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- Tasks: Support financial reporting and analysis while rotating through various finance teams.
- Company: Join Pension Insurance Corporation, a leader in secure retirement incomes.
- Benefits: Enjoy competitive salary, private medical insurance, and 28 days' annual leave.
- Other info: Embrace diversity and grow in a supportive, innovative environment.
- Why this job: Gain hands-on experience and work towards your actuarial qualification with full study support.
- Qualifications: Progress through FIA exams and previous actuarial experience is preferred.
The predicted salary is between 30000 - 40000 ÂŁ per year.
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 Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
As an Actuarial Analyst, you will be provided with opportunities to explore the business by working in various teams within PIC’s Finance department through our rotation programme. You will also be supported to continue to gain your professional actuarial qualification with the Institute and Faculty of Actuaries (IFoA). You will start your rotation within the Actuarial Reporting team and will then gain experience across various other Finance teams.
Specific accountabilities assigned to the role of Actuarial Analyst within the Actuarial Reporting team function within the Finance department:
- Support the preparation of internal monthly reporting and analysis, including information for year-end and half-year reports
- Support the preparation of information for use in hedging, forecasting and planning
- Identify and support the implementation of improvements to the reporting processes
- Ensure controls and reviews are followed, following up with senior team members if there are any issues
- Ensure documentation is kept up to date
- Support the Head of Actuarial Reporting in other ad hoc actuarial investigations and other projects as they arise
Teams through which you may rotate following your time in the Actuarial Reporting team include: Automation & Insight, Capital, MA and Investment Business Partnering, Stress and Scenario Testing, Actuarial Modelling & Data, Financial Planning and Analysis and Origination Business Partnering.
Experience:
- Demonstrated progress through the FIA examinations with the intention to qualify as a Fellow of the IFoA
- Previous actuarial experience gained whilst working within a professional environment e.g. insurer, consultancy
Knowledge:
- Some technical knowledge of financial reporting in a UK life insurance environment is desirable
- Knowledge of UK DB pensions and/or bulk annuities and familiarity with actuarial modelling software e.g. RAFM are desirable
Skills:
- Strong numerical and analytical skills, particularly analysis and investigation of financial results from actuarial models
- Good organisational skills to prioritise work to meet deadlines
- Good communication skills, particularly the ability to convey messages behind financial impacts to senior actuaries
- Strong understanding and competence of using MS Excel
- Ability to work within defined procedures as recommended by functional teams
Desirable:
- Good working knowledge of MS PowerPoint, MS Word, etc.
- Ability to persuade and influence both directly and indirectly and commercial judgement
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. You will also have full study support to qualify as a Fellow of the Institute and Faculty of Actuaries.
Actuarial Analyst employer: Pension Corporation
Contact Detail:
Pension Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Pension Insurance Corporation on LinkedIn. A friendly chat can give us insights into the company culture and maybe even a referral!
✨Tip Number 2
Prepare for those interviews! Brush up on your technical knowledge of financial reporting and UK pensions. We want to show that we’re not just numbers people, but also great communicators who can explain complex ideas clearly.
✨Tip Number 3
Show off your analytical skills! During interviews, be ready to discuss how you’ve tackled challenges in previous roles. We love hearing about real-life examples where you’ve made an impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining our team at PIC.
We think you need these skills to ace Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight your actuarial experience, especially any progress through the FIA examinations. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working at PIC and how you embody our values of being Resilient, Adaptable, and Loyal. Let us know what makes you tick!
Showcase Your Skills: Don’t forget to showcase your numerical and analytical skills in your application. Mention any experience with financial reporting or actuarial modelling software, as these are key for the role. We love seeing those skills in action!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re keen on joining our team at PIC!
How to prepare for a job interview at Pension Corporation
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with a lot of numerical data. Brush up on your analytical skills and be prepared to discuss how you've used them in previous roles. Be ready to explain your thought process when analysing financial results from actuarial models.
✨Understand the Business
Familiarise yourself with Pension Insurance Corporation's mission and values. Understand the importance of risk management and asset liability management in the context of pension schemes. This will show your genuine interest in the company and its operations.
✨Prepare for Technical Questions
Expect questions related to financial reporting, UK DB pensions, and actuarial modelling software like RAFM. Brush up on these topics and think of examples from your experience that demonstrate your knowledge and skills in these areas.
✨Showcase Your Communication Skills
You'll need to convey complex financial impacts to senior actuaries. Practice explaining technical concepts in simple terms. During the interview, focus on clear and concise communication to demonstrate your ability to engage with different stakeholders effectively.