Pensions Actuarial Consultant

Pensions Actuarial Consultant (Winchester)

Location - Winchester 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, health, and analytics. We use powerful analytics fused with human expertise to shape a more positive future.

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.

Our pensions actuarial department is very well known and very highly respected within 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.

• 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 IAS
  19 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

• You must be about to become a qualified FIA / FFA or have post qualification experience
• Excellent communication skills, both written and oral
• Be fully conversant with all technical aspects of UK pensions work
• Supervisory experience of more junior actuarial staff
• Ability work to tight deadlines
• Commitment to delivering high quality work to clients and developing your career at LCP
• Ability demonstrate commercial awareness and be pro‑active with clients

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.

• 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

• Life assurance
• Income protection
• Enhanced…