Senior Risk Actuary Specialist

7 days ago


London, Greater London, United Kingdom PIC Full time
Pension Insurance Corporation Overview

As a leading provider of secure retirement incomes, Pension Insurance Corporation (PIC) is committed to delivering exceptional customer service and comprehensive risk management. Our purpose is clear: to pay the pensions of our current and future policyholders.


Job Summary

We are seeking an experienced Senior Risk Actuary to join our Actuarial Assurance Function, supporting the overall success of PIC by providing critical insights and assurance on underwriting and reinsurance risks. This role requires effective collaboration with cross-functional teams and the ability to challenge and influence senior stakeholders.


Key Responsibilities
  1. Provide expert actuarial advice on new transactions, ensuring coordination across the Risk Function to gain subject matter expert review and challenge.
  2. Support the Head of Transaction Risk in representing the Risk Function at Pricing Committee and deputising for the CRO/AFH.
  3. Collaborate with first-line business areas, including Origination, Investments, and Finance, to ensure appropriate engagement and oversight.

Requirements
  • Qualified actuary with post-qualified experience.
  • Proven track record of liaising with and presenting to senior individuals.
  • Experience working within an independent challenge function, such as a 2nd line Risk Function or consulting role.

Salary and Benefits

The estimated salary for this position is £90,000 - £120,000 per annum, depending on experience. In addition to a competitive base salary, you will have access to a range of benefits, including private medical insurance, 28 days' annual leave, and a generous pension scheme.



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