Pension Actuarial Consultant

  • Location:

    London, England

  • Sector:

    Financial Services

  • Job type:

    Full Time

  • Salary:

    Negotiable

  • Contact:

    Paul Covey

  • Contact email:

    paul.covey@search.co.uk

  • Job ref:

    Req/519672

  • Published:

    2 months ago

  • Expiry date:

    2019-05-10

  • Startdate:

    05/04/2019 12:47:41

I am working with a mid sized partner led company that are looking for a Pension Actuarial Consultant to their team in either their London or Winchester office.

This is an excellent opportunity for an ambitious career minded individual wanting a challenging and rewarding career.

As a consultant joining the pensions actuarial department what can you expect?
* Working with a variety of clients, some trustee and some corporate, for a range of scheme types and sizes
* Attending client meetings with the client partner
* Presenting technical issues at a client meeting from time to time
* Acting as a key point of contact for clients on a day-to-day basis, by phone and e-mail
* Managing a small team of actuarial staff to produce client work on time and within budget
* Providing training from time to time to more junior actuarial staff
* Leading the core work on actuarial valuations for funding purposes, solvency testing and buy-in analysis
* Drafting pieces of advice, either from scratch or using template documents or precedents, to a standard where they are ready to be sent out
* Reviewing draft trust deeds and rules and member booklets
* Reviewing individual member calculations including transfers-in, transfers-out, early retirements, benefit augmentations, maximum authorised cash lump sums and taxation limits
* Producing sets of factors for transfers-in, transfers-out, early retirement, commutation etc and specifying benefit calculations for pensions administrators
* Drafting announcements to members and advising on member communications
* Calculations for disclosure in company accounts (under IAS19, FRS17 and/or US GAAP)
* Estimating Pension Protection Fund levies and calculating Actuarial Certificates of Deficit Reduction Contributions
* Preparing cash flows for use in asset-liability models
* Monitoring pension scheme funding levels on an ongoing basis - this might be used as part of a dynamic investment strategy
* Taking 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
* Liaising with other client advisers, both internal and external, to ensure efficient provision of advice
* Helping 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 qualified FIA / FFA
* 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 his/her career at LCP
* Fully demonstrate commercial awareness. Be pro-active with clients.

For your hard work you will be rewarded with a salary of up to £65000 and a fantastic benefits package.

Search is an equal opportunities recruiter and we welcome applications from all suitably skilled or qualified applicants, regardless of their race, sex, disability, religion/beliefs, sexual orientation or age.