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- Tasks: Join our FP&A team to deliver insights for effective decision-making.
- Company: Pension Insurance Corporation secures retirement incomes with a focus on risk management and customer service.
- Benefits: Enjoy 28 days annual leave, a generous pension scheme, and more perks.
- Why this job: Be part of a resilient and adaptable culture while making a positive impact on policyholders.
- Qualifications: Qualified actuary with strong organisational and communication skills required.
- Other info: This is a 12-month Fixed Term Contract with opportunities for personal development.
The predicted salary is between 36000 - 60000 £ per year.
Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management, asset and liability management, and exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve this by setting strategic objectives and fostering a culture based on our PIC Values: Resilient, Adaptable, and Loyal. We have a fantastic opportunity for an Actuary to join our Financial Planning & Analysis (FP&A) team within the Finance department on a 12-month Fixed Term Contract. The role aims to ensure FP&A delivers relevant and timely insights to support effective decision-making for Finance, ExCo, and the Board. The position requires effective collaboration with Finance, Origination, Investments, and Risk teams. You will apply your knowledge of FP&A activities and their impact on policyholders and shareholders, contributing to positive outcomes related to capital, profitability, brand, and market reputation. Our Company values should be reflected in your performance and delivery in this role.
Key Responsibilities:
- Assist in preparing and maintaining the weekly Solvency Monitoring tool.
- Support the preparation of forecasts and business plans for senior management and shareholders, including delivering draft forecasts.
- Analyze competitors' results and deliver analysis components to senior team members.
- Respond to ad-hoc queries from shareholders and stakeholders with analysis and draft responses.
- Take ownership of your own learning and development in technical and non-technical skills.
Requirements:
Experience:
- Qualified actuary.
- Desirable: Experience in a commercially-minded FP&A team or business partnering within a UK life insurance environment.
Skills:
- Strong organizational and communication skills.
- Persuasion and influence skills.
- Ability to meet deadlines and work within procedures.
- Commercial judgment.
- Proficiency in MS Access, PowerPoint, and Word.
Knowledge:
- Good technical knowledge of financial reporting in UK life insurance.
- Desirable: Knowledge of UK DB pensions and/or bulk annuities.
- Desirable: Competence in actuarial software such as RAFM.
Personal Attributes:
- Curious and eager to learn.
- Strong problem-solving and consultative questioning skills.
- Effective communication skills.
- Innovative mindset and positive attitude towards change.
Benefits:
Along with a competitive salary, enjoy benefits such as 28 days of annual leave (excluding bank holidays), a generous pension scheme, and more.
Actuary employer: Pension Insurance Corporation plc
Contact Detail:
Pension Insurance Corporation plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience in FP&A within the UK life insurance sector. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Pension Insurance Corporation.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in the UK life insurance market, particularly around DB pensions and bulk annuities. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 3
Prepare to discuss how your previous experiences align with the key responsibilities of the role, such as preparing forecasts and conducting competitor analysis. Use specific examples that showcase your analytical skills and ability to deliver insights.
✨Tip Number 4
Showcase your proficiency in MS Access, PowerPoint, and Word during discussions. Be ready to explain how you've used these tools in past roles to support financial planning and analysis, as this will highlight your technical capabilities relevant to the position.
We think you need these skills to ace Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Actuary position at Pension Insurance Corporation. Tailor your application to highlight how your skills and experiences align with their needs.
Highlight Relevant Experience: In your CV and cover letter, emphasise your qualifications as a qualified actuary and any experience you have in FP&A or UK life insurance. Use specific examples to demonstrate your analytical skills and ability to support decision-making.
Showcase Your Skills: Make sure to mention your strong organisational and communication skills, as well as your proficiency in MS Access, PowerPoint, and Word. If you have experience with actuarial software like RAFM, be sure to include that too.
Reflect Company Values: Pension Insurance Corporation values resilience, adaptability, and loyalty. In your application, illustrate how you embody these values through your past experiences and how you plan to contribute positively to their culture.
How to prepare for a job interview at Pension Insurance Corporation plc
✨Showcase Your Technical Knowledge
As a qualified actuary, it's crucial to demonstrate your understanding of financial reporting in the UK life insurance sector. Be prepared to discuss specific examples from your experience that highlight your technical skills and how they relate to the role.
✨Emphasise Collaboration Skills
This role requires effective collaboration with various teams. Share examples of past experiences where you successfully worked with finance, investments, or risk teams. Highlight your ability to communicate complex information clearly and persuasively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and commercial judgment. Prepare to discuss how you would approach specific scenarios related to FP&A activities, such as preparing forecasts or responding to stakeholder queries.
✨Align with Company Values
Familiarise yourself with Pension Insurance Corporation's values: Resilient, Adaptable, and Loyal. During the interview, reflect these values in your responses and demonstrate how you embody them in your work ethic and decision-making.
