About the Role
LCP is seeking an Associate Consultant to join their Pensions Actuarial department in London. This role involves advising trustees and sponsors on a wide range of Defined Benefit (DB) pensions issues, from core actuarial valuations to strategic project work, serving clients with schemes ranging from small to over £1 billion.
Responsibilities
- Conducting actuarial valuations for clients for funding, solvency, Section 179, and buy-in feasibility studies.
- Attending client meetings and presenting routine analysis.
- Delegating tasks to analysts and ensuring work is ready for review.
- Calculating and checking individual member calculations, such as transfer values.
- Liaising with external administrator teams and LCP's internal teams.
- Producing member option factors for administrators.
- Calculating disclosures for accounting purposes under IAS19 and/or US GAAP.
- Carrying out and checking calculations for data and benefit rectification projects, including GMP equalisation.
- Opportunities to join specialist teams covering Pension Risk Transfer, longevity, GMP equalisation, and Collective Defined Contribution schemes.
- Attending client meetings to develop consulting skills.
- Attending industry networking events.
Requirements
- Part-qualified FIA.
- Experience working in the UK pensions actuarial consulting environment.
- Awareness of current issues and key hot topics in the UK pensions industry.
- Ability to draft clear communications and presentations.
- Ability to delegate tasks to analysts, explaining the wider context.
- Good grounding in actuarial techniques, attention to detail, and technical knowledge.
- Good communication skills – able to explain approach and results to the wider team.
- Ability to prioritize workloads with conflicting importance and flexibility to adapt to different client needs.
- Team player with the ability to build strong relationships both within and outside LCP.
- Approachable and happy to assist team members, fostering a supportive working environment.
Skills
- Actuarial techniques
- Attention to detail
- Technical knowledge
- Communication skills
- Prioritization
- Flexibility
- Teamwork
- Relationship building
Location
- London
Work Type
- Hybrid working (minimum 40% in office)
- Full-time
Experience Level
- Associate Consultant
Education Level
- Part-qualified FIA
Benefits
- Hybrid working
- Professional study support
- Access to Wellbeing, LGBTQ+, Multicultural and Women’s networks
- Life assurance
- Income protection
- Enhanced maternity/paternity/adoption and shared parental leave
- 26 days annual leave plus bank holidays
- Options to buy & sell holiday
- Work scheme
- Digital GP services
- Competitive pension scheme
- Discretionary bonus scheme
- High street discounts
- Season ticket loans
- Volunteering opportunities
- Electric vehicle salary sacrifice scheme
About the Company
- LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy and health.
- Uses powerful analytics fused with human expertise to shape a more positive future.
- Certified B-Corp.
- Multi-award winning, fun, collaborative, people-first organisation.
Equal Opportunity
- 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 - to discuss how we can support you with your application.
