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.
The team
O ur pensions actuarial department in London consists of over 150 people , from analysts to Partner s . 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 department and 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 across a number of aspects of pensions advice.
Everyone in the department has their own unique client mix, meaning that everyone works with lots of different people to advis e 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 .
What will you be doing?
- Working on a variety of schemes, each with their own priorities, o ur clients range from small schemes with only a handful of members, to large schemes of over £1 bn
- Coordinating actuarial calculations with less experienced team members on your clients and reviewing these calculations along with the associated advice . At consultant level, you are expected to take ownership of workstreams with support from senior members of the team
- Undertaking a 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 department opportunities to join other specialist teams, for example covering longevity , GMP equalisation , Collective Defined Contribution schemes and post transaction work
Everyone at all levels is encouraged to attend client meetings to help develop their consulting skills . Your client list will be designed such that you have opportunities to attend and present at client meetings along with a more experienced members of the team. You will also have the opportunity to attend industry networking event s, with LCP play ing a key role organising events targeted at consultant level.
What skills and experience are we looking for?
A n actuary (preferably qualified) with at least 4 years ’ experience working in the UK pensions actuarial c onsulting environment
St rong UK pensions technical knowledge – able to review core technical work such as actuarial valuation and member options calculations and pensions accounting
Awareness of current issues and key hot topics in the UK pensions industry
Ability to draft clear communications and presentations
Ab ility to delegate tasks to less experienced members in the tea m, explaining the wider context
Good commercial awareness with the ability to consider agreed budgets when carrying out work
You do not need any prior experience of Pensions Risk Transfer work as we are happy to provide training as required . We simply ask that candidates are keen to learn and get involved .
What qualities and behaviours should you bring?
Technically strong and able to propose your own ideas on how to approach complex calculations
Good communica tion skills – able to explain the approach taken and results to more senior team member s , and be willing to challenge
Ab ility 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 h appy to a ssist 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 on wide-ranging clients and projects and progress within the business.
Also, 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:
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
- 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.
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