Senior Actuary — Investments & MA Strategy Partner

Pension Insurance Corporation; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Private medical insurance

28 days annual leave

Generous pension scheme

Job summary

Pension Insurance Corporation is seeking an experienced Senior Actuary to join the Investments Business Partnering team. You will shape investment-related decisions, support the management of Matching Adjustment assets, and collaborate with Risk, Investments and Finance to drive strong outcomes for policyholders and regulators.

Key responsibilities include overseeing MA strategy, governance of the MA portfolio, regulatory interactions with the PRA, stakeholder advisory on investments and asset

Qualifications

• Good technical knowledge of the UK Solvency regime, particularly the Matching Adjustment.
• Established knowledge of actuarial modelling and analysis techniques, as applied to UK life insurers.
• Familiar with regulatory developments on the UK solvency regime, and how this applies to UK life insurance investments.
• Strong organisational skills.
• Strong communication skills, including drafting papers and opinions.
• Ability to succinctly articulate key points from financial / data analysis to a range of audiences.
• Ability to organize work to meet deadlines.
• Experience with MS Excel, PowerPoint, Word; programming languages desirable.

Responsibilities

• Supports the delivery of PIC's MA strategy by providing technical expertise and oversight on MA-related activities, including investment opportunities, regulatory applications and matters affecting the MA portfolio.
• Contributes to the governance and oversight of the MA portfolio by conducting and documenting asset eligibility assessments, evaluating associated risks and implications, and providing high-quality analysis, challenge, management information, committee papers and recommendations to support effective decision-making by senior management and governance committees.
• Supports the successful delivery of MA applications and regulatory interactions with the PRA, including the preparation and review of analysis, briefing materials and responses to requests for information.
• Builds and maintains strong working relationships across PIC and with external stakeholders, acting as a trusted adviser on investment opportunities, asset transfers, MA eligibility and fundamental spread assessments, representing the Finance function professionally and supporting effective business decision-making.
• Responsible for the review of analysis and recommendations relating to Additional Fundamental Spreads under the UK Solvency regime.
• Provides support to the Head of MA and Investment Business Partnering and senior management on strategic, regulatory and cross-functional initiatives, delivering high-quality analysis, challenge and recommendations to support the achievement of PIC's objectives.
• Takes ownership of their professional development in both technical and non-technical areas, continually developing expertise and contributing to the wider capability of the Finance function.
• Keeps informed of industry trends, market developments, regulatory changes and best practice within actuarial science, investments and the pension risk transfer market, sharing relevant insights with colleagues where appropriate.

Skills

Organisational skills

Communication skills

Data analysis

Deadline management

MS Office knowledge

Programming knowledge

Education

Qualified actuary with the Institute and Faculty of Actuaries, or similar body, or a non-actuary with comparable finance-related background.

Tools

MS Excel

MS PowerPoint

MS Word

Job description

Pension Insurance Corporation is seeking an experienced Senior Actuary to join the Investments Business Partnering team. You will shape investment-related decisions, support the management of Matching Adjustment assets, and collaborate with Risk, Investments and Finance to drive strong outcomes for policyholders and regulators.

Key responsibilities include overseeing MA strategy, governance of the MA portfolio, regulatory interactions with the PRA, stakeholder advisory on investments and asset