Financial Planning & Analysis Actuary

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.

We are going through a period of growth and change across our business, which provides significant opportunity individuals who join us. A newly created vacancy has arisen within our FP&A department, which sits in our wider Finance function. The key accountabilities and responsibilities of our FP&A department include business planning, in-year forecasting, competitor analysis, supporting business performance management and providing insight for Remuneration Committee.

We are recruiting for a qualified actuary whose role will aim to ensure that FP&A delivers relevant and timely insight to Finance / ExCo / Board to support effective decision making.

Specific accountabilities assigned to the role of Actuary within the FP&A team:

• Assist the preparation of and the maintaining the weekly Solvency Monitoring tool
• 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
• Support analysis of competitors’ results, delivering components of analysis to senior members of the team as required
• 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

Requirements

Experience:

• Qualified actuary
• Desirable: experience in working in a commercially-minded FP&A team or business partnering function within a UK life insurance environment

Knowledge:

• Good technical knowledge of financial reporting in a UK life insurance environment
• Advanced knowledge of Excel, MS Powerpoint and Word
• Desirable: knowledge of UK DB pensions and/or bulk annuities and competence in use of actuarial modelling software, e.g. RAFM

Skills:

• Strong numerical and analytical skills. Ideally, analysis and investigation of financial results from actuarial models
• Strong communication skills; in particular, the ability to convey messages behind financial impacts
• Good commercial judgement
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams

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

• Intellectually curious – particularly around PIC business performance - with a willingness to learn about the business through own research and interaction with others.
• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function.
• Effective communicator – structures insights into clear, high-level 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), a generous pension scheme and much more.

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