Pensions Actuarial Associate Consultant (London)

LCP is an award-winning actuarial and analytics consultancy providing advice on pensions, investments, employee benefits, insurance, health and energy. We help our clients make good decisions based on insightful analysis, industry expertise, and game-changing technology.

We have an exciting opportunity to join our pensions actuarial team to help support our continued growth in the DB pensions market.

What team will I be joining?

Our pensions actuarial department in London consists of over 150 people, from analysts to Partners.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, meaning that everyone works with lots of different people to advise a range of different clients.This means that the client work is varied and interesting, and there are always new opportunities to learn from others in the team.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.

What's the role and what will you be doing?

Your day-to-day role will involve carrying out or checking actuarial calculations with the rest of the teams on your clients along with drafting the associated advice. At Associate Consultant level, you will take ownership of delegating tasks to analysts and ensuring that work is ready for review by the senior members of the team, who will support you with this. Everyone is encouraged to attend client meetings to help develop your consulting skills and your list will enable you to have the opportunity to not only attend, but also present at these meetings alongside senior team members. You will also have the opportunity to attend industry networking events, with LCP playing a key role in organising events. Within our department there are opportunities to join our specialist teams, for example covering Pensions Risk Transfer, longevity, GMP and Collective Defined Contribution schemes.

Specifically you will be involved in;

• Conducting actuarial valuations for clients for a variety of purposes including funding, solvency, Section 179 and buy-in feasibility studies
• Calculating and checking individual member calculations such as transfer values
• 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

What skills and experience are we looking for?

• You'll be a part-qualified FIA with at least two years' experience, typically working in the UK pensions actuarial consulting environment
• An awareness of current issues and key hot topics in the UK pensions industry
• Ability to draft clear communications and presentations
• Good communication skills and the ability to explain the approach taken and results to more senior team members
• Ability to prioritise workloads with conflicting importance and flexibility to adapt to different client needs

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 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 (varies by role and department)
• 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 - accessibilityaware@lcp.uk.com to discuss how we can support you with your application.

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 currentPSL. 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