Location
London with hybrid working as per departmental requirements (currently a minimum of 40%, equivalent to 2 days per week).

Hours
Full time

About the Role
LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, and health. We combine powerful analytics with human expertise to help shape a more positive future. We have an exciting opportunity to join LCP as a Consultant in our Pensions Actuarial Department, supporting our continued growth in the Defined Benefit (DB) pensions market.

We are preferably looking for candidates to divide their time between pensions actuarial and pensions risk transfer (PRT) work, but we are flexible on the split depending on your strengths and interests.

The pensions actuarial department in London consists of over 150 people, from analysts to Partners. The team advises trustees and sponsors on a wide range of DB pensions issues, from core work such as actuarial valuations and member options advice to strategic advice and project work. Our specialist Pensions Risk Transfer team is highly respected and has led the market since its inception.

As a Consultant, you will work on a variety of schemes ranging from small schemes with a handful of members to large schemes with assets over £1 billion. You will coordinate actuarial calculations with less experienced team members, review calculations and associated advice, and take ownership of workstreams with support from senior colleagues.

You will also play a central role within the Pensions Risk Transfer team, broking insurance transactions, liaising and negotiating with insurers, attending meetings, and managing projects from start to finish. Opportunities exist to explore other specialist teams within the department, including longevity, GMP equalisation, Collective Defined Contribution schemes, and post-transaction work.

Everyone is encouraged to attend client meetings to develop consulting skills, with opportunities to present alongside more experienced team members. You will also have the chance to attend industry networking events, with LCP playing a key role in organising events targeted at consultant level.

Experience
Qualified actuary (preferably) with at least 4 years’ experience in the UK pensions actuarial consulting environment.
Strong UK pensions technical knowledge, including actuarial valuations, member options calculations, and pensions accounting.
Awareness of current issues and key topics in the UK pensions industry.
Ability to delegate tasks to less experienced team members and explain wider context.
Good commercial awareness with the ability to consider agreed budgets when carrying out work.
No prior experience of Pensions Risk Transfer work is required as training will be provided.

About you
Technically strong with the ability to propose ideas on complex calculations.
Good communication skills, able to explain approaches and results clearly and willing to challenge.
Ability to prioritise workloads with conflicting demands and adapt flexibly to client needs.
Team player with the ability to build strong relationships internally and externally.
Approachable and supportive, willing to assist less experienced colleagues and foster a collaborative environment.