is currently looking to grow our team by appointing talented and ambitious technical part – qualified / qualified actuaries in an exciting and revenue generating role.

This is an opportunity to join an established centre of excellence, specialising in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market.

We are looking for strong team players with proven experience of checking and reviewing technical actuarial calculations, excellent communication skills and business acumen.

Key Responsibilities

  • Work as part of a great multi-disciplinary team on complex defined benefit modelling using advanced actuarial skills and techniques, specialising in complex UK pension solutions.
  • Be responsible for checking and reviewing complex calculations, as well as communicating the results to consultants and wider support teams.
  • Contribute to continuous improvement by developing and delivering knowledge sharing, training and process improvement initiatives and coordinating new process rollouts across locations.
  • Work in partnership and develop relationships with internal teams to deliver a streamlined service to other lines of business within Mercer.
  • Be directly involved with the management of more junior colleagues within the GMP Equalisation team, including supporting performance reviews, training and personal development plans.
  • Develop skills to support various consulting aspects of GMP projects and have direct client contact.

Qualifications

  • Qualified or part qualified actuary.
  • Experience of technical calculations required for GMP Rectification and Equalisation projects.
  • A good understanding of how UK Defined Benefit pension schemes operate and experience in carrying out benefit calculations for Defined Benefit pension schemes.
  • Excellent analytical, numerical and critical thinking skills, including a good understanding of actuarial approaches for pensions.
  • What Makes You Stand Out
  • Experience working in a similar role within an Actuarial team, working in Pensions, with a focus on technical aspects and solid exposure to consultants and broader client support teams.
  • 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 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 at

Marsh 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 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.

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Senior Actuarial Consultant - GMP Equalisation - Nationwide in London employer: Mercer

Mercer is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for an Executive Compensation Consultant to thrive. With a strong emphasis on employee growth and development, Mercer offers numerous opportunities for professional advancement while working in the vibrant city of London. The hybrid work model not only promotes work-life balance but also allows employees to engage with a diverse range of clients, ensuring a rewarding and meaningful career.

Mercer

Contact Details:

Mercer Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Actuarial Consultant - GMP Equalisation - Nationwide in London

Dive Into Industry Networking Events

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We think you need these skills to ace Senior Actuarial Consultant - GMP Equalisation - Nationwide in London

Actuarial Skills
Technical Calculations
GMP Rectification
GMP Equalisation
Defined Benefit Pension Schemes
Analytical Skills
Numerical Skills

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Mercer.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Mercer. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Mercer

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Mercer to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Mercer, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Mercer's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.