At a Glance
- Tasks: Join the Actuarial Risk team to develop funding risk models and analysis.
- Company: LPPI, a leader in pension fund management with a focus on innovation.
- Benefits: Competitive salary, flexible working arrangements, and opportunities for professional growth.
- Other info: Dynamic team environment with support for personal development and career progression.
- Why this job: Make a real impact in the pensions industry while enhancing your analytical skills.
- Qualifications: Degree in Mathematics/Finance/Actuarial Science and experience in the pensions industry.
The predicted salary is between 40000 - 50000 € per year.
LPPI is seeking an Associate to work within the Actuarial Risk team. They will bring their modelling skills and knowledge of the wider pensions marketplace to support and enhance the existing capabilities of the funding and contribution risk oversight LPPI provides. LPPI requires that the individual has at least two years of experience in a similar role, has strong modelling and analytical skills, an interest in and understanding of pensions and investment, and good communication skills. They will deliver and develop funding and contribution risk modelling, analysis and reporting for LPPI’s LGPS Partner Funds and stakeholders. This will include the development and monitoring of Partner Fund risk appetite statements, risk management, the oversight of the long-term funding strategy, and maintaining the team’s ALM software.
Key Responsibilities
- Work within the Actuarial and Funding Risk Team.
- Deliver and develop actuarial and funding risk modelling, analysis and reporting for LPPI’s Partner Funds and stakeholders.
- Preparation of funding (asset and liability) risk modelling, using ALM software, covering analysis and oversight of long-term Partner Fund funding and contribution strategy.
- Prepare funding risk reporting before it is issued for checking and review.
- Maintain and enhance funding risk data, models and reporting processes and infrastructure.
- Support development and monitoring of Partner Fund risk appetite statements.
- Provide support to the wider risk, client management and investment strategy teams.
- Provide support to projects from a risk perspective, including climate risk scenario analysis.
- Assist with the preparation of regular reports as required to the CRO, Executive and the Board.
- Support the maintenance of appropriate policies and desk procedures.
- Keep up to date with relevant actuarial, regulatory and financial markets matters, in particular, LGPS regulations and developments.
- Conduct research of the wider pensions market and industry-level funding considerations, to provide perspective on risk and funding.
- Develop technical skills and knowledge in relation to the role and gain knowledge of systems and processes through application.
Requirements for the role
- At least a 2(i) degree in Mathematics/Finance/Actuarial Science/Sciences or equivalent.
- To have started the actuarial qualifications would be attractive but not essential.
- Demonstrable interest and experience in working in the DB pension fund industry.
- Experience within the pensions industry using asset liability modelling software.
- Knowledge of Ortec GLASS would be desirable but not essential.
- Good modelling and Excel skills.
- Some prior coding knowledge and experience in using PowerBI or Python would be attractive.
- Confident in answering queries, with the ability to explain technical issues in simplified terms.
- Ability to work under pressure to tight deadlines, prioritise work effectively and deliver work to a consistent standard of excellence.
- Change-orientated and commercially aware, with the ability to produce good quality reports and add tangible value to technical discussions.
- Well-developed numerical, analytical and report writing skills.
- Demonstrable lateral thinking, problem-solving, excellent communication skills and attention to detail.
- Adaptable and flexible, proactive, and self-motivated.
Reasonable adjustments will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.
Associate, Actuarial and Funding Risk Team in London employer: LPPI
LPPI is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the Actuarial and Funding Risk Team in London. Employees benefit from a supportive environment that encourages professional growth through continuous learning and development opportunities, while also being part of a mission-driven organisation that plays a crucial role in managing pension funds for local government partners. With a focus on employee well-being and inclusivity, LPPI ensures that all team members can thrive and contribute meaningfully to the financial security of their communities.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, Actuarial and Funding Risk Team in London
✨Network Like a Pro
Get out there and connect with people in the pensions and actuarial space. Attend industry events, webinars, or even local meet-ups. We can’t stress enough how valuable personal connections can be when it comes to landing that dream job!
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your modelling skills and any relevant projects you've worked on. We want to see your passion for the industry shine through, so make sure to highlight your analytical prowess and experience with ALM software.
✨Prepare for the Interview
Do your homework before the interview! Understand LPPI’s values and the specifics of the Actuarial and Funding Risk Team. We recommend preparing some questions about their risk management strategies and how they approach funding challenges. This shows you’re genuinely interested and ready to contribute.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s get you on board!
We think you need these skills to ace Associate, Actuarial and Funding Risk Team in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Associate role in the Actuarial and Funding Risk Team. Highlight your modelling skills, experience in the pensions industry, and any relevant software knowledge. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the pensions sector and how your skills can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Analytical Skills:Since this role involves a lot of analytical work, make sure to showcase your analytical skills in your application. Include examples of past projects or experiences where you’ve successfully used these skills, especially in risk modelling or reporting.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at LPPI
✨Know Your Numbers
Brush up on your modelling and analytical skills before the interview. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in relation to funding and contribution risk. This will show that you understand the technical aspects of the job.
✨Stay Current with Pensions Trends
Make sure you're up to date with the latest developments in the pensions marketplace, particularly around LGPS regulations. Being able to discuss recent changes or trends will demonstrate your genuine interest in the field and your proactive approach to staying informed.
✨Practice Simplifying Complex Concepts
Since good communication skills are key for this role, practice explaining complex actuarial concepts in simple terms. You might be asked to clarify technical issues during the interview, so being able to break things down will showcase your ability to communicate effectively with stakeholders.
✨Showcase Your Problem-Solving Skills
Prepare to discuss specific challenges you've faced in previous roles and how you approached solving them. Highlight your lateral thinking and adaptability, as these traits are essential for working under pressure and meeting tight deadlines in the Actuarial and Funding Risk Team.
