Actuarial Pensions Senior Manager
Who we are looking for
We are looking for an experienced qualified actuary to join the expanding PwC Pensions practice as a Senior Manager. The Pensions practice sits within the People and Organisation (P&O) group which is part of Tax. The PwC pensions’ team is well established in Scotland and has a strong portfolio of corporate and trustee advisory appointments. The team sits within a multi-disciplinary PwC team covering all aspects of advice relating to defined benefit and defined contribution pension arrangements, including scheme funding, scheme financing, investment, risk control, liability management and benefit design. The team also gives advice on transactions, international pensions, share schemes and financial reporting.
You will be working in partnership with employer covenant advisers, corporate finance specialists, transactions specialists, tax experts, accountants, insolvency specialists, lawyers and HR consultants in other parts of PwC. The exposure everyone gains from this pooling of talent allows us to provide complete solutions to our clients, as well as developing our peoples’ abilities in fields outside their usual remits.
As a Senior Manager you will be expected to both support senior members of the team and lead client engagements, overseeing the work of more junior colleagues. The corporate work is varied and will range from standard regular advice such as assistance with accounting disclosures to helping corporates set their long term pensions strategy. This could include projects such as liability management exercises, insurance solutions and scheme redesign.
You will also be expected to play a part in new business development – from identifying opportunities, researching these and attending meetings and pitches with support from more senior members of the team as appropriate. Again, this part of the role will involve linking into other areas of PwC.
About the role
Our pensions team will provide you with an opportunity to broaden your experience in all the areas of work mentioned – and others which are yet to be developed. Your responsibilities will include the following:
Use your pension knowledge within a wide commercial context.
Use the technical skills you have and build on them with commercial knowledge and project experience
Take on a wide-ranging portfolio of work while developing client exposure and business skills
Take formal responsibility for managing people within the pension’s team and for overseeing the work of more junior staff.
Maintain regular contact with internal colleagues and external clients, including active account management.
Assist clients to review long term pensions strategy including ways in which this could be achieved more quickly e.g. liability management, insurance transactions, Scheme funding negotiations and investment strategy
Assist clients with accounting for pensions and stock compensation under UK, US and International GAAP.
Work as part of the senior team in developing new business.
Advise businesses as part of a multi-disciplinary team, including other professionals such as Tax, Accounting, HR, wider employee reward and Corporate Finance.
Running client accounts and projects including managing junior team
Managing several projects at once
Actuarial qualification – Fellow of the Institute of Actuaries or equivalent
Strong technical skills
Understanding of the pension framework in the UK
Commercial and outgoing approach
Motivation and commitment
The ability to pick up new skills quickly
Knowledge of the pensions issues facing UK employers
Experience of contributing to business development and new wins
A working knowledge of investment issues as they affect DB schemes
Appreciation of employee benefit/HR issues wider than pensions would also be useful