Working for LCP
We are not so big to have lost the personal touch, so you'll have no worries about being another faceless employee in a vast organisation. Yet, we are large enough to offer you experience on a wide range of projects, including advising FTSE 100 and global companies, and the opportunity to make rapid progress in your career.
What does an LCP actuary do?
In general, the work we do involves assessing the risks associated with future events and advising clients on how much money they should set aside now to be able to cover uncertain payments in the future and how that money should be invested. You'll be involved in building complex models to supply the answers and then communicating these to our clients in a way that's easy to understand. Communication skills are highly valued here, as you can imagine.
What areas can I work in?
You'll be working in one of four teams, covering our specialist areas:
- Pensions - advising companies and trustees on designing pension schemes, valuing and managing accumulated pension commitments, the impact of new legislation, and the pensions implications of mergers and acquisitions.
- Investment - helping companies and trustees to manage risk and decide on the best way to manage the assets of their pension funds.
- Insurance (London office only) - 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.
- Business Analytics (London office only) - using mathematical modelling to help companies make better decisions and reduce risk . Our Business Analytics team works on a wide range of projects, from modelling the effect of government policy on the future of the GB electricity market to estimating the regulatory capital requirements of financial organisations.
We also offer flexibility to move between teams if you wish, as well as the opportunity of secondments to our European offices.
What will I do day to day?
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, whether by email, phone, face-to-face at meetings or corporate events.
Location
London or Winchester?
Working as one company out of our offices in both London and Winchester, we can offer you a distinct choice of lifestyle. And whichever office you call your base, there will always be plenty of opportunities to visit your colleagues in the other.
Advance to Mayfair
Our larger office is in Old Burlington Street, in the heart of Mayfair, London's most exclusive district, and now home to many of the world's most innovative and dynamic financial operators. On the doorstep is Savile Row (great for suits) and Bond Street (great for upmarket shopping). Just a few minutes walk away are Piccadilly Circus, Leicester Square, Oxford Street and all the other popular West End haunts - perfect for lunchtime shopping and after-work socialising. And of course, you're just a short hop from Central London's many cultural attractions as well.
The Cathedral City
Winchester was once the capital city of England and home to King Alfred the Great. There are still many reminders of the long history of this quintessentially English city in its cobbled streets and the famous cathedral, which dates from the 7th century. Our office is right next door to the train station and city centre, where modern high street shops, bars and top-class restaurants jostle for space among the picturesque ancient buildings. It's a great place to enjoy a "London" career with a "country" lifestyle.
With a direct line to London from the nearby train station, the old capital city is just a simple ride from today's capital city, our London office and your colleagues.
What our graduates say
“A career here is what you make of it. There are so many opportunities to get involved and to progress in what interests you, and if you are doing well it is noticed. I'm looking forward to the next few years!”
Philippa
Pensions Actuarial, Winchester
