Actuary - Financial Planning & Analytics

LGBT Great Careers; Greater London; Hybrid; GBP 80,000 - 120,000; 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 Actuary to join the Financial Planning & Analysis function within the Finance department. The role collaborates across Finance, Origination, Investments, Risk and other teams to apply FP&A insights for policyholders and shareholders.

Key duties involve forecasting, business planning, stress testing, and responding to shareholder queries while developing technical and non-technical skills.

Qualifications

• Recently (or nearly) qualified actuary.
• Desirable: FP&A experience in UK life insurance.
• Strong knowledge of UK life insurance financial reporting.
• Desirable: knowledge of UK DB pensions & bulk annuities; RAFM modelling.
• Excellent data analysis, judgement and communication abilities.

Responsibilities

• Prepare regular forecasts and business plans for senior management and shareholders.
• Maintain the weekly Solvency Monitoring tool.
• Assist with PIC’s Business Plan projections with the team.
• Respond to ad‑hoc stakeholder queries with analysis and first drafts.
• Drive learning and development in technical and non‑technical areas.
• Support Stress and Scenario Testing on balance sheet and projections.

Skills

Forecasting

Stakeholder management

Communication

Learning & development

Analytical thinking

Organisational skills

Persuasion

Workload management

MS Access

MS PowerPoint

MS Word

MS Excel

Education

Actuary qualification (recently or nearly)

Tools

RAFM

MS Excel

MS PowerPoint

MS Word

MS Access

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.