Head of Pension Funding & Actuarial Risk

Wollborg Michelson Personnel Service Inc; Wolverhampton; Hybrid; GBP 69,000 - 73,000; Full time

Benefits offered by this job

Hybrid work model

Induction & training

Study support & professional exams

Job summary

City of Wolverhampton Council is seeking a senior actuarial professional to lead funding and actuarial risk for the West Midlands Pension Fund. The role drives funding strategy, valuations, and governance, with responsibility for a specialist team and key stakeholder engagement.

The post offers a hybrid working pattern, competitive local authority pay grade (Grade 10) and extensive study and development opportunities within a large public sector organisation.

Qualifications

• A professional actuarial qualification (such as FIA/FFA) and a relevant degree, or substantial equivalent experience.
• Extensive experience leading funding strategies, actuarial analysis and risk management within a complex organisation.
• Strong leadership and people management skills, with experience developing high-performing teams.
• Excellent stakeholder management and communication skills, with the ability to explain complex technical information to a range of audiences.

Responsibilities

• Lead the development and delivery of the Fund's funding strategy and actuarial risk framework.
• Oversee triennial valuations, employer contribution modelling and covenant assessments.
• Manage and develop a high-performing specialist team, driving performance and continuous improvement.
• Provide expert advice and present technical reports to senior leadership, the Pensions Committee and Pension Board.
• Build strong relationships with employers, actuaries, advisers and external stakeholders, ensuring robust governance and regulatory compliance.

Skills

Leadership

Actuarial risk

Funding strategy

Stakeholder management

Valuation oversight

Education

FIA/FFA or equivalent actuarial qualification

Relevant degree

Job description

City of Wolverhampton Council is seeking a senior actuarial professional to lead funding and actuarial risk for the West Midlands Pension Fund. The role drives funding strategy, valuations, and governance, with responsibility for a specialist team and key stakeholder engagement.

The post offers a hybrid working pattern, competitive local authority pay grade (Grade 10) and extensive study and development opportunities within a large public sector organisation.