Job Description

Summary
As a Senior Associate you will work as part of a team on a wide variety of complex projects and contribute to achieving the exciting growth strategy of the UK Retirement practice while maintaining a work-life balance.
You will serve as a key resource for the senior consultant(s) in charge of each of your engagements by reviewing many aspects of the client work and managing a team of more junior consultants. You would be expected to start building relationships with the key client contacts, leading simpler projects and assist in presenting our advice to our clients at meetings.
As you grow and gain more expertise, you will become a key contact for the client and will begin managing more complex projects. Depending on your preferences and strength you would then be able to work with your development manager to develop yourself further and choose from a variety of different career paths.
Initially, your work will cover both Trustee & Corporate assignments and you will contribute to varied and interesting projects such as:
  • Integrated risk management
  • Liability management
  • Plan design strategy in the context of broader total rewards strategy
  • Pension plan financial management
  • Asset/liability modelling and journey planning strategy
  • Mergers and acquisitions
Depending on your interests and preferences there will also be opportunities to work more closely with different teams within WTW such as Investment, Bulk Annuity Transactions, Data Solutions, Software Group or be involved in Prospecting activities. 

The Role

Technical/Thought Leadership
  • Serve as primary resource and liaise effectively with colleagues and clients regarding analyses, and project execution required for Accounting and Funding valuations
  • Understand UK legislative environment particularly in relation to the governance of different types of pension arrangements and understanding the tax regime
  • Complete work in accordance with: various accounting standards, guidance from Department for Work & Pensions, the Pensions Regulator and the PPF, compliance with the Financial Reporting Council and Institute and Faculty of Actuaries standards, Scheme Specific Funding requirements
  • Seek and participate in key learning and development opportunities
  • Maintain steady progress through exams
  • Contribute to due diligence for mergers and acquisitions including estimating costs and challenges of integration
  • Contribute to retirement plan risk assessment and mitigation
  • Be responsible for the first draft of deliverables for final review by the senior consultant to cover both Trustee & Corporate assignments
Project Management

Deliver work in accordance to project deadlines
Project manage the client team’s workflow which includes:
  • Creating simple project plans,
  • Monitoring progress to deadlines and budget,
  • Scheduling and managing regular team meetings,
  • Ensuring appropriate and effective communication amongst team members and the client
People

Build relationships internally and collaborate effectively on cross-functional teams
Take an active interest in the development of more junior staff, delegating effectively and providing development opportunities
 

The Requirements

  • Some previous experience reviewing core valuation work and working in a client-service and trustee oriented environment which covers defined benefit and defined contribution plans
  • Strong written and verbal communication skills
  • Actuarial exam progress towards Fellowship of the IFoA
  • Flexibility and proven ability to diagnose and resolve issues; strong client service orientation
  • Demonstrate leadership qualities
  • Ability to ask the right questions and seek help where appropriate
  • Ability to respond to all communications effectively and in a timely manner
  • Well organised with ability to prioritise and delegate tasks
  • Ability to work both independently and on client teams and enjoy a fast-paced environment
  • Demonstrate a sense of accountability; owning and taking pride in work
  • Self-starter; interest in continually challenging oneself and willingness to step outside of one’s comfort zone
  • Interest and ability to think beyond the task at hand and understand how work fits into the broader landscape
  • Strong analytical skills including ability to draw conclusions and identify trends from data in a logical, systematic way
  • Excellent Microsoft Office sk
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