Senior Actuarial Analyst- Pension

This role holder will be responsible for completing and checking a wide range of actuarial work for UK Defined Benefit retirement clients. He or she will work with the team to deliver actuarial calculations and reports for a portfolio of clients to meet their requirements.

Responsibilities

• Acting as an actuarial and consulting assistant for portfolio of clients
• Handling the preparation of actuarial valuations and cost estimates
• Undertaking and supervising accounting disclosures (FRS17, IAS19 and USGAAP)
• Coordinating data collection including editing and testing data received from clients
• Undertaking and checking all aspects of actuarial work associated with pension schemes
• Preparing letters, reports and other client materials
• Assisting in developing administrative procedures and forms used by clients
• Checking day to day individual calculations as requested
• Participating in Buck internal projects, handling special projects or assignments as needed
• Assisting scheme consultants with the consultancy aspects of pension schemes
• Establishing strong working relationships with clients
• Preparing for and attending client meetings, as required
• Providing leadership, feedback and training to actuarial analysts
• Building up consulting knowledge on actuarial and non-actuarial aspects of pension plans
• On qualification, to progress towards holding responsibility for a portfolio of clients and acting as a client manager for a number of these
• Peer reviewing and ensuring own work is peer reviewed as appropriate
• Maintaining accurate time recording and charging to clients where applicable
• Staying abreast of latest industry developments and requirements of applicable regulatory bodies
• Adhering to Corporate Policies and Procedures (CCPs)
• Reporting any suspected breaches to management/compliance department upon discovery

Competencies:

Leading Self

• Leading self - Focuses on how we lead ourselves and react to situations
• Integrity & trust - Focuses on doing the right thing and taking personal responsibilities

Leading Others & Relationships

• Builds relationships & networks - Focuses on building diverse networks and accepting difference
• Collaborates - Focuses on sharing, supporting and being inclusive to achieve mutually beneficial outcomes
• Communicates & influences - Focuses on clear communication, influencing and negotiating

Leading Results

• Client Excellence - Focuses on understanding and meeting the needs of internal and external clients for now and the future of a long term relationship
• Planning - Focuses on building plans and obtaining resources and ensuring alignment across teams and the business
• Drive for results - Focuses on performance and removing obstacles to achieve results

Leading the Business

• Business Acumen - Focuses on analysing and solving problems
• Strategy - Focuses on strategic thinking and understanding broader context affecting Gallagher and the industry
• Innovation - Focuses on creative thinking, generating new ideas and embedding the necessary change

Qualifications

• Experience within the UK defined benefit pensions actuarial environment
• Experience of work in one or more of the following areas:
• Pension scheme funding valuations
• Pension accounting disclosures (FRS17, IAS19 and USGAAP)
• Individual actuarial calculations for pension scheme members (e.g. transfer values)
• Actuarial factors
• Pension data analysis
• Guaranteed Minimum Pension (GMP) equalisation

• Strong communication skills (but not necessarily any experience communicating with clients)
• Able to prioritise, organise and carry out tasks within deadlines
• Good numeracy and literacy skills
• Proactive and a team player
• Attention to detail
• Computer literate
• Good numerical/mathematics-based degree
• Good progress through the actuarial exams

At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.

• Competitive compensation
• Comprehensive benefits programs designed to support your well-being
• Career development opportunities and ongoing learning
• A collaborative, people-first culture with accessible leadership
• The opportunity to do meaningful work with global reach and local impact

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)

Qualifications

• Experience within the UK defined benefit pensions actuarial environment
• Experience of work in one or more of the following areas:
• Pension scheme funding valuations
• Pension accounting disclosures (FRS17, IAS19 and USGAAP)
• Individual actuarial calculations for pension scheme members (e.g. transfer values)
• Actuarial factors
• Pension data analysis
• Guaranteed Minimum Pension (GMP) equalisation

• Strong communication skills (but not necessarily any experience communicating with clients)
• Able to prioritise, organise and carry out tasks within deadlines
• Good numeracy and literacy skills
• Proactive and a team player
• Attention to detail
• Computer literate
• Good numerical/mathematics-based degree
• Good progress through the actuarial exams