Actuary - Financial Planning & Analytics

PIC; Greater 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) is seeking an actuarial professional to join the FP&A team in London. The role focuses on forecasts, business planning and performance monitoring, working closely with Finance, Origination, Investments and Risk to support decision making for policyholders and shareholders.

Recent or near-qualified actuaries with strong UK life insurance knowledge and strong communication skills are encouraged to apply. A competitive package and benefits are offered.

Qualifications

• Qualified actuary or near-qualified with UK life insurance experience preferred.
• Experience in business partnering or FP&A within a UK life insurer is desirable.
• Strong numeric and analytical abilities with financial reporting knowledge.

Responsibilities

• Support regular forecasts and business plan preparation for senior management and shareholders.
• Maintain weekly solvency monitoring tools and assist with plan projections.
• Handle ad-hoc queries and prepare first-draft responses for stakeholders.
• Develop learning and development in technical and non-technical skills.
• Support stress and scenario testing on balance sheet and projections.

Skills

Communication skills

Organizational skills

Influence & persuasion

Deadline management

Procedural compliance

Commercial judgement

Education

Recently/near-qualified actuary

Tools

MS Access

MS PowerPoint

MS Word

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

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.

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.