Actuarial Developer - 12 month fixed term contract

Pension Insurance Corporation plc; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Pension Insurance Corporation plc in the UK seeks an actuary with strong software development skills to design, develop and support automated solutions across Finance and Actuarial Finance. The role involves collaborating with Finance and IT stakeholders, identifying automation opportunities, and delivering end-to-end solutions through the full development lifecycle.

You will build and test solutions, ensure governance, and support BAU while enhancing existing tools.

Qualifications

• Strong Python development and software engineering skills for code-based automated solutions.
• Experience automating complex Finance or quantitative processes and embedding solutions into BAU.
• Knowledge of actuarial and Finance processes within UK Life Insurance, including Solvency and IFRS 17.

Responsibilities

• Develop end-to-end automation of key Finance and actuarial processes, identifying opportunities to improve efficiency and capability across Finance.
• Design and develop technical solutions in collaboration with subject matter experts using appropriate tech and quantitative methods.
• Build, test and review solutions to a high standard, ensuring accuracy and effective implementation.
• Manage solutions through implementation and into BAU, including user demonstrations and governance requirements.
• Maintain and enhance existing solutions, resolving issues and developing new features or fixes.
• Collaborate across Finance and IT to deliver improvements to business processes.

Skills

Python development

CI/CD

Version control

Cloud deployment

Education

Part-qualified or qualified Actuary

CQF or CFA

Tools

CI/CD pipelines

Cloud deployment tools

Job description

The Automation & Insights team delivers automated solutions that improve and streamline processes across Finance, with a particular focus on Actuarial Finance. We are seeking an individual with an actuarial background and strong software development capability to design, develop and support technical solutions that improve business processes across Finance. Working closely with stakeholders in Finance and IT, the role will cover the full development lifecycle, from identifying automation opportunities and developing and testing solutions through to implementation, BAU support and ongoing enhancement.

Key Responsibilities & Accountabilities

• Develop end-to-end automation of key Finance and actuarial processes, working with stakeholders to identify opportunities for improving efficiency and business capability across the Finance department.
• Design and develop technical solutions in collaboration with subject matter experts, using appropriate technologies and quantitative techniques to calculate, manipulate, extract and visualise data.
• Build, test and review solutions to a high standard, ensuring accuracy, quality and effective implementation.
• Manage solutions through implementation and into BAU, including user demonstrations, documentation and completion of relevant model risk and IT application governance requirements.
• Maintain and enhance existing solutions, resolving user issues, and developing new features or bug fixes within applications.
• Collaborate effectively across Finance and IT, building strong relationships with actuarial SMEs and technical specialists to deliver meaningful improvements to business processes.

Role purpose

The Automation & Insights team delivers automated solutions that improve and streamline processes across Finance, with a particular focus on Actuarial Finance. We are seeking an individual with an actuarial background and strong software development capability to design, develop and support technical solutions that improve business processes across Finance. Working closely with stakeholders in Finance and IT, the role will cover the full development lifecycle, from identifying automation opportunities and developing and testing solutions through to implementation, BAU support and ongoing enhancement.

Key Responsibilities & Accountabilities

• Develop end-to-end automation of key Finance and actuarial processes, working with stakeholders to identify opportunities for improving efficiency and business capability across the Finance department.
• Design and develop technical solutions in collaboration with subject matter experts, using appropriate technologies and quantitative techniques to calculate, manipulate, extract and visualise data.
• Build, test and review solutions to a high standard, ensuring accuracy, quality and effective implementation.
• Manage solutions through implementation and into BAU, including user demonstrations, documentation and completion of relevant model risk and IT application governance requirements.
• Maintain and enhance existing solutions, resolving user issues, and developing new features or bug fixes within applications.
• Collaborate effectively across Finance and IT, building strong relationships with actuarial SMEs and technical specialists to deliver meaningful improvements to business processes.

Requirements

Key skills and experience

PIC operates within the financial services industry and, therefore, is regulated by the FCA and the PRA. We would expect you to be able to demonstrate a good understanding of the regulatory framework and how it applies to the company.

Technical Attributes

• Strong Python development and software engineering skills, with experience designing, developing and testing code-based solutions.
• Experience automating complex Finance or quantitative processes and successfully embedding solutions into BAU.
• Strong understanding of actuarial and Finance processes within UK Life Insurance, including Solvency and IFRS 17.
• Knowledge of quantitative modelling methodologies used within the insurance industry.
• Knowledge of modern development practices, including CI/CD, version control, package management and cloud deployment, is desirable.
• Part-qualified or qualified Actuary preferred, although relevant Finance or quantitative qualifications such as CQF or CFA will also be considered.

Personal Attributes

• Strong stakeholder management and collaboration skills, with the ability to build effective relationships across Finance, Actuarial and IT.
• Ability to understand complex business requirements and translate them into practical technical solutions.
• Strong analytical and problem-solving capability, with a structured approach to identifying and resolving issues.
• Strong organisation and prioritisation skills, with the ability to manage development activities and timelines effectively. Excellent communication skills, with the ability to explain technical concepts clearly to both Finance SMEs and IT technical specialists.

DE&I at PIC

At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.

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'll have access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection, and much more.