Actuary - Financial Planning & Analytics

PIC; City Of London; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

28 days annual leave

Generous pension scheme

Job summary

Pension Insurance Corporation (PIC) in London is seeking an Actuary to join the FP&A function within Finance. The role requires collaboration with Finance, Origination, Investments, Risk and other departments, applying FP&A knowledge to benefit policyholders and shareholders.

The successful candidate will support forecasts, business plan projections, respond to ad-hoc queries, and develop skills in data analysis and relationship management while advancing balance sheet stress testing.

Qualifications

• Recently (or nearly) qualified actuary with UK life insurance exposure.
• Experience in business partnering or FP&A within a UK life insurer is desirable.
• Knowledge of UK financial reporting for life insurers.
• Desirable: knowledge of UK DB pensions and/or bulk annuities.
• Desirable: proficiency with RAFM or similar modelling software.

Responsibilities

• Assist in regular forecasts and business plan, delivering drafts to senior management.
• Assist the preparation and maintenance of the weekly Solvency Monitoring tool.
• Support Business Plan projections with senior team.
• Respond to ad-hoc shareholder queries with analysis.
• Own learning and development in technical and non-technical skills.
• Support Stress and Scenario Testing on balance sheet and projections.

Skills

Organisational skills

Communication skills

Persuasion and influencing

Deadline management

Adherence to procedures

Commercial judgement

MS Access

MS PowerPoint

MS Word

Education

Actuary qualification in progress

Tools

RAFM

Job description

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.

PIC has a fantastic opportunity for an Actuary to join its Financial Planning & Analysis (FP&A) function within the Finance department. The function's aim is to delivery relevant and timely insight to Finance, ExCo and the Board to support effective decision making.

This role requires the ability to effectively collaborate with Finance, Origination, Investments, Risk, and other departments at PIC as well as to apply knowledge and insights concerning FP&A activities and how these impact our policyholders and shareholders.

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

• 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. Assist the preparation of and the maintaining the weekly Solvency Monitoring tool
• Support in preparation of PIC's Business Plan projections, working effectively with senior members of the team
• 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
• Support Stress and Scenario Testing, both on the balance sheet and Business Plan projections

Requirements

Experience:

• Recently (or nearly) qualified actuary
• Desirable: experience in working in a business partnering or FP&A function within a UK life insurance environment

Knowledge:

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

Skills:

• Strong organisational skills
• Strong communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Commercial judgement
• Good working knowledge of MS Access, MS PowerPoint, MS Word

DEI 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 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.