Project Director - Actuarial

Financial Reporting Council Limited; Birmingham; Hybrid; GBP 70,000 - 110,000; Full time

Job summary

The Financial Reporting Council Limited (FRC) is seeking a Project Director to join the Actuarial Regulation Team. You will work with the Director of Actuarial Regulation and other Project Directors to deliver objectives in the annual strategy, developing technical actuarial standards and monitoring their effectiveness.

Ideal candidates will be Fellow of the IFoA with senior regulatory or consultancy experience, strong quantitative skills and excellent communication abilities to engage with

Qualifications

• Familiarity with actuarial standards and pension illustrations.
• Experience regulating or supervising actuarial work.
• Proven ability to engage with senior actuarial practitioners and regulators.

Responsibilities

• Developing technical actuarial standards and pension illustrations in the UK.
• Assessing the effectiveness of the technical actuarial standards through monitoring.
• Providing actuarial expertise to the wider FRC, including disciplinary cases and oversight of IFoA.

Skills

Actuarial regulation

Pensions expertise

Quantitative analysis

Stakeholder engagement

Communication skills

Presentation skills

Education

Fellow of IFoA

Job description

The Financial Reporting Council (FRC) mission is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk.

Regulatory Standards: The FRC’s Regulatory Standards Division is responsible for public and technical policy covering accountancy, audit, actuarial work and corporate governance and stewardship, for which we set regulatory codes and standards and develop guidance to drive high quality work in the public interest.

The Role:

We are seeking a Project Director to join the FRC’s Actuarial Regulation Team.

The successful candidates will work with the Director of Actuarial Regulation, Senior Project Directors and other Project Directors in the team to deliver the objectives in our annual strategy and plan. This includes

• developing the technical actuarial standards and pension illustrations in the UK
• assessing the effectiveness of the technical actuarial standards through our monitoring programme
• providing actuarial expertise to the wider FRC such as disciplinary cases, and the oversight of the IFoA and actuarial aspects of audit quality review inspections.

The pensions industry is changing at pace and it is an exciting time to join the FRC to help shape the actuarial regulation in relation to the new initiatives from Government’s Pensions Reform agenda.

The People:

The candidates are likely to be Fellow of the IFoA with significant post qualification experience, with some experience of regulation, supervision and/or a former practitioner, and are likely to have operated at a senior level in a consulting, in house, management or regulatory role. A strong understanding of what drives high quality actuarial work is key to this role.

The Project Director should have deep technical knowledge of the pensions industry, preferably someone who has significant experience in DC pensions.

The Project Director will also

• possess strategic knowledge of developments and issues affecting their sector;
• have externally acknowledged technical expertise in their field who can engage credibly with senior actuarial practitioners and other senior stakeholders
• have strong quantitative analytical and modelling skills
• have strong oral and written communications, including strong presentation skills and experience of speaking to large and challenging audiences
• have strong analytical skills both in assessing issues to include in actuarial standards and in interpretation and synthesis of a wide range of responses to consultation documents
• possess knowledge of the standards and guidance issued by the IFoA to its members, and of the IFoA’s education, CPD, competence and disciplinary regimes.
• be able to learn from colleagues in other practice areas, or work with colleagues from other operating units providing specialist input to cross-unit projects
• be able to take ownership and responsibility for timely delivery to high quality of projects
• be able to work collaboratively in a team environment and also to work independently when required.