Actuarial Modeller

The Actuary; Brighton; Hybrid; GBP 55,000 - 85,000; Part time

Benefits offered by this job

Hybrid working

Flexible hours

Learning & development

Civil Service Pension

Job summary

The Pensions Regulator (TPR) in Brighton is seeking a Specialist Actuarial Modeller within the Pension Insights and Modelling (PIM) team. You will design, maintain and develop actuarial and financial models to inform decisions and support regulatory objectives, collaborating across the organisation and mentoring colleagues.

You will lead complex modelling efforts, ensure high-quality outputs, and contribute to governance and the development of assumptions.

Qualifications

• IFoA membership with pensions and modelling experience.
• Deep knowledge of pension funding methodologies and actuarial assumptions.
• Experience modelling pension schemes in practice.
• Knowledge of UK occupational pension scheme assets.
• Experience governance of large actuarial and financial data sets.
• Strong communication and ability to explain complex information clearly.
• Advanced Excel skills including VBA and willingness to learn new tools.

Responsibilities

• Design, maintain and develop actuarial and financial models for reporting, policy development and risk analysis.
• Oversee data governance and quality standards across modelling projects.
• Collaborate with technical specialists and mentor newer team members.
• Support development of actuarial assumptions and modelling approaches.

Skills

IFoA membership

Pensions modelling

Pensions funding methodologies

UK pension assets

Governance and data governance

Excel VBA

Programming tools

Education

Actuarial degree or professional qualification

Tools

Microsoft Excel

VBA

Job description

The role and responsibilities

As a Specialist Actuarial Modeller in the Pension Insights and Modelling (PIM) team, you will provide specialist actuarial and financial modelling that helps inform decisions and supports the delivery of The Pensions Regulator’s objectives. Working with colleagues across the organisation, you will design, maintain and develop actuarial and financial models, ensuring they produce reliable, high-quality outputs that can be used in reporting, policy development, casework and risk analysis. You will manage complex data and modelling processes, oversee governance and quality standards, and contribute to the development of actuarial assumptions and modelling approaches. The role requires close collaboration with technical specialists from a range of disciplines and offers opportunities to share expertise, support colleagues and mentor newer team members. Your work will help improve understanding of pension scheme funding, investment and risk, providing evidence and analysis that supports decision-making across the regulator. This is an opportunity to apply specialist actuarial and modelling expertise to work that contributes to effective regulation and better outcomes across the pensions landscape.

This role is ideal for someone who:

• Enjoys solving complex problems by combining technical expertise, data and analytical thinking.
• Likes working collaboratively with colleagues from different professional backgrounds.
• Takes a proactive approach to managing priorities and delivering work across multiple projects.
• Values continuous learning and is interested in developing new modelling and technology skills.
• Enjoys sharing knowledge, supporting colleagues and helping others develop their capability.

The role criteria

• Current or past IFoA membership with pensions and modelling experience, or able to demonstrate significant relevant pensions and modelling experience with breadth and depth of knowledge.
• Comprehensive knowledge of pension funding methodologies, financial markets, actuarial assumptions, and the factors affecting defined benefit and defined contribution pensions.
• Significant experience applying pensions, actuarial and modelling knowledge in the practical modelling of pension schemes.
• Good knowledge of UK occupational pension scheme investment asset classes and financial modelling of pension scheme assets.
• Experience of managing projects, prioritising competing demands and coordinating delivery to meet customer requirements and timescales.
• Experience of reviewing, managing and applying governance standards to large actuarial and financial data sets.
• Strong communication skills, including experience of presenting and explaining complex technical information in a clear and effective way.
• Excellent Microsoft Excel skills, including VBA programming, and the ability to learn and apply new software and programming tools for actuarial modelling.

The team

The Pensions Insights and Modelling team provides clear insight, expert advice and practical solutions to support TPR’s work in protecting savers. The team contributes to key areas including DB funding, the DB Funding Code, superfunds, CDC authorisation, DC value for money and climate-related risk. A dedicated modelling function uses data and analytics to identify emerging issues and help target regulatory action. Collaboration is central, with close working across TPR, industry specialists and other government bodies. The team maintains strong professional standards, shares knowledge widely and stays connected to developments across the pensions landscape to support effective decision‑making for colleagues and savers.

TPR offers:

• Genuine opportunities for learning and development.
• A values-led, inclusive environment.
• Hybrid working and flexible shift patterns.
• A vibrant workplace with employee networks (Disability, Family, LGBT+, Minority Ethnic, Mental Health, Women’s).

Reward and benefits

We offer 25 days annual leave plus bank holidays, a hybrid working model, 35 hour working week (full-time), flexible working patterns, and flexitime. We also provide competitive parental leave, as well as a Civil Service Pension with an average employer contribution of 28.97%. Our dedicated benefits portal (Edenred) offers retail, gym, tech and restaurant discounts, and a cycle to work scheme.

Our culture

TPR strives to be a high-performing organisation, and we prioritise our people’s growth and well-being. We offer various learning, secondment and development opportunities, support flexible working, and foster a diverse and inclusive environment.

Equality, diversity and inclusion is very important to us and we strive to make sure everyone has an equal opportunity to succeed. Our modern Brighton offices are in Telecom House overlooking Preston Park, they are over two floors of a shared building facility and when designed in 2023 we followed the government’s workplace design guide to ensure accessibility by design was achieved for our section.

We’re proud to have a range of networks and opportunities to bring people together with supportive and safe spaces to connect with one another.

About The Pensions Regulator

With a career at TPR, you’ll be joining an organisation with real purpose and who are proud of their diverse range of skills and experience that positively impact on millions of people. Everyone at TPR plays an important role in helping to keep more than £2trn of savings safe.

Our Corporate Strategy outlines a bold and challenging vision of how pensions regulation should continue to evolve to keep pace with a change in the scale and nature of the pensions landscape. We believe diversity and inclusion are vital to good decision-making for positive saver outcomes. We’re committed to creating a supportive, inclusive, and dynamic work environment where everyone can thrive; understanding the link between the work we do and its positive impact on society.

Applications

We welcome applications on a part time and job share basis.

Please note that TPR is unable to offer visa sponsorship. All applicants must already hold Right to Work in the UK for the duration of their employment.

Diversity and inclusion

TPR is committed to promoting diversity, inclusion and equality in the workplace, creating an environment where everyone is encouraged to be themselves, enabling our people to feel supported, represented and do their best work.

We encourage applicants from all backgrounds and with different identities and experiences to apply for roles with TPR.