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About the role
Role Overview: You will be responsible for completing and checking a wide range of actuarial work for UK Defined Benefit retirement clients. Your main role will involve working with the team to deliver actuarial calculations and reports for a portfolio of clients to meet their requirements. Key Responsibilities: - Acting as an actuarial and consulting assistant for a 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, progressing towards holding responsibility for a portfolio of clients and acting as a client manager for a number of these - Peer reviewing and ensuring your work is peer-reviewed as appropriate - Maintaining accurate time recording and charging to clients where applicable - Staying abreast of the 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 Qualifications Required: - Experience within the UK defined benefit pensions actuarial environment - Experience 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, Actuarial factors, Pension data analysis, Guaranteed Minimum Pension (GMP) equalization - Strong communication skills - Ability to prioritize, organize, 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 Additional Details: Gallagher Center of Excellence (GCoE) was founded in 2006 and upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers. Please note that the job offers a competitive salary, great teams, exciting career opportunities, and a wide range of benefits including medical insurance, parental medical insurance, accidental insurance, life insurance, retiree benefits, flexi benefits plan, annual leave, maternity & paternity leave, employee wellness programs, training programs, and more. Gallagher values inclusion and diversity, considering it a core part of their business. They have a commitment to sustainability and supporting the communities where they live and work. Gallagher embraces employees' diverse identities, experiences, and talents to better serve clients and communities. Role Overview: You will be responsible for completing and checking a wide range of actuarial work for UK Defined Benefit retirement clients. Your main role will involve working with the team to deliver actuarial calculations and reports for a portfolio of clients to meet their requirements. Key Responsibilities: - Acting as an actuarial and consulting assistant for a 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, progressing towards holding responsibility for a portf