Actuarial Calculation Lead and Manager

2 weeks ago

London, United Kingdom Mercer Full time

Actuarial Calculation Lead and Manager - GMP Equalisation - Based in any of our UK/I offices (Hybrid)

Mercer is currently looking to grow our team by appointing talented and ambitious technical  part â qualified / qualified actuaries in an exciting and revenue generating role. This is an opportunity to join an established centre of excellence, specialising in a wide range of retirement solutions, providing technical expertise and support to our UK Retirement market. We are looking for strong team players with proven experience of checking and reviewing technical actuarial calculations, excellent communication skills and business acumen..

Mercer provides insights, advice and technology-driven solutions to help build brighter futures for our clients, colleagues, and communities. Together, we are re redefining the world of work, reshaping retirement, and investment outcomes, and unlocking real health and well-being.

The role will form part of the projects team with the current focus being around delivering GMP Equalisation projects on the Mercer proposition to our clients, which can incorporate or lead onto being involved in de-risking projects for our clients over time. This is an opportunity to fulfil a fundamental role in providing pension solutions across our wide range of services. As we continue to grow and enhance our workforce of the future, we are providing a continuously evolving and tailored range of services, giving individuals the opportunity to learn and develop their skills with support both now, and into the future.

This role would be suitable for someone who already has experience working on DB pensions within an actuarial role. In addition, Mercer provides full-study support for students undertaking any applicable examinations.

What can you expect?

  • Work as part of a great multi-disciplinary team on complex defined benefit modelling using advanced actuarial skills and techniques, specialising in complex UK pension solutions.

  • You will be responsible for checking and reviewing complex calculations, as well as communicating the results to consultants and wider support teams.

  • Contribute to continuous improvement by developing and delivering knowledge sharing / training / process improvement initiatives and co-ordinate new process rollouts across locations.

  • Develop expertise in excel, VBA and Mercer in house technology enabling high quality IT and product solution development.

  • Working in partnership and developing relationships with internal teams to deliver a streamlined service to other lines of business within Mercer.

  • Directly involved with the management of more junior colleagues within the GMP Equalisation team, including supporting with performance reviews, training and personal development plans.

  • Develop skills to support on various consulting aspects of GMP projects and have direct client contact.

What is in it for you:

  • Competitive Benefits Package including: 25 days annual leave, up to 4 days of flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.

What you need to have:

  • Qualified or part qualified actuary.

  • A good understanding of how UK Defined Benefit pension schemes operate and experience in carrying out benefit calculations for Defined Benefit pension schemes.

  • Excellent analytical, numerical, and critical thinking skills, including a good understanding of actuarial approaches for pensions.

  • Educated to degree level in a numerical or semi-numerical degree.

What will make you stand out:

  • Experience working in a similar role within an Actuarial team, working in Pensions, with a focus on Technical aspects and solid exposure to consultants and broader client support teams.

  • Experience of technical calculations required for GMP Rectification and Equalisation projects.

#mercerukactuary

                                                                                                 

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercerâs more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the worldâs leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

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