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Senior Technical Actuarial Analyst (GMP Equalisation)

Closing date
23 May 2022

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Contract Type
Full Time
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Senior Technical Actuarial Analyst - Mercer - HOMEBASED

The company: M

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

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.

The Role:

We are currently looking for a talented and ambitious Actuarial Analyst or Actuarial Consultant who is keen to develop their career by joining our Wealth Analytical Services team and who has experience with Guaranteed Minimum Pension (GMP) Equalisation work. 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 excellent communication skills, business acumen, alongside the core technical skills.

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. We are also offering full working from home flexibility for anyone based in the UK.

We will rely you to:
  • Working as part of a team on complex defined benefit modelling and GMP equalisation using advanced actuarial skills and techniques, specialising in complex UK pension solutions.
  • Carrying out non-standard scheme benefit calculations, and involvement in wider actuarial work including GMP equalisation and conversion calculations.
  • Assist administration teams in understanding data requirements and complex new benefit structures that arise as a result of GMP equalisation.
  • Checking technical accuracy on work of all complexities across services and non-standard projects.
  • Contribute to continuous improvement by developing and delivering knowledge sharing / training / process improvement initiatives and co-ordinate new process roll outs across locations.
  • Develop expertise in excel, VBA and Mercer in house technology enabling high quality IT and product solution development.
  • Managing client work across multiple services with a focus on agility, allowing scalability and adaptability in the services and solutions we provide.
  • Working in partnership and developing relationships with internal teams to deliver a streamlined service to other lines of business within Mercer.
  • Assist in managing the transition of new work streams from other lines of business.

What you will be rewarded with:
  • Exceptional training and development opportunities.
  • Challenging yet friendly and diverse work environment.
  • Competitive salary.
  • We will fund a number of different professional study pathways including the Actuarial & Certified Actuarial Analyst CAA exams, PMI Qualifications and other relevant personal and professional exams.
  • Exposure to a wide range of services with an abundance of career enhancing opportunities.
  • Potential for opportunities in other lines of business, or via our Global rotation programme.
  • 25 days holiday with the option to buy/sell 5 days additional leave.
  • Highly competitive benefits package including pension scheme, private medical insurance, income protection and options including discounted gym memberships, travel insurance, childcare and retail vouchers and much more.

What you need to have:
  • Educated to degree level in a numerical or semi-numerical degree.
  • A strong understanding of how UK pensions schemes operate.
  • Strong analytical, numerical and critical thinking skills, including a good understanding of actuarial approaches for pensions.
  • Ability to work as part of a team and within a collaborative environment.
  • Excellent written and verbal communication skills.
  • Exceptional attention to detail ensuring quality and delivery in line with deadlines.
  • Strong IT skills with good working knowledge of Microsoft office, in particular Excel.

What will make you stand out:
  • Experience working as an Actuarial Analyst with a deep understanding of DB pension schemes, carrying out valuation work and peer review

About Us

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We're in the business of creating more secure and rewarding futures for our clients and their employees - whether we're designing affordable health plans, assuring income for retirement or aligning workers with workforce needs. Using analysis and insights as catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people's current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin each and every idea and solution we offer. For more than 70 years, we've turned our insights into actions, enabling people around the globe to live, work, and retire well. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.mercer.comfor more information and follow us on LinkedIn and Twitter @Mercer.

At Mercer we are open to flexible and part time working arrangements for new hires. The aim of our flexible working policy is to enable employees to balance work and home life more effectively, whilst meeting the needs of our business. This is another step towards us being an employer of choice. We encourage you to discuss your requirements with us when you apply for a role.

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital and civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs. We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive. Learn more about our foundational values, mission and vision for the future by reviewing our Greater Good Policy


This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.
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