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Senior Consultant

Location: Edinburgh, United Kingdom

Company: Mercer

Job ID R_058935-en

Employer: Mercer

Role: Senior DB Consultant

Location: Edinburgh

Salary: Competitive - Excellent benefits

Job Reference: R_058935

Job Summary

The role of the Senior DB Consultant is to provide a range of support to a team of Senior Consultants and Actuaries. This will involve reviewing complicated actuarial calculations and reports, carrying out complex actuarial calculations and assisting with all aspects of client management.

Main responsibilities and Accountabilities

  • Reviewing complex actuarial calculations and drafting reports on behalf of the Actuaries - these may be include non standard actuarial reports or reports of a non actuarial nature
  • Analyse scheme accounts, investment reports, scheme documentation and company accounts
  • Draft client communications as instructed which should be clear and completed in line with internal and external standards
  • Reviewing accounting assumption setting advice and disclosures under FRS 102, IAS19 and ASC 715.
  • Attend to telephone and written queries as instructed
  • Attend client meetings as required
  • Actively participate in departmental meetings
  • Build professional relationships with clients where appropriate and approved
  • Communicate technical information, providing the client with a clear understanding and minimising follow up queries
  • Ensure meeting actions are dealt with as appropriate
  • Scoping out work, setting and monitoring budgets and timescales
  • Perform all work to professional standards and within client and statutory deadlines
  • Attain a personal billable hours target
  • Maintain an accurate record of working time

Experience and Education Requirements


  • A detailed knowledge of UK Pensions Legislation, specifically Defined Benefit Pension Schemes
  • At least 5 years’ experience of working in an Actuarial team, producing calculations
  • Familiarity with relevant Codes of Practice and guidance published by The Pension Regulator
  • Detailed knowledge of appropriate actuarial professional and technical standards
  • Significant progress with Actuarial exams
  • Good understanding of the actuarial and funding challenges and risks facing small DB pension schemes
  • Knowledge of the detailed calculations underpinning GMP equalisation approaches
  • Knowledge of actuarial valuations including CARE and DC/GMP underpin


  • Experience of presenting on Actuarial topics at client meetings/conferences
  • Ability to demonstrate experience of bespoke actuarial modeling and project work
  • Experience of research/analysis of UK pensions market
  • Knowledge and practical experience of using the Revelation, Lantern and PFaroe actuarial systems

Key Competencies


  • Attention to detail
  • Drive and resilience
  • Ability to work on own initiative and as part of a team
  • Good time management skills
  • Planning and organising skills
  • Ability to absorb new information quickly
  • Good Excel, Word, and Outlook skills
  • Excellent verbal and written communication skills
  • Excellent mathematical ability
  • Sufficient relevant pensions experience
  • Knowledge and understanding of benefit calculations and actuarial valuations

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. At Mercer, we say we Make Tomorrow, Today. Follow us on LinkedIn and Twitter

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension schemes, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients.

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