Actuaries

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History
LCP is a specialist actuarial consulting firm with over 85 partners and over 400 personnel, including approximately 100 qualified actuaries and 70 actuarial students. The firm originated from a sole practice founded in 1947 and in 1962 began to trade under the name ‘Lane Clark & Peacock’.

We set ourselves high professional standards, reflected in the fact that we have won awards for ‘De-risking Consultant of the Year’ and ‘Investment Consultancy of the Year’ in 2011 and a host of other industry awards. So, whether you join our Pensions, Investment or Insurance team, you can be sure you’ll be working with some of the very best and brightest in their field.

LCP offers a full range of actuarial and related employee benefit advice to employers and pension scheme trustees of various sizes and in many industries as well as to individuals, especially directors and expatriates. Specialist departments also provide pension administration services, investment consulting and general insurance advice. Our depth of resource and experience means that we undertake almost any assignment related to pensions and general insurance.

The work of our pensions and investment teams encompasses traditional actuarial valuations, investment strategy and performance measurement, benefit design, communicating with members, advising on the pension implications of mergers and acquisitions, international advice, and accounting for pension costs.

The work of our insurance team includes giving advice to general insurance companies on reserving and financial risk management, building models to calculate capital requirements, pricing insurance contracts and helping insurance companies implement Solvency II.

The work of the actuarial student
One of the great benefits of working for LCP is the variety of projects you’ll be working on and the range of tasks involved in completing them. For example, you could be helping with pension scheme valuations, monitoring investment manager performance or assessing the impact of unlikely events. You could be building a spreadsheet model, using our own software, drafting letters to clients or writing full reports. There are also plenty of opportunities for client contact, right from early on in your career.

Number of graduate trainees required in 2012
Up to 15 for positions in pensions, investment, and insurance consulting.

Minimum academic requirements
We welcome graduates from a wide range of disciplines who are prepared for the high level of mathematical content the actuarial training and profession delivers. Ideal graduates would have at least a 2.1 honours degree (or equivalent) and an A grade in A level Mathematics (or equivalent). We also require good A level grades in other subjects equating to a total of 320 UCAS points.

Starting salary
To be announced. The competitive package includes bonus and other benefits.

Annual leave
Escalating holiday entitlement and facility to buy and sell holiday.

Professional development
LCP sets great store by students passing their exams and qualifying as quickly as possible; the firm also has a major programme of in house training. After an intense introductory course, regular training sessions are held throughout the first three years, covering every aspect of the business. Senior staff also receive training to keep their technical knowledge up to date and to improve their managerial, reporting, and presentation skills. We provide comprehensive support for external tuition for the actuarial exams, including payment of tuition, tutorial, and examination fees and we provide generous study leave.

Working hours
The professional examinations are challenging and require hard work. We do not therefore expect staff to work regular overtime during their first two years, as passing the exams is the main priority. As staff develop and assume more senior roles within their client teams, more flexibility is needed to respond to the needs of clients and extended hours of work may become necessary during busy periods.

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Further Details

No. of employees
400+
No. of qualified actuaries
100+
No. of trainees
70
Locations
London and Winchester
International opportunities
Occasionally
Work experience offered
No
No. of graduate vacancies
c. 15
Disciplines recruited from
A wide range of disciplines (with A grade in A level mathematics)

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