Senior 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.

PIC is recruiting for a Senior Actuary to join its Financial Planning & Analysis department. This is a fantastic opportunity to lead delivery of Business Plan projections and maintain the planning model whilst continuously improving methodology and supporting wider Financial Planning & Analysis deliverables as required including forecasts, solvency estimates and ad hoc queries from senior stakeholders.

• Lead delivery of PIC's Business Plan projections, working effectively with key contributors in Origination, Investments, Strategy, Finance and Risk, and facing off to senior contributors in these areas as needed.
• Maintain the Business Planning model, proactively identifying and implementing improvements to the model and methodology as appropriate.
• Work with other senior team members to deliver/support PIC's weekly solvency estimates and regular forecasts if required, reconciling and explaining variances against month end financial results and using insights to strengthen forecasting capability.
• Lead response to shareholder/stakeholder queries, performing analysis and preparing responses.
• Lead / provide support to Head of Forecasting & Planning, Director of Financial Planning & Analysis, CFO and others in ad hoc investigations / projects as they arise.
• 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.
• Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, and best practices by attending industry seminars, reading and sharing relevant published articles.

• A qualified actuary with the Institute and Faculty of Actuaries.
• Experience in developing relationships across multiple, different discipline teams.
• Experience of conducting financial / data analysis and reporting on that work.

• Good technical knowledge of the UK Solvency regime, PRT business, with experience of Business Planning and Financial analysis and a commercial mindset.
• Established knowledge of actuarial modelling and analysis techniques, as applied to UK life insurers.
• Experience in Financial Planning & Analysis (FP&A) and/or reporting covering SII, SII surplus and IFRS.

• Strong organisational skills, with ability to organize work to meet deadlines.
• Strong written and verbal communication skills.
• Ability to persuade and influence both directly and indirectly.
• Ability to succinctly articulate key points from financial / data analysis to a range of audiences.
• Excellent numerical and analytical skills and good working knowledge of MS Excel, MS PowerPoint, MS Word.
• Good understanding of Asset Liability Management (ALM) and hedging instruments.
• Proficient user of Excel, Word and PowerPoint.
• High‑level understanding of actuarial modelling and systems development.
• Experience in team development.

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.