Average Actuarial Consultant salary in the UK

Join our Strategic Risk Consulting (SRC) team and help leading organizations navigate complex risks through data-driven insights and strategic advisory. As part of our Risk & Analytics division, you'll collaborate with consultants, actuaries, and analysts to deliver solutions that strengthen resilience and drive sustainable business performance.The RoleWe are looking for an actuarial professional pursuing FIA/FFA qualification (or equivalent) with strong client-facing skills and commercial awareness to join our team of over 100 colleagues. This role will centre on providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients in geographies including GB, Latin America, Asia, Pacific, the Nordics and Spain.You will be responsible for the delivery of outstanding client service and support for new and existing business across our range of actuarial and captive advisory services (pricing, capital, and reserving). The role will play an active part in supporting business growth and revenue generation through proposal development, RFP responses, client retention initiatives, cross-selling opportunities and collaboration with CRB colleagues to win new business.Acting as a primary or secondary client contact, representing WTW in client meetings and contributing to the development and maintenance of key client relationships.Assisting regional colleagues with the identification, development and delivery of client opportunities and projects.Taking ownership of project delivery, managing project teams and reviewing and signing off technical deliverables where appropriate.Supporting the development, coaching and performance management of colleagues and contributing to resource planning across the SRC International team.Range of actuarial services P&C Pricing and OptimisationLead projects to help clients to optimise their risk retention and insurance strategy.Produce strategic recommendations based on model results to help clients manage risks more effectively and minimise total cost of risk.Reserving, Capital Modelling, Solvency IIProduce actuarial reserving analysis for both our corporate clients and captive insurance clients, to support annual reporting requirements.Support captive insurance clients through reserving, capital modelling, Solvency II reporting, actuarial function activities and regulatory compliance across multiple domiciles. Review their Solvency Capital Requirements (SCR) and Technical Provision (TPs), periodically, and produce and present Actuarial Function reports.Assist in developing assumptions, and challenging them where required, to ensure a robust risk management framework.Support ongoing compliance with regulations and timely completion of regulatory returns across several captive domiciles (including Dublin, Malta, etc).Manager of People:Responsible for managing and developing the skills, competencies and knowledge of colleagues including overseeing appraisals and objective setting whilst maintaining high levels of integrity, motivation and team morale.Establish an environment that promotes respect, trust and well-being for the individual employee.The successful candidate will receive ongoing training and support within a stimulating, multi-disciplined team of actuaries and other risk professionals to further develop technical, commercial and management skills.What you'll bring: Pursuing FIA/FFA or equivalent qualification with demonstrable experience within the general insurance market.Advanced computer modelling skills including MS Office.Proficiency in one of R/R Shiny, Python, Power BI, RADAR, Igloo and ResQ.Able to demonstrate experience of building actuarial loss forecast models for non-life insurance risks such as property and liability.Capital Modelling, Reserving and Solvency II experience would also be desirable.Intellectual curiosity to deliver insightful analysis to tight deadlines.This is a client-facing role, and therefore the ability to effectively communicate complex concepts and results to external and internal clients is critical.Experience in preparing and presenting results and recommendations reports in clear and actionable language. Excellent PowerPoint skills and attention to detail are essential.The innovation and problem-solving abilities that are regularly required to design bespoke risk consulting solutions and models for our clients.Experience managing project teams, resources and developing junior colleagues.A natural team player and determined to deliver high-quality services to our clients, on time.While the role will be based in London, you may be required to travel to meet clients.Hungry to grow your business development capabilities.What we offer:Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.Equal Opportunity EmployerWe're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.

Who we are At Grant Thornton we’re building something bold. We’re doing things differently - looking to the future, driving ambitious growth and pioneering positive change in our industry. Providing audit, tax and advisory services, we empower clients through strategic insight, curiosity, and genuine partnership. And we empower our people with real opportunity. Our journey from great to exceptional is well underway. With significant investment behind us and a clear strategy for growth, there’s real momentum. Our Agile Talent Community (ATC) brings together experienced contract professionals who want choice without losing connection. You work where you add the most value, alongside teams who treat you as a partner rather than a placeholder.Joining us in ActuarialWe help our clients manage financial risk, comply with regulations, and make informed business decisions. The world around us is changing and our teams help clients remain agile and adapt to these changes and stay ahead of the competition. Grant Thornton’s Actuarial and Insurance Consulting team provides a wide range of services tailored to insurers, pension schemes, lending institutions, and corporates. Our work spans both business as usual support and strategic, event driven consulting, with a strong focus on regulatory compliance, risk management, and financial transformation.If you’re an experienced Interim Actuarial (Non-Life Insurance) Manager who’s tired of choosing between freedom and meaningful work, there’s another route. Within our Actuarial and Insurance Consulting team, you’ll be given the opportunity to take on short- to medium-term projects that sharpen your expertise, stretch your thinking, and give you a different angle on familiar challenges - all without locking you into a single path.You can engage with us through your own limited company or on inside IR35 terms.Skills we are looking for· Provide actuarial advice and services to a variety of clients in the non-life insurance sector.· Build your personal brand by researching and working on projects relating to a specific technical area, becoming the go-to person in the team for insight and advice.· Engage with all key stakeholders on a regular basis to make sure deadlines are met, risks are managed, and the quality of work is to the highest standard.· Proven experience in managing and developing client relationships.· Excellent communication and leadership skills, with the ability to mentor and develop junior team members.Why Consultants choose the ATC· Work that moves you forwardWhen a project fits your skills, we’ll get in touch, but you choose whether it’s right for you. That means working on engagements that genuinely build your portfolio and expand your expertise.· The freedom of contracting without the hidden admin You’re not left to navigate the freelance world alone. Our Agile Talent team helps you understand freelance regulation and connects you with people who broaden your thinking through our teams and clients.· Community you can actually feelConnection shouldn’t disappear just because you’re contracting. From market insights to wellbeing sessions to networking events, you’ll be part of a community designed to make the independent path less isolated and more impactful.Our culture and valuesWe have a culture where talented people thrive – where high performance is not just expected but enabled. It’s a culture built on clarity, curiosity, and care. One that challenges us to aim higher, where we’re encouraged to make the most of an abundance of resources to fuel our own development, and where we support each other to grow, learn, and succeed. Our open and accessible culture means you’ll interact with leaders who are interested in you and everything you bring to our firm. The things that set you apart, we value them. That’s why we give you the freedom to bring your whole self to work and pursue your passions inside and outside of work.How to joinWe keep the process straightforward, because the real work happens once you’re here.1. Submit your CV and basic details through our online application.2. If there’s a match, a recruiter will reach out to discuss.3. Meet key stakeholders for a focused conversation.4. Complete your background checks, join the Agile Talent Community, and start exploring the opportunities we have to offer.If you need adjustments at any point in the process, please let us know during the application stage - we aim to make sure our roles are accessible to everyone.

The RoleYou will be joining WTW as a Pension Actuarial Consultant, supporting our UK Defined Benefit (DB) pensions work. This role can be based in London, Reigate, Bristol, Birmingham, Manchester, Leeds, or Edinburgh, with hybrid working available in line with the arrangements of your local office.We work with a wide range of clients, and your work may cover both trustee and corporate assignments. As well as providing advice on regular valuations, accounting, PPF levies, individual calculations, and factor reviews, we often work alongside our clients on innovative, market-leading projects. For more information on our Pensions Corporate Consulting offering, please visit:As a pension actuarial consultant at WTW, you will have opportunities to contribute to varied and interesting projects such as: Integrated risk managementLiability managementGuaranteed minimum pension (GMP) equalisationPlan design strategyAsset and liability modelling and journey planning strategy Mergers and acquisitionsYou will be part of a collaborative and inclusive team environment, actively engaging in team collaboration and building relationships.As a pension actuarial consultant, you will also mentor junior colleagues, developing their skills, while demonstrating strong project management and delegation skills.Our "Work Styles" structure allows you to choose the option which best suits you. The structure is grounded in the trust which we place in all colleagues and has flexibility as its core. Most colleagues have selected the hybrid option, which offers a flexible mix of working from home and in the office, choosing your location to match your plans for each day, for example attending the office for client meetings and personal development. You can also benefit from flexible working opportunities, such as part-time working, and will have control over your work-life balance.See more information about our WTW careers page:What you'll bringExperience working as a pension actuary on core UK defined benefit pensions actuarial work.IFoA nearly/newly qualified OR qualified actuaryStrong client-service orientation.Strong written and verbal communication skills to deliver impactful client interactions.Proven delegation skills and a desire to coach and mentor junior colleagues. Sense of accountability: owning your work and taking pride in it. Self-starter: interest in continually challenging yourself and willingness to step outside of your comfort zone. Ability to think beyond the task at hand and understand how work fits into the broader landscape.What we offerEnjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.Equal Opportunity EmployerWe're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.