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 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
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 currently holds a sponsorship licence to provide skilled worker visa's, and is able to support applications where the role applied for matches the requirements of skilled worker sponsorship as set out by the UK Government. If you will require a skilled worker visa sponsorship, we encourage you to check the sponsorship criteria for the role you wish to apply for before doing so.
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