Associate Actuarial Consultant - Risk Transfer

Location: Birmingham, Edinburgh, Glasgow, London

This is a permanent, full-time vacancy that will close in 6 days at 23:59 BST.

The Vacancy

Experience is required for this vacancy

We currently have an exciting opportunity as an Associate Risk Transfer Consultant within our Actuarial Private team, available on a full-time or part-time basis in our Birmingham, Edinburgh, Glasgow, or London office.

We are open to considering candidates on either a part-time or full-time basis.

What will your role look like?

We have an excellent opportunity for a nearly or recently qualified Actuary to join our risk transfer consulting team, providing high-quality advice to clients on the journey to buy-in, broking the market, and winding up a scheme.

This role is suited to a committed individual looking to develop their career, with a primary focus on UK defined benefit pension schemes working with Trustee Boards and Sponsoring Employers. You will gain exposure to a varied range of work that will allow you to grow and develop your career in areas matching your skills.

Key tasks include:

• Managing multiple projects, coordinating relevant teams and client stakeholders, ensuring work is completed on time, within budget, and to high standards. When multiple services (actuarial, admin, investment) are involved, ensure standards are met across all practices.
• Handling a diverse portfolio of work, developing client exposure and essential business skills.
• Preparing client communications, presentations, reports, and attending client meetings.
• Developing project plans and inputting into budget setting.
• Building good working relationships with clients and third parties.
• Checking actuarial calculations, such as reconciliation of cashflows and insurer quotations.
• Supporting proposition development and new business opportunities.
• Mentoring less experienced team members and reviewing their work.
• Ensuring timely invoicing and adherence to internal procedures.
• Carrying out thorough scoping of work at the outset.
• Communicating relevant information to the wider team.
• Maintaining rigorous, accurate, and methodical work standards.
• Keeping comprehensive audit trails.
• Planning work to meet deadlines.
• Tracking work status according to procedures.
• Presenting work clearly to clients and colleagues.
• Liaising with client managers on conflicting demands.
• Collaborating with colleagues on technical or client issues.
• Recording time accurately against client and project codes.
• Adhering to Information Security policies.

Qualifications and skills required:

• Excellent interpersonal and client management skills.
• Strong project management and organizational abilities.
• Effective communication and consulting skills.
• Ability to manage multiple demands.
• Coordination and delegation skills within teams.
• Motivated to develop an actuarial career in a client-focused environment.
• Proactive in developing consultancy and management skills.
• Membership of the Institute and Faculty of Actuaries (Associate or Fellow) or equivalent, with relevant risk transfer and bulk annuity broking experience preferred but not essential.
• Relevant pensions experience and understanding of UK pension scheme legislation, bulk annuity transactions, and buy-out processes.
• Solid grounding in actuarial and computer techniques.

We welcome applications from candidates who may not meet all listed attributes but are competent with the majority and can develop additional skills with our support.

Benefits include:

• Competitive salary and profit share scheme.
• Flexible employee benefits package.
• Supportive, collaborative work environment.
• On-site mental health and wellbeing assistance.
• Personal and professional development opportunities, including mentoring and access to our learning portal, Aspire.
• Regular social activities, three days paid volunteering leave annually, and a day off for your birthday.
• Hybrid working model with an expectation of two in-office days per week.
• Flexible working hours between 7am and 7pm.

Please note, we recruit on a rolling basis, so early applications are encouraged to avoid disappointment.

About Us

With over 100 years of experience, we build better futures for our people, clients, communities, and the environment.

We thrive on solving complex problems through diverse teams and independent thinking.

Our services include pensions, investments, benefits, risk consulting, data, and technology solutions, supported by over 1,000 employees.

We are committed to diversity and inclusion, welcoming applicants from all backgrounds.

Our hybrid work model combines home and office working for flexibility.

Find out more about our careers here.

If you need assistance due to a personal requirement, medical condition, or neurological difference during our selection process, please let us know.

Together, we can make this the best job you'll ever have.