Lead Specialist Actuarial Modeller
Lead Specialist Actuarial Modeller

Lead Specialist Actuarial Modeller

Full-Time 56969 - 80000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a team of actuaries, providing expert modelling advice and ensuring high-quality outputs.
  • Company: Join The Pensions Regulator, safeguarding over £2trn in retirement savings for millions.
  • Benefits: Enjoy flexible working, 25 days annual leave, and a top-notch pension scheme.
  • Why this job: Make a real impact on UK pensions while developing your leadership skills in a supportive environment.
  • Qualifications: Must be an IFoA member with strong actuarial and leadership experience in pensions.
  • Other info: Hybrid work model with 6 office days per month in Brighton.

The predicted salary is between 56969 - 80000 £ per year.

More than half the UK working population rely on The Pensions Regulator (TPR) to regulate their retirement savings. With a career at TPR, you’ll be joining an organisation that will impact on millions of lives for decades to come.

Everyone at TPR plays an important role in helping to keep more than £2trn of savings safe. We’re committed to bringing people into TPR who are ready to make a difference and put UK savers at the heart of what we do.

It is important to us that TPR remains a great place to work. We do all we can to help our people reach their full potential with learning, secondment, and development opportunities. We put our 900+ employees first, supporting flexible working and offer a diverse, lively, and inclusive environment.

We operate a hybrid working model, with regular attendance in our Brighton office to connect with colleagues across the business.

Are you an experienced actuarial or financial modelling professional with a passion for leadership and insight-driven decision-making? We’re looking for a dynamic individual to assist in the leadership of the modelling area for our Pensions Insights and Modelling (PIM) team. This is a role for someone who thrives on both technical excellence and leadership.

  • Provide expert actuarial and financial modelling advice to support regulatory objectives
  • Manage and develop a team of actuarial modellers within the Pension Insights and Modelling team
  • Lead the governance, design, maintenance, and operation of actuarial and financial models
  • Ensure all models meet government analytical and professional actuarial standards
  • Deliver high-quality, timely modelling outputs and analysis to support decision making across the organisation
  • Communicate complex modelling insights clearly to internal and external stakeholders
  • Contribute to the development of policy and regulatory positions through modelling and pension insights

As a Principal modeller, you will:

  • Lead and manage a team of skilled modellers, providing mentoring, support, and regular performance feedback.
  • Oversee the day-to-day operations of the team, including work allocation, prioritisation, and cross-team collaboration.
  • Ensure all modelling outputs meet professional standards and are robust, accurate, and fit for purpose.
  • Take ownership of the modelling process, from data governance and assumption setting to model development and quality assurance.
  • Deliver outputs that inform key decisions across TPR, including policy development, and regulatory interventions.
  • Collaborate with data and digital teams to ensure our modelling and data infrastructure remains modern, efficient, and reliable.
  • Provide expert advice on model risk, data limitations, and actuarial methodologies, and propose solutions to mitigate these risks.
  • Support the Head of PIM and Lead Actuaries with strategic planning, budgeting, recruitment, and learning and development initiatives.
  • Represent the PIM team in external engagements with government partners, industry bodies, and academic institutions.
  • Drive knowledge sharing and training across the team, helping to build internal capability and maintain high professional standards.

Essential Criteria

  • Actuarial Expertise: Member of the Institute and Faculty of Actuaries (IFoA) with significant pensions and modelling experience, and an in-depth knowledge of the actuarial responsibilities and standards associated with the modelling of pension schemes and other financial markets.
  • Consulting & Leadership: Experience in a consulting environment, managing and training teams and delivering high-quality actuarial advice.
  • Technical Knowledge: Deep understanding of UK pensions, financial markets, actuarial modelling (DB & DC), and relevant legislation.
  • Communication: Excellent written and verbal skills; able to explain complex topics clearly.
  • Analytical Skills: Strong problem-solving ability, especially in model development and risk analysis.
  • Collaboration: Proven ability to work across disciplines (e.g., legal, investment, data).
  • IT Skills: Advanced Excel (including VBA); quick to learn new software.

Desirable Criteria

  • Fellow of the Institute and Faculty of Actuaries
  • Training & Representation: Experience presenting and representing organisations externally.
  • Policy & Innovation: Contributing to policy development and creating models for new legislation.
  • Emerging Risks: Ability to research and model emerging pension risks.

Person Specification

  • Leadership skills
  • Ability to prioritise and use initiative
  • Problem solving and analytical skills
  • Communication skills at all levels
  • Attention to detail and accuracy

Salary and Benefits

As well as a salary from £80,513, we offer:

  • Civil Service Pension arrangements, which are recognized as some of the best in the pensions world
  • Discretionary bonus arrangements
  • Access to performance related pay progression
  • 25 days annual leave provision
  • Flexible working arrangements
  • Development opportunities
  • Enhanced parental leave arrangements
  • A free employee assistance program
  • An excellent office location in Brighton

How to apply

To apply please email recruitmentteam@tpr.gov.uk quoting role reference number 229757 along with:

  • A covering letter with details of how your skills and experience meet the role requirements
  • A copy of your CV
  • Details of your notice period

Current TPR employees in their first 12 months of employment who want to apply for this vacancy should first contact their line manager to discuss their application.

We are an inclusive employer and offer equal opportunities regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex, and sexual orientation.

As a Disability Confident employer, we’re committed to the recruitment, employment, retention, and development of people with disabilities, and to improving their employment opportunities. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.

Applications will be considered on a part time and job share basis.

In accordance with Home Office guidance, the successful candidate will be required to provide their right to work in the UK before they start employment. Unfortunately, TPR is not able to offer sponsorship at the time. TPR is a UK-based organisation with a working location in Brighton, candidates must live in the UK to be employed by us.

The Pensions Regulator is an arm’s length government body and part of the public service. Any offer of employment will be subject to the receipt of satisfactory background screening checks and criminal record checks (BPSS).

Whilst it is our aim to respond to all applicants, if you have not heard from us within 21 days of the advert closing, please assume you have been unsuccessful on this occasion. Specific feedback will only be provided if you have attended an interview or assessment.

If you have any queries about this role, or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email recruitmentteam@tpr.gov.uk.

Lead Specialist Actuarial Modeller employer: The Pensions Regulator

At The Pensions Regulator (TPR), we pride ourselves on being an exceptional employer, offering a supportive and inclusive work environment in Brighton. With a strong commitment to employee development, flexible working arrangements, and a comprehensive benefits package, including a Civil Service Pension and enhanced parental leave, we empower our team to thrive while making a meaningful impact on the lives of millions of UK savers. Join us to be part of a dynamic organisation that values collaboration, innovation, and professional growth.
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Contact Detail:

The Pensions Regulator Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Lead Specialist Actuarial Modeller

✨Tip Number 1

Familiarise yourself with the latest trends and regulations in the UK pensions sector. Understanding the current landscape will not only help you in interviews but also demonstrate your commitment to staying informed and relevant in the field.

✨Tip Number 2

Network with professionals in the actuarial and pensions community. Attend industry events or webinars where you can meet potential colleagues or mentors who can provide insights into the role and the organisation, making you a more attractive candidate.

✨Tip Number 3

Prepare to discuss your leadership experiences in detail. Since this role involves managing a team, be ready to share specific examples of how you've successfully led teams, mentored others, and contributed to high-quality outputs in previous positions.

✨Tip Number 4

Brush up on your technical skills, especially in advanced Excel and VBA. Being able to demonstrate your proficiency in these areas during discussions can set you apart from other candidates and show that you're ready to hit the ground running.

We think you need these skills to ace Lead Specialist Actuarial Modeller

Actuarial Expertise
Leadership Skills
Consulting Experience
Technical Knowledge of UK Pensions
Financial Modelling Skills
Communication Skills
Analytical Skills
Collaboration Skills
Advanced Excel Skills (including VBA)
Problem-Solving Skills
Attention to Detail
Ability to Prioritise and Use Initiative
Experience in Model Development and Risk Analysis
Knowledge of Relevant Legislation
Experience in Training and Mentoring Teams

Some tips for your application 🫡

Tailor Your Cover Letter: Make sure your cover letter specifically addresses the requirements outlined in the job description. Highlight your actuarial expertise, leadership experience, and any relevant consulting background to demonstrate how you meet the essential criteria.

Showcase Your Technical Skills: In your CV, emphasise your technical knowledge of UK pensions and financial markets. Include specific examples of actuarial modelling projects you've worked on, particularly those that align with the responsibilities of the Lead Specialist Actuarial Modeller role.

Highlight Communication Abilities: Since excellent communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex topics to various stakeholders. This could include presentations, reports, or team collaborations.

Demonstrate Leadership Experience: Detail your experience in managing and developing teams within your application. Discuss how you've provided mentoring and support, as well as how you've overseen operations and ensured high-quality outputs in previous roles.

How to prepare for a job interview at The Pensions Regulator

✨Showcase Your Actuarial Expertise

Make sure to highlight your membership with the Institute and Faculty of Actuaries and your experience in pensions and modelling. Be prepared to discuss specific projects where you've applied your actuarial knowledge, as this will demonstrate your technical proficiency.

✨Demonstrate Leadership Skills

Since the role involves managing a team, share examples of how you've successfully led teams in the past. Discuss your approach to mentoring and providing feedback, as well as any strategies you've used to foster collaboration and high performance.

✨Communicate Complex Ideas Clearly

Practice explaining complex actuarial concepts in simple terms. During the interview, focus on your communication skills by breaking down intricate topics and ensuring that your explanations are accessible to non-experts.

✨Prepare for Technical Questions

Expect questions related to actuarial modelling, risk analysis, and UK pensions legislation. Brush up on your technical knowledge and be ready to discuss how you would approach specific modelling challenges or regulatory scenarios.

Lead Specialist Actuarial Modeller
The Pensions Regulator
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