Senior Actuary at PIC

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

07 Sep, 26

Salary

0.0

Posted On

09 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Modelling, Financial Planning & Analysis, UK Solvency Regime, Data Analysis, Stakeholder Management, Business Planning, MS Excel, MS PowerPoint, MS Word, Asset Liability Management, Hedging Instruments, IFRS, SII Surplus, Communication Skills, Numerical Analysis, Influence and Persuasion

Industry

Insurance

Description

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. PIC is recruiting for a Senior Actuary to join its Financial Planning & Analysis department. This is a fantastic opportunity to lead delivery of Business Plan projections and maintain the planning model whilst continuously improving methodology and supporting wider Financial Planning & Analysis deliverables as required including forecasts, solvency estimates and ad hoc queries from senior stakeholders. Specific accountabilities assigned to the role of Senior Actuary within Financial Planning and Analytics: Lead delivery of PIC’s Business Plan projections, working effectively with key contributors in Origination, Investments, Strategy, Finance and Risk, and facing off to senior contributors in these areas as needed Maintain the Business Planning model, proactively identifying and implementing improvements to the model and methodology as appropriate Work with other senior team members to deliver/support PIC’s weekly solvency estimates and regular forecasts if required, reconciling and explaining variances against month end financial results and using insights to strengthen forecasting capability Lead response to shareholder/stakeholder queries, performing analysis and preparing responses Lead / provide support to Head of Forecasting & Planning, Director of Financial Planning & Analysis), CFO and others in ad hoc investigations / projects as they arise Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related by attending industry seminars, reading and sharing relevant published articles Experience: A qualified actuary with the Institute and Faculty of Actuaries Experience in developing relationships across multiple, different discipline teams Experience of conducting financial / data analysis and reporting on that work Knowledge: Good technical knowledge of the UK Solvency regime, PRT business, with experience of Business Planning and Financial analysis and a commercial mindset Established knowledge of actuarial modelling and analysis techniques, as applied to UK life insurers Experience in Financial Planning & Analysis (FP&A) and/or reporting covering SII, SII surplus and IFRS Skills: Strong organisational skills, with ability to organize work to meet deadlines Strong written and verbal communication skills Ability to persuade and influence both directly and indirectly Ability to succinctly articulate key points from financial / data analysis to a range of audiences Excellent numerical and analytical skills and good working knowledge of MS Excel, MS PowerPoint, MS Word. Desirable: Good understanding of Asset Liability Management (ALM) and hedging instruments Proficient user of Excel, Word and PowerPoint High‑level understanding of actuarial modelling and systems development Experience in team development DEI at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we’re proud of our progress, we recognise there’s work ahead, and we remain dedicated to listening, learning and evolving together. In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.

Responsibilities

Lead the delivery of Business Plan projections and maintain the planning model to support financial forecasting and solvency estimates. Collaborate with senior stakeholders across various departments to perform ad hoc investigations and respond to shareholder queries.