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Pensions Actuary

United Kingdom, London 67259.00 - 86708.00 GBP / Year · Job Posted June 02, 2026
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Job Description

The Government Actuary's Department (GAD) offers actuarial careers that make a difference - we provide actuarial analysis, advice and assurance to government departments and public sector organisations, supporting Government objectives and delivering for citizens. The department's work covers valuations and policy support in relation to pension schemes, insurance and contingent liabilities, financial risk, and social security. We also provide financial modelling and quality assurance. In this role, you will work in one of GAD's established pensions teams. We advise our public sector clients on a range of defined benefit (DB) pension scheme matters. GAD operate in a unique environment with opportunity to provide highly valued support to a diverse range of clients in a public sector context. Core project work will include actuarial valuations, member option factors, accounting disclosures, and pension scheme strategy.

Job Responsibility

  • Providing high quality actuarial analysis and advice to GAD's clients
  • Maintaining and building on existing relationships, both internal and external, and developing new relationships
  • Collaborating with colleagues across all teams to ensure all work is appropriately scoped and delivered in an efficient and timely manner with a focus on providing value for money for our clients
  • Providing a consistently high level of service with work undertaken within professional requirements
  • Agile working and effective liaison with other GAD teams, including flexible working across teams as required to meet client demand
  • Maintaining an up-to-date knowledge of role-relevant actuarial and other matters (including meeting all CPD requirements)

Requirements

  • Fellow of the Institute and Faculty of Actuaries, IFoA, or equivalent actuarial professional body (Essential)
  • Detailed knowledge of UK actuarial concepts and techniques as applied to UK defined benefit pension schemes (Essential)

What we offer

  • 25 days annual leave per year, increasing to 30 days after 5 years' service
  • 9 days public and privilege days leave per year (pro rata for part time staff)
  • A Civil Service pension with an employer contribution of 28.97%
  • 5 days of paid volunteering leave
  • Up to 9 months maternity leave on full pay + generous paternity and adoption leave
  • Staff reward and recognition bonuses that operate throughout the year
  • Occupational sick pay
  • Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity, and adoption leave
  • Access to employee assistance programme which offers staff 24/7 confidential support and resources such as counselling, debt guidance and management advice
  • The opportunity to join a trade union
  • A working culture which encourages inclusion and diversity
  • Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
  • Access to the Edenred employee benefits system which offers discounts to popular retailers and access to various useful resources such as financial and savings advice
  • Complimentary BUPA health check

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