Pensions Actuary

This organisation provides actuarial advice and analysis to support public sector objectives. Their remit covers advisory and analytical support across a broad range of government and public sector bodies. Their team comprises highly skilled actuaries and analysts, complemented by specialist pension, investment and climate consultants. Together, they collaborate to deliver innovative solutions tailored to their clients' needs. With offices strategically located in London and Edinburgh, they prioritise proximity to their clients, fostering strong, collaborative relationships across their diverse client base.

You will be a member of the Analytical Solutions Team, working on defined benefit pension schemes. Their vision is to be a trusted centre of analytical excellence, delivering integrated, innovative, and insightful solutions to empower client-facing teams to provide robust, evidence-based advice. They aim to set the benchmark for analytical excellence, supporting confident decisions and lasting value for their clients.

They offer excellent benefits including a highly competitive pension, flexible working options, and a strong focus on learning and professional development.

Main areas of work may include, but are not necessarily limited to the following in relation to defined benefit pension schemes:

• Actuarial valuations
• Funding updates between formal actuarial valuations
• Calculation of actuarial factors for member options
• Complex member benefit calculations

This is not an exhaustive list and responsibilities may evolve based on operational requirements and business needs.

There may also be opportunities to gain exposure to other areas such as insurance, investment, climate, and risk-related work as your role develops.

• Detailed knowledge of actuarial calculations underlying valuations, with the following aspects desirable:
• Schemes open to new accrual with active members
• Career average salary schemes
• Ability to both check work at a detailed level and carry out high‑level reviews
• Experience of using pension valuation systems such as Mantle is desirable, or a strong willingness to learn new systems
• Ability to manage projects to agreed budgets and timescales, liaising closely with stakeholders
• Ability to support and mentor junior team members

Candidates will be assessed against the following behaviours during the selection process:

• Delivering at Pace
• Managing a Quality Service
• Working Together
• Communicating and Influencing

Candidates will be assessed against the following technical skills:

• Fellow of the Institute and Faculty of Actuaries (IFoA), or equivalent actuarial professional body (Essential)
• Detailed knowledge of actuarial concepts and techniques as applied to UK defined benefit pension schemes (Essential)