Investment Analyst

PIC; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the pension insurance sector is seeking an Investment Analyst to support their Markets Solutions team. The successful candidate will be involved in managing investments, hedging strategies, and asset transfers while contributing to diverse analytical tasks in a dynamic environment. This role offers growth opportunities and a competitive benefits package.

Benefits

Private medical insurance

Study support

28 days' annual leave

Generous pension scheme

Qualifications

• On track for a CFA designation or similar professional qualification.
• Experience in implementing hedging strategies for pension funds or insurance companies.
• Experience in risk modelling associated with pension liabilities.

Responsibilities

• Conduct analysis and produce reports on asset-liability mismatches for new PRT transactions.
• Assist in structuring and modelling fixed income and derivatives portfolios.
• Collaborate with ALM, Origination, and Finance on pension liability transactions.

Skills

Organisational skills

Communication skills

Persuasion and influencing

Commercial judgement

Education

CFA designation or similar qualification

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. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC is recruiting for an Investment Analyst to its Markets Solutions team within the broader Investment department. You will support the team on new Pension Risk Transfer (PRT) transactions, particularly in modelling of assets, construction of Asset Locks and transition of investments from the Schemes assets to PIC’s desired investment portfolio. You will also assist in the management of the derivatives (including interest rate, inflation, FX and cross currency basis), government bond and liquidity cash-like portion of PIC’s portfolio.

Specific accountabilities assigned to the role of Investment Analyst within the Markets Solutions team:

• Conduct thorough analysis and produce comprehensive reports on asset and liability mismatches for new PRT transactions.
• Responsible for assisting hedging programmes and proposing Asset Locks for new PRT transactions.
• Prepare and present comprehensive and accurate management information reflective of the intended audience on hedging strategy for new PRT transactions.
• Responsible for assisting in structuring and modelling fixed income and derivatives portfolios.
• Responsible for assisting in the liquidity analysis of any new PRT transaction.
• Effectively collaborates with ALM, Origination and Finance on new pension liability transactions to achieve appropriate solutions for PIC’s customers.
• 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 within the Markets Solutions Team.
• Keeps informed of industry trends, market developments, regulatory changes to the insurance PRT industry by attending industry seminars, reading and sharing relevant published articles.

Experience:

• On track for a CFA designation or similar professional qualification
• Experience of designing, implementing hedging strategies for pension funds or insurance companies.
• Experience in modelling risk exposures associated with pension liabilities.
• Identification of key market and risk factors within transactions.
• Experience of working in an investment team of a pension fund, insurance company, investment bank, or a consultancy with a focus on pension liabilities

Knowledge:

• Demonstrable knowledge of derivatives and hedging instruments used by insurers and pension funds
• Knowledge of pricing and valuing interest rates and inflation derivatives
• Basic knowledge of liability discounting of pension schemes
• Familiarity of the Pension Risk Transfer (PRT) market trends, and transaction structures

Skills:

• Strong organisational and communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to manage people and other resources effectively
• 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

Desirable personal attributes aligned to what success looks like in the role:

• Intellectually curious with a willingness to learn through own research.
• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function.
• Effective communicator – structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies.
• Innovative thinker – positive attitude to change and a willingness to embrace new ideas and techniques to improve performance.

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, study support, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.