Actuarial Analyst

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 Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC has a superb opportunity for an Actuarial Analyst to join its Actuarial Reporting team within its Finance department.

As an Actuarial Analyst, you will be provided with opportunities to explore the business by working in various teams within our Finance department through our rotation programme over the course of your career with PIC. These teams include Automation & Insight, Capital, Assumptions, Actuarial Modelling and Data, Financial Planning and Analysis, Stress and Scenario Testing, and Business Partnering.

You will also be supported to gain your professional actuarial qualification with the Institute and Faculty of Actuaries (IFoA).

You will start your rotation in the Actuarial Reporting team. This team ensures that the monthly and semi-annual actuarial reporting is prepared in a timely and accurate manner and that these are appropriately analysed, explained, and communicated both within PIC, and externally. The team also provides support for ad hoc actuarial investigations and projects as necessary.

Specific accountabilities assigned to the role of Actuarial Analyst within the Finance function's Actuarial Reporting team:

• Support the preparation of internal monthly reporting and analysis, including information for year-end and half-year reports
• Support the preparation of information for use in hedging, forecasting and planning
• Identify and support the implementation of improvements to the reporting processes
• Ensure controls and reviews are followed, following up with senior team members if there are any issues
• Ensure documentation is kept up to date
• Support the Head of Actuarial Reporting in other ad hoc actuarial investigations and other projects as they arise

Requirements

Experience:

• Intention to study and qualify as a Fellow of the IFoA or some early progression with actuarial qualification
• Some exposure to work in a professional environment is desirable

Knowledge:

• Some technical knowledge of financial reporting in a UK life insurance environment and of UK DB pensions and/or bulk annuities is desirable
• Familiarity with actuarial modelling software e.g. RAFM

Skills:

• Strong numerical and analytical skills, particularly analysis and investigation of financial results from actuarial models
• Good organisational skills to prioritise work to meet deadlines
• Good communication skills. In particular, the ability to convey messages behind financial impacts to senior actuaries
• Strong understanding and competence of using MS Excel
• Ability to work within defined procedures as recommended by functional teams
• Good working knowledge of MS PowerPoint, MS Word, etc. is desirable
• Ability to persuade and influence both directly and indirectly and commercial judgement

Desirable personal attributes aligned to what success looks like in the role:

• Intellectually curious with a willingness to learn through own research.
• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function.
• Effective communicator – structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies.
• Innovative thinker – positive attitude to change and a willingness to embrace new ideas and techniques to improve performance.

Benefits

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), study support with qualifications, a generous pension scheme and much more.