Actuary

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. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC has a fantastic opportunity for an Actuary to join its Financial Planning & Analysis (FP&A) team within its Finance department on a 12 month Fixed Term Contract basis with the aim of ensuring FP&A delivers relevant and timely insight to Finance / ExCo / Board to support effective decision making.

The role requires the ability to effectively collaborate with Finance, Origination, Investments, Risk etc. You will further apply knowledge and insights concerning FP&A activities and how these impact our policyholders and shareholders, delivering strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders and shareholders on a consistent basis.

Our Company values are expected to be reflected in the delivery and performance of every role.

Specific accountabilities assigned to the role of Actuary within the FP&A team:

• Assist the preparation of and the maintaining the weekly Solvency Monitoring tool
• Support in the preparation of regular forecasts and business plan for PIC's senior management and shareholders, delivering draft forecasts to senior members of the team
• Support analysis of competitors' results, delivering components of analysis to senior members of the team as required
• Support addressing of ad-hoc queries from shareholders and other key stakeholders, performing analysis and preparing first drafts of responses
• 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.

Experience:

• Qualified actuary
• Desirable: experience in working in a commercially-minded FP&A team or business partnering function within a UK life insurance environment

Skills:

• Strong organisational skills and communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Commercial judgement
• Good working knowledge of MS Access, MS PowerPoint, MS Word

Knowledge:

• Good technical knowledge of financial reporting in a UK life insurance environment.
• Desirable: knowledge of UK DB pensions and/or bulk annuities.
• Desirable: Competence in use of actuarial modelling software, e.g. RAFM

Desirable personal attributes aligned to what success looks like in the role:

• Intellectually curious with a willingness to learn through own research.
• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function.
• Effective communicator - structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies.
• Innovative thinker - positive attitude to change and a willingness to embrace new ideas and techniques to improve performance.

In addition to a competitive base salary, you will get access to some great benefits, including 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.