Senior Pensions Actuarial Consultant

Senior Pensions Actuarial Consultant

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead client meetings and provide tailored advice on DB pension schemes.
  • Company: Mercer, part of Marsh McLennan, is a global leader in investment and retirement solutions.
  • Benefits: Enjoy professional development, flexible hybrid work, and a vibrant, inclusive culture.
  • Why this job: Make an impact with talented colleagues while developing your skills in a supportive environment.
  • Qualifications: Fully qualified Actuary or nearing qualification with strong analytical and communication skills.
  • Other info: Join a diverse team committed to equal opportunities and reasonable adjustments for candidates with disabilities.

The predicted salary is between 43200 - 72000 £ per year.

We are looking for a Senior Pensions Actuarial Consultant to join our team and help provide high quality support and advice to our clients to make sure their scheme members receive their benefits as planned.

As a Pensions Actuarial Consultant, you will be working in a team to develop and deliver customised advice and solutions to clients (trustee and corporates) with a primary focus on DB pension schemes. You will also have the opportunity to work with colleagues across funding, investment, risk transfer and covenant to bring the best solutions to our clients.

We will count on you to:

  • Lead client meetings and presentations
  • Provide an informed view on current topics based on client circumstances, and tailoring advice as appropriate
  • Utilise strong technical actuarial skills used to consult with clients on technical topics
  • Communicate with clients in a clear and succinct manner
  • Act as final technical reviewer for actuarial calculations
  • Agree the strategy, direction and resourcing for client work
  • Perform supervision, appraisals and act as a mentor for employees under supervision (if applicable) or informally via feedback on client work
  • Participate in setting and negotiating fees, where appropriate and monitoring of fee budgets

What you need to have:

  • Fully qualified Actuary/ nearing qualification
  • Excellent communication skills, strong analytical, numerical and critical thinking skills, including a good understanding of actuarial approaches for pensions
  • Ability to manage projects, including distribution of work to junior colleagues
  • A good understanding of a range of ways in which UK pension schemes operate

What makes you stand out:

  • Significant experience working with trustees and/or corporates on DB pensions within an actuarial consultancy role
  • Excellent communication skills
  • Demonstrated business acumen, adaptability and a desire to be in front of clients, all underpinned by the required technical skills

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 McLennan 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.

Marsh McLennan 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 McLennan 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.

Senior Pensions Actuarial Consultant employer: Pinnacle Enterprise Risk Consulting Services, LLC

At Mercer, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture that fosters professional growth and collaboration. With offices in major UK cities like London, Manchester, and Edinburgh, we provide our Senior Pensions Actuarial Consultants with diverse career opportunities, competitive benefits, and the chance to work alongside talented colleagues on impactful projects. Our commitment to hybrid working ensures flexibility while maintaining strong connections within our teams, making Mercer a rewarding place to advance your career in pensions consultancy.
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Contact Detail:

Pinnacle Enterprise Risk Consulting Services, LLC Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Pensions Actuarial Consultant

✨Tip Number 1

Network with professionals in the pensions actuarial field. Attend industry events, webinars, or local meetups to connect with potential colleagues and clients. Building relationships can often lead to job opportunities that aren't advertised.

✨Tip Number 2

Stay updated on current trends and regulations in the pensions sector. Being knowledgeable about recent changes can help you engage in meaningful conversations during interviews and demonstrate your expertise to potential employers.

✨Tip Number 3

Prepare for client-facing scenarios by practising your communication skills. Role-play common client interactions with a friend or mentor to enhance your ability to convey complex actuarial concepts clearly and succinctly.

✨Tip Number 4

Research Mercer and its approach to pensions consultancy. Understanding their values, culture, and specific services will allow you to tailor your discussions and show how your experience aligns with their needs during the interview process.

We think you need these skills to ace Senior Pensions Actuarial Consultant

Fully qualified Actuary or nearing qualification
Excellent communication skills
Strong analytical skills
Numerical skills
Critical thinking skills
Understanding of actuarial approaches for pensions
Project management skills
Ability to mentor and supervise junior colleagues
Knowledge of UK pension schemes operations
Client relationship management
Technical actuarial skills
Business acumen
Adaptability
Presentation skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your qualifications as an actuary and your experience with DB pension schemes. Use specific examples that demonstrate your analytical skills and project management abilities.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities of leading client meetings and providing tailored advice.

Showcase Communication Skills: Since excellent communication is key for this role, include examples in your application that illustrate your ability to convey complex actuarial concepts clearly to clients.

Highlight Leadership Experience: If you have experience mentoring or supervising junior colleagues, be sure to mention this in your application. It shows your capability to lead and develop others, which is important for this position.

How to prepare for a job interview at Pinnacle Enterprise Risk Consulting Services, LLC

✨Showcase Your Technical Skills

As a Senior Pensions Actuarial Consultant, your technical actuarial skills are crucial. Be prepared to discuss specific examples of how you've applied these skills in previous roles, particularly in relation to DB pension schemes.

✨Communicate Clearly and Succinctly

Excellent communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you will need to convey information effectively to clients who may not have a technical background.

✨Demonstrate Leadership Abilities

You'll be expected to lead client meetings and mentor junior colleagues. Prepare to share experiences where you've successfully led projects or teams, highlighting your ability to manage and distribute work effectively.

✨Understand the Business Context

Show that you have a good understanding of how UK pension schemes operate and the current market trends. This will help you tailor your advice to meet client needs and demonstrate your business acumen during the interview.

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