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EXCLUSIVE: In-House Pensions Policy Actuary

Date Posted
7th February 2020
Job Type
£ excellent package

Job Description

Star Actuarial Futures are pleased to be bringing this role to market exclusively on behalf of RPMI Railpen, the asset manager for the £30 billion railways pension schemes. The railways pension schemes have over 350,000 members who are connected to the railways industry. There are over 100 actuarially independent sections and over 150 sponsoring private and public sector employers.

We are seeking a qualified pensions actuary with excellent communication, negotiation and inter-personal skills to join the Pensions Policy team. With detailed knowledge of pensions legislation and defined benefit arrangements, you will also possess experience of dealing with senior lawyers, actuaries, covenant advisors, trustees and employers at board level.

The Pensions Policy team sits alongside the Employer Covenant team within the Integrated Funding team which will expand this year to deliver a client asset liability modelling function. The Pensions Policy team will play a key role in the assimilation of the new function.

Key responsibilities include:

  • Taking the lead on policy relating to particular clients, having responsibility for reporting to the Trustee Board and the Trustee’s Integrated Funding Committee on these clients and engaging with the Chairs as necessary.
  • Providing actuarial pensions consultancy services to the Trustee, employers and Pensions Committees (local trustees), covering results of actuarial valuations; addressing shortfalls or surpluses; changing contribution rate patterns; and changes in benefits.
  • Providing benefit design pensions consultancy services to the stakeholders above.
  • Developing integrated funding solutions covering contributions, benefits, investments and covenant support in conjunction with experienced specialists and external professional advisors.
  • Providing investment strategy pensions consultancy services as part of integrated funding solutions.
  • Liaising with governmental bodies, principally the Department for Transport, on pension matters affecting the railways schemes.
  • Liaising with the Pensions Regulator on scheme funding matters as appropriate.

Key Requirements:

  • Pensions industry expert and senior actuary covering both DB and DC arrangements with significant client-facing consultancy experience at Board level.
  • Ability to operate at senior levels across a range of disciplines, including: the railway industry; Government; the Pensions Regulator; and professional advisors.
  • Excellent analytical, investigative and influencing skills.

To apply or request further information contact Adam Goodwin of Star Actuarial Futures.

Adam Goodwin, Associate Director

M: +44 (0)7584 357590