At a Glance
- Tasks: Support financial planning and analysis to ensure secure retirement incomes.
- Company: Join Pension Insurance Corporation, a leader in risk management and customer service.
- Benefits: Enjoy competitive salary, private medical insurance, 28 days' leave, and a generous pension scheme.
- Other info: Diverse and inclusive workplace committed to your growth and success.
- Why this job: Make a real impact on the financial futures of policyholders while developing your skills.
- Qualifications: Recently qualified actuary with strong analytical and communication skills.
The predicted salary is between 50000 - 70000 £ 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. PIC has a fantastic opportunity for an Actuary to join its Financial Planning & Analysis (FP&A) function within the Finance department. The function's aim is to deliver relevant and timely insight to Finance, ExCo and the Board to support effective decision making.
This role requires the ability to effectively collaborate with Finance, Origination, Investments, Risk, and other departments at PIC as well as to apply knowledge and insights concerning FP&A activities and how these impact our policyholders and shareholders.
Specific accountabilities assigned to the role of Actuary within FP&A:
- Support in the preparation of regular forecasts and business plan for PIC’s senior management and shareholders, delivering draft forecasts to senior members of the team.
- Assist the preparation of and maintaining the weekly Solvency Monitoring tool.
- Support in preparation of PIC’s Business Plan projections, working effectively with senior members of the team.
- Support addressing of ad-hoc queries from shareholders and other key stakeholders, performing analysis and preparing first drafts of responses.
- 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.
- Support Stress and Scenario Testing, both on the balance sheet and Business Plan projections.
Experience:
- Recently (or nearly) qualified actuary.
- Desirable: experience in working in a business partnering or FP&A function within a UK life insurance environment.
Knowledge:
- Good technical knowledge of financial reporting in a UK life insurance environment.
- Desirable: knowledge of UK DB pensions and/or bulk annuities.
- Desirable: Competence in use of actuarial modelling software, e.g. RAFM.
Skills:
- Strong organisational skills.
- Strong communication skills.
- Ability to persuade and influence both directly and indirectly.
- Ability to organize work to meet deadlines.
- Ability to work within defined procedures as recommended by functional teams.
- Commercial judgement.
- Good working knowledge of MS Access, MS PowerPoint, MS Word.
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.
Actuary employer: Pension Insurance Corporation
Pension Insurance Corporation (PIC) is an excellent employer, offering a dynamic work environment in the heart of London where collaboration and innovation thrive. Employees benefit from a strong focus on professional development, with opportunities to enhance their skills and advance their careers within the finance sector. The supportive culture fosters teamwork across departments, ensuring that every actuary contributes meaningfully to the company's mission while enjoying a rewarding work-life balance.
Contact Details:
Pension Insurance Corporation Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuary
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Pension Insurance Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Actuary
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Pension Insurance Corporation.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Pension Insurance Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Pension Insurance Corporation
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Pension Insurance Corporation.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Pension Insurance Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Pension Insurance Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
