Actuarial Developer - 12 month fixed term contract

PiC; Greater London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

28 days' annual leave

Generous pension scheme

Travel Insurance

Critical Illness Insurance

Life Assurance

Income Protection

Annual performance-related bonus

Job summary

Pension Insurance Corporation’s Automation & Insights team seeks an individual with an actuarial background and strong software development capability to design, develop and support technical solutions across Finance. You will work with Finance and IT to identify automation opportunities and drive solutions through the full development lifecycle, including BAU support.

The role emphasizes actuarial and finance process automation within a regulated environment, with opportunities to embed

Qualifications

• Experience in Python development and testing of code-based solutions.
• Experience automating complex Finance or quantitative processes.
• Knowledge of UK Life Insurance Solvency and IFRS 17.
• Familiarity with regulatory framework (FCA & PRA).
• CI/CD, version control, packaging and cloud deployment knowledge desirable.

Responsibilities

• Develop end-to-end automation of Finance and actuarial processes, identifying opportunities to improve efficiency and capability.
• Design and develop technical solutions with SMEs using appropriate technologies and quantitative techniques.
• Build, test and review solutions to a high standard, ensuring accuracy and quality.
• Manage solutions through implementation and into BAU, including user demos and governance requirements.
• Maintain and enhance existing solutions, resolving issues and adding features or bug fixes.
• Collaborate across Finance and IT to deliver meaningful improvements.

Skills

Python development

Software engineering

CI/CD

Version control

Cloud deployment

Education

Actuary (part-qualified/qualified)

Tools

Git

CI/CD tools

Cloud platforms

Job description

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.

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

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.