Actuarial Analyst

Pension Insurance Corporation ("PIC") is recruiting for an Actuarial Analyst in a newly created role.

We are looking for a student actuary with demonstrated progress through the IFoA examinations who will be provided with opportunities to explore the business by working in various teams within PIC's Finance department through our rotation programme, qualifying as an actuary with us.

You will start your rotation in the Actuarial Reporting team and will then gain experience across various other Finance teams including Automation & Insight, Finance Actuarial and Capital, Actuarial Modelling and Data, Business Planning and Forecasting and Business Partnering.

PIC's Actuarial Reporting 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. Your role will entail:

• 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
  
  

At PIC, we are going through an extended period of growth and change across our business, which in turn provides significant opportunity for you in this role; significant investment is being made by the business into Finance function system capabilities, in particular, enhanced actuarial systems and automation tools.

As Actuarial Analyst, you will have the opportunity to implement these cutting-edge initiatives that will change how the Actuarial Reporting team works. This also expected to identify ideas on an ongoing basis for improving business performance and processes and adding value.

Requirements

Essential:

• Strong numerical and analytical skills, in particular, analysis and investigation of financial results from actuarial models
• Good communication skills, in particular, the ability to convey messages behind financial impacts to senior actuaries and other management
• Excel skills to advanced level
  
  
  

Desirable:

• Financial reporting knowledge in a UK life insurance environment
• Knowledge of UK DB pensions and/or bulk annuities
• Competence in use of actuarial modelling software, e.g. RAFM
• Competence in Word, PowerPoint, etc
• Management of complex processes, ensuring that outcomes are correct and timely
  
  
  

Benefits

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. At yearend 2022, PIC had insured 302,200 pension scheme members and had £41 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of UK defined benefit pension schemes.

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'll get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, support to undertake professional qualifications and much more.

This role offers hybrid working and you will also be supported to gain your professional actuarial qualification with the Institute and Faculty of Actuaries ("IFoA").