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- Tasks: Lead the Matching Adjustment fund operations and collaborate with finance and investment teams.
- Company: Pension Insurance Corporation, dedicated to secure retirement incomes and exceptional customer service.
- Benefits: Competitive salary, private medical insurance, 28 days annual leave, and a generous pension scheme.
- Why this job: Make a real impact in the life insurance industry while driving strategic objectives.
- Qualifications: Experience in life insurance, strong communication skills, and ability to influence decisions.
- Other info: Join a dynamic team with opportunities for professional growth and development.
The predicted salary is between 43200 - 72000 £ 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.
At PIC, we have a unique opportunity for a leader to join our Capital Insight & Actuarial department as Head of MA and Investment Business Partnering. An effective communicator, an innovative thinker with intellectual curiosity and a strong problem-solver, you will collaborate effectively with PIC's Investments and Risk functions, as well as wider Finance functions, to ensure that PIC operates the MA fund in line with its MA permissions and PRA regulatory requirements, using insights and analysis to challenge and support investment decisions, in particular on hedging and liquidity.
- Own the process for submitting MA applications to the PRA with a view to having applications with a regular cadence. This includes ownership of meetings and drafting correspondence with the regulator on all MA related topics and taking applications through appropriate PIC governance.
- Ensuring that PIC operates the MA fund in line with its MA permissions and PRA regulatory requirements. This includes validation of new investment trades, production of monthly Test 3 results, calculation and monitoring of the PRA matching tests and owner of the MA fund management policy and custodian of the MA approach documentation.
- Ownership of the MA attestation policy, as well as processes and production of the annual attestation report for the CFO.
- Provide investment business partnering support for Finance. In addition to the MA responsibilities outlined above, this includes: Support to the Chief Actuary and CFO in reviewing liquidity and hedging proposals.
- Lead on relevant industry consultations or impact assessments.
- Review of investment committee papers (attend IC/Equity IC).
- Coordinate and be the lead team for the Capital Resources Committee.
- Coordinate responses to PRA and ABI on proposed changes to regulations.
- Lead a team of actuarial and other finance professionals.
- Keep informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to the role.
Experience
- Demonstrated relevant experience working in the life insurance industry.
- Experience in reviewing and challenging technical proposals.
- Experience drafting papers suitable for Board committees and regulators.
Knowledge
- In depth knowledge of the operation of Matching Adjustment funds ("MAF").
- Good technical knowledge of financial markets, DB pensions and bulk annuity markets.
- Good technical knowledge of different reporting measures.
- High level understanding of model and systems developments applied to actuarial issues.
Skills
- Strong organisational and strong communication skills.
- Ability to persuade and influence others, and to manage people and other resources effectively.
- Ability to organize work to meet deadlines.
- Ability to work within defined procedures as recommended by functional teams.
- Commercial judgement.
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.
Head of Matching Adjustment and Investment Business Partnering in London employer: Pension Corporation
Contact Detail:
Pension Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Matching Adjustment and Investment Business Partnering in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Pension Insurance Corporation. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company’s values and recent projects. Show us how your skills align with PIC's mission of providing secure retirement incomes and how you can contribute to their culture of resilience and adaptability.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience in the life insurance industry makes you the perfect fit for the Head of Matching Adjustment role. We want to hear about your problem-solving skills and innovative thinking.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re serious about joining the team at PIC.
We think you need these skills to ace Head of Matching Adjustment and Investment Business Partnering in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in the life insurance industry, especially around Matching Adjustment funds. We want to see how your skills align with our needs at PIC!
Showcase Your Communication Skills: As an effective communicator, it's crucial to demonstrate this in your written application. Use clear and concise language, and don't shy away from showcasing your ability to draft papers for Board committees and regulators.
Highlight Problem-Solving Abilities: We love innovative thinkers! In your application, share examples of how you've tackled complex problems in previous roles, particularly in investment decisions or regulatory compliance.
Apply Through Our Website: Don't forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity at PIC.
How to prepare for a job interview at Pension Corporation
✨Know Your Stuff
Make sure you have a solid understanding of Matching Adjustment funds and the regulatory landscape. Brush up on your knowledge of financial markets, DB pensions, and bulk annuity markets. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Communication Skills
As a Head of MA and Investment Business Partnering, effective communication is key. Prepare examples of how you've successfully communicated complex ideas to different stakeholders. Think about times when you’ve had to persuade or influence others, and be ready to share those stories.
✨Demonstrate Leadership Experience
You'll be leading a team, so it's crucial to highlight your leadership skills. Prepare to discuss your experience managing people and resources effectively. Share specific instances where you’ve led a project or initiative, and what the outcomes were.
✨Stay Current with Industry Trends
Keep yourself updated on the latest trends and regulatory changes in the life insurance industry. Be prepared to discuss how these developments could impact PIC and the role you're applying for. This shows that you're proactive and engaged with the industry.
