Full-Time

Actuarial Consultant

GMP Equalisation & Pensions

Updated on 9/12/2026

Marsh & McLennan

Marsh & McLennan

Risk, insurance and business consulting

No salary listed

London, UK + 5 more

More locations: Edinburgh, UK | Leeds, UK | Belfast, UK | Manchester, UK | Liverpool, UK

Hybrid

At least three days per week in the local office or with clients.

Category
Consulting (1)
Required Skills
Quality Assurance (QA)
Requirements
  • Be a qualified or part-qualified actuary.
  • Have extensive experience in actuarial technical calculations.
  • Have a strong understanding of United Kingdom defined benefit pension schemes and experience in benefit calculations.
  • Demonstrate analytical, numerical, and critical-thinking skills, with a solid understanding of actuarial approaches for pensions.
  • Have people-management skills.
Responsibilities
  • Work within a multidisciplinary team on complex defined benefit modelling, using actuarial skills and techniques for United Kingdom pension solutions.
  • Check and review complex calculations, ensuring accuracy and clarity when communicating results to consultants and wider support teams.
  • Develop and deliver knowledge-sharing initiatives and training sessions, and coordinate new process rollouts across various locations.
  • Partner with internal teams to deliver service across different lines of business.
  • Support the performance reviews, training, and personal development plans of junior colleagues.
  • Engage directly with clients on various aspects of actuarial projects.
  • Participate in actuarial projects including pension scheme valuations, risk assessments, and benefit design initiatives, applying actuarial techniques to solve complex problems and deliver tailored client solutions.
  • Lead team meetings to discuss progress, share insights, address challenges, and align objectives for GMP rectification, equalisation, and other actuarial projects.
Desired Qualifications
  • Have previous experience in a similar role within an actuarial team, particularly in pensions, with a focus on technical work and exposure to consultants and broader client support teams.

Marsh, formerly Marsh McLennan, is a global professional services firm focused on risk, insurance, reinsurance, talent and business strategy. Its operating businesses help organizations arrange coverage, model and transfer risk, design workforce programs and address complex management questions. Clients range from growing companies to governments and multinational enterprises. The group combines advisory expertise with insurance-market access and data, making it broader than an insurance broker alone while remaining primarily a business-to-business services organization.

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