Senior Actuary

DescriptionPension 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 neededMaintain the Business Planning model, proactively identifying and implementing improvements to the model and methodology as appropriateWork 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 capabilityLead response to shareholder/stakeholder queries, performing analysis and preparing responsesLead / provide support to Head of Forecasting & Planning, Director of Financial Planning & Analysis), CFO and others in ad hoc investigations / projects as they ariseTakes 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) skillsKeeps 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 articlesRequirementsExperience:A qualified actuary with the Institute and Faculty of ActuariesExperience in developing relationships across multiple, different discipline teamsExperience of conducting financial / data analysis and reporting on that workKnowledge:Good technical knowledge of the UK Solvency regime, PRT business, with experience of Business Planning and Financial analysis and a commercial mindsetEstablished knowledge of actuarial modelling and analysis techniques, as applied to UK life insurersExperience in Financial Planning & Analysis (FP&A) and/or reporting covering SII, SII surplus and IFRSSkills:Strong organisational skills, with ability to organize work to meet deadlinesStrong written and verbal communication skillsAbility to persuade and influence both directly and indirectlyAbility to succinctly articulate key points from financial / data analysis to a range of audiencesExcellent 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 instrumentsProficient user of Excel, Word and PowerPointHigh‑level understanding of actuarial modelling and systems developmentExperience in team developmentDEI at PICAt 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.BenefitsIn 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.Job SummaryID: 3AA6092025Department: Financial Planning & AnalysisType: full time