As an award-winning actuarial and analytics consultancy, we specialise in providing expert advice in areas such as pensions, investments, employee benefits, insurance, health, and energy.

We have an exciting opportunity for a technically strong and experienced nearly/newly qualified Consultant to join our team. This is an excellent opportunity for an ambitious career minded individual wanting a challenging and rewarding career.

The team

Our pensions actuarial department holds a distinguished reputation in our industry. We advise a large range of clients, both Trustee and Corporate, and count a significant share of the FTSE 100 companies receiving advice from across our business.

If you would like to be part of a client and people focussed organisation where opportunities to work with senior, well known industry professionals are the norm and where you will be supported to develop your skills to make you the best you can be, we would love to hear from you.

As a consultant in our pensions actuarial department, here’s what you can expect:

  • To work with a variety of clients, some trustee and some corporate, for a range of scheme types and sizes
  • Attend client meetings with the client partner
  • Present technical issues at a client meeting from time to time
  • Act as a key point of contact for clients on a day-to-day basis, by phone and e-mail
  • Manage a small team of actuarial staff to produce client work on time and within budget
  • Provide training from time to time to more junior actuarial staff
  • Lead the core work on actuarial valuations for funding purposes, solvency testing and buy-in analysis
  • Draft pieces of advice, either from scratch or using template documents or precedents, to a standard where they are ready to be sent out
  • Review draft trust deeds and rules and member booklets
  • Review individual member calculations including transfers-in, transfers-out, early retirements, benefit augmentations, maximum authorised cash lump sums and taxation limits
  • Produce sets of factors for transfers-in, transfers-out, early retirement, commutation etc and specifying benefit calculations for pensions administrators
  • Draft announcements to members and advising on member communications
  • Perform calculations for disclosure in company accounts (under IAS19 and/or US GAAP)
  • Estimate Pension Protection Fund levies and calculating Actuarial Certificates of Deficit Reduction Contributions
  • Prepare cash flows for use in asset-liability models
  • Monitor pension scheme funding levels on an ongoing basis – this might be used as part of a dynamic investment strategy
  • Take a pro-active role in keeping clients up-to-date on technical developments and anticipating their needs, and keeping the client partner informed of progress
  • Liaise with other client advisers, both internal and external, to ensure efficient provision of advice
  • Help respond to invitations to tender for new business and potentially being involved in business pitches

What essential skills and personal qualities do I need to apply for this role?

  • You must be about to become a qualified FIA / FFA or have up to 4 years post qualification experience
  • Have excellent communication skills, both written and oral
  • Be fully conversant with all technical aspects of UK pensions work
  • Have supervisory experience of more junior actuarial staff
  • Be capable of working to tight deadlines
  • Be committed to delivering high quality work to clients and developing your career at LCP
  • Fully demonstrate commercial awareness and be pro-active with clients

What’s in it for you?

Take a look at our Glassdoor page 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
  • 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 to discuss how we can support you with your application.

Visit Website for More Information and to Apply
  • Job Type: Experienced Job
  • Area of Specialism: Consultancy, Pensions
  • Experience Level: Newly Qualified
  • Job Reference: 240124
  • Location: London (hybrid working)
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Salary: Competitive
  • Date Posted: 08 Jul 2024
Visit Website for More Information and to Apply
Back to Top

Get the latest jobs