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.

As an Actuarial Analyst, you will be provided with opportunities to explore the business by working in various teams within PIC’s Finance department through our rotation programme. You will also be supported to continue to gain your professional actuarial qualification with the Institute and Faculty of Actuaries (IFoA). You will start your rotation within the Actuarial Reporting team and will then gain experience across various other Finance teams.

Specific accountabilities assigned to the role of Actuarial Analyst within the Actuarial Reporting team function within the Finance department:

• Support the preparation of internal monthly reporting and analysis, including information for year-end and half-year reports
• Support the preparation of information for use in hedging, forecasting and planning
• Identify and support the implementation of improvements to the reporting processes
• Ensure controls and reviews are followed, following up with senior team members if there are any issues
• Ensure documentation is kept up to date
• Support the Head of Actuarial Reporting in other ad hoc actuarial investigations and other projects as they arise

Teams through which you may rotate following your time in the Actuarial Reporting team include Automation & Insight, Capital, MA and Investment Business Partnering, Stress and Scenario Testing, Actuarial Modelling & Data, Financial Planning and Analysis and Origination Business Partnering.

Requirements

Experience:

• Demonstrated progress through the FIA examinations with the Intention to qualify as a Fellow of the IFoA
• Previous actuarial experience gained whilst working within a professional environment e.g. insurer, consultancy

Knowledge:

• Some technical knowledge of financial reporting in a UK life insurance environment is desirable
• Knowledge of UK DB pensions and/or bulk annuities and familiarity with actuarial modelling software e.g. RAFM are desirable

Skills:

• Strong numerical and analytical skills, particularly analysis and investigation of financial results from actuarial models
• Good organisational skills to prioritise work to meet deadlines
• Good communication skills. In particular, the ability to convey messages behind financial impacts to senior actuaries
• Strong understanding and competence of using MS Excel
• Ability to work within defined procedures as recommended by functional teams

Desirable

• Good working knowledge of MS PowerPoint, MS Word, etc.
• Ability to persuade and influence both directly and indirectly and commercial judgement

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.

Benefits

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.

You will also have full study support to qualify as a Fellow of the Institute and Faculty of Actuaries.