Senior Pensions Actuarial Consultant
Location – London with hybrid working as per departmental requirements (currently a MINIMUM of 40% (2 days per week).
What’s the role?
LCP’s pensions actuarial department is growing as we expand our client base and continue to take on new projects for 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. Ideally you will divide your time between pensions actuarial work and pensions risk transfer (PRT) work, but we are flexible on the split between the two depending on your strengths and interests.
Who are the team?
The pensions actuarial department in London consists of over 150 people, from analysts to Partners. We advise 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. The Pensions Risk Transfer team sits alongside the wider department, with most members dividing their time across a range of aspects of pensions advice and client work.
What will you be doing?
- Coordinating actuarial calculations with less experienced teams on your clients and reviewing these calculations along with the associated advice.
- Undertaking a central role in broking insurance transactions, liaising and negotiating with insurers, attending meetings and managing projects within the Pensions Risk Transfer team.
- Opportunities to join other specialist teams such as longevity, GMP equalisation and Collective Defined Contribution schemes.
- Attending industry networking events.
What skills and experience are we looking for?
- A qualified pensions actuary with demonstrable experience in the UK pensions consulting environment.
- Excellent UK pensions technical knowledge, able to review core technical work such as actuarial valuation, 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.
- Ability to delegate tasks to less experienced members, explaining the wider context.
- Commercial awareness with the ability to consider agreed budgets when carrying out work.
What qualities and behaviours should you bring?
- Excellent technical pensions knowledge and the ability to propose innovative approaches to complex calculations.
- Excellent communication and organisational skills.
- Team‑player mentality with strong relationship‑building abilities both within and outside LCP.
- Approachable and supportive of less experienced team members, fostering a collaborative working environment.
What’s in it for you?
For you
- Hybrid working (see location details).
- Professional study support (where applicable).
- Access to 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; options to buy & sell holiday.
- Private medical insurance.
- Discounted gym memberships, critical illness and dental insurance through 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).
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. Please get in touch via our dedicated email address – lcp.recruitment@lcp.com – to discuss how we can support you with your application.
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