The Vacancy
We have an exciting opportunity for an Associate Actuarial Consultant to join our Business Unit. You’ll help pension scheme clients make better decisions, tackle complex actuarial problems, and deliver positive outcomes—either through traditional scheme actuary and risk transfer work, or by guiding schemes through their post‑transaction journey. We welcome applications from people who may not meet every single requirement but can demonstrate most of them and the ability to grow quickly with our support.
What will your role look like?
You’ll be a trusted adviser to trustees and sponsors, shaping end‑game strategies and guiding schemes through key transactions. Day to day, you’ll blend rigorous actuarial analysis with clear, practical client advice. You’ll collaborate across disciplines (administration, legal, investment) to keep complex projects on track, and you’ll contribute to client presentations, thought leadership and proposals that build enduring relationships.
Though this is a varied role, your key tasks will include:
1. Advising trustees and sponsors on end‑game strategies (buy‑in/buy‑out), journey planning and de‑risking options.
2. Participating in pricing analysis and market engagement with insurers; preparing robust deal materials and supporting broking.
3. Performing liability valuations, setting assumptions and undertaking sensitivity testing; validating and cleansing data to transaction‑ready standards.
4. Coordinating multidisciplinary project teams to deliver timely, well‑governed outcomes with crisp milestones, risk logs and proactive stakeholder management.
5. Contributing to client presentations, thought leadership and proposals; nurturing strong client relationships.
6. Advising on strategic and technical aspects related to wind‑ups (e.g., comparing scheme factors to insurer factors, conducting winding‑up lump sum exercises, informing funding reserves and producing surplus balance sheets).
7. Liaising with insurers, administrators and other stakeholders; ensuring trustee governance, documentation and communications are clear and compliant.
To enjoy and succeed in this role, you will have:
8. Progress towards (or completion of) IFoA exams (or equivalent), with solid pensions actuarial experience.
9. Strong analytical skills and a sound grounding in actuarial and computer techniques (Excel essential; experience with modelling/tools welcome).
10. Clear, confident communication—able to translate technical findings into practical client advice.
11. An organised, proactive approach, comfortable managing multiple projects and deadlines.
In addition to a competitive salary and access to our profit share scheme, we offer:
12. A flexible selection of employee benefits, so you can choose a package that best matches your lifestyle and needs.
13. A collaborative and encouraging work environment where your thinking and ideas are encouraged.
14. On site mental health and wellbeing assistance.
15. A commitment to helping you develop both personally and professionally, with mentoring opportunities and access to our award-winning learning portal, Aspire.
16. Regular social activities, in addition to three days paid volunteering leave each year and a day’s leave to celebrate your birthday.
17. Hybrid working so you can enjoy the positive wellbeing of working from home as well as the benefits of meeting colleagues in our sociable, modern office environments – with the expectation of two ‘in-office’ days per week.
18. A flexible working window, allowing colleagues the freedom to work flexibly between the hours of 7am and 7pm.
Please note, we recruit on a rolling basis so early applications are recommended to avoid disappointment.