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Pensions Actuarial 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 combine powerful analytics with human expertise to help shape a more positive future.

We have an exciting opportunity to join LCP as a Consultant in our Pensions Actuarial Department, supporting our continued growth in the DB pensions market.We arepreferablylooking for candidates todivide their time betweenpensionsactuarial andpensionsrisk transfer(PRT)work, butweare flexible on the splitbetween the twodepending on your strengths and interests.

The team

Ourpensions actuarialdepartment in Londonconsistsof over150people, fromanalysts to Partners.The team advises trustees and sponsors on a wide range of DB pensions issues, from core work such as actuarial valuations and member options advice to strategic advice and project work.

Our specialist Pensions Risk Transfer team sits within our pensions actuarial departmentand has the deepest experience of any team in the market.The team are highly respected within the industry having led the market since its inception.The majority of people within the Pensions Risk Transfer team divide their time acrossa number of aspects ofpensions advice.

Everyone in the department has their own unique clientmix, meaning that everyone works withlots of different people toadvise a range of different clients.This means that the client workis varied and interesting, and there are always new opportunities to learn from others in the team.

What will you be doing?

As a Consultant you will be

• Working on a variety of schemes, each with their own priorities, our clients range from small schemes with only a handful of members, tolarge schemes of over 1bn
• Coordinating actuarial calculations with less experienced team members on yourclients andreviewing these calculationsalong withthe associated advice.At consultant level, you areexpected to take ownership of workstreamswith support from senior members of the team
• Undertakinga central role within the Pensions Risk Transfer team, in broking insurance transactions, liaising and negotiation with insurers, attending meetings and managing projects from start to end
• Exploring within our departmentopportunities to joinother specialist teams, for example coveringlongevity, GMP equalisation,Collective Defined Contribution schemes and post transaction work

Everyone at all levels is encouraged to attend client meetings to help developtheirconsulting skills.Your client list will be designed such thatyou have opportunities to attend and present at client meetings along with a more experienced members of the team.You will alsohave the opportunity to attend industrynetworking events, with LCP playing a key role organising events targeted atconsultant level.

What skills and experience are we looking for?

• An actuary(preferably qualified)with at least4years’ experienceworkingin theUKpensions actuarial consulting environment

• StrongUKpensions technical knowledge – able to reviewcore technicalwork such asactuarial valuation andmember options calculations and pensions accounting

• Awareness of current issuesand 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, explainingthe wider context

• Good commercial awarenesswith the ability toconsider agreed budgetswhen carrying out work

You do not need any prior experience of Pensions Risk Transfer work as we are happy to provide trainingas required.We simply askthat candidates are keen to learn and get involved.

What qualities and behaviours should you bring?

• Technically strong and able topropose your own ideas onhow to approach complex calculations

• Good communication skills – able to explain the approach taken and results to more senior teammembers, andbewilling to challenge

• 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 toassist less experienced team members, fostering a supportive working environment

What’s in it for you?

LCP’s pensions actuarial department is growing as we expand our client base and continue to take on new projects for our existing clients.Our goal is to be the leading long-term partner for DB advice and deliver better outcomes for members, trustees,sponsors and society.With this comes opportunities to work onwide-ranging clients and projects and progress within the business.

Also, take a look at our andCareer 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:

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)

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.

Recruitment agencies

LCP operates a Preferred Supplier List (PSL) for recruitment agencies which is reviewed annually. We do not accept unsolicited CVs from agencies who are not part of our current PSL. LCP only pay agency fees where we have a signed agreement in place, and the agency has been instructed by a member of our recruitment team to supply CVs via the Applicant Tracking System (ATS) for a legitimate, open vacancy. If this process is not adhered to, LCP reserve the right to contact these candidates directly and have discussions with them without paying any agency fees. We do not pay agency fees when speculative and unsolicited CVs are submitted to any employee or Partner at LCP.

Specialism

Pensions Actuarial and Pension Risk Transfer

Location

London

Job ID

315400