Business Partnering Actuary

4 weeks ago


London, Greater London, United Kingdom PIC Full time

Pension Insurance Corporation (PIC) is a leading provider of secure retirement incomes through comprehensive risk management and excellence in asset and liability management.

We are currently seeking a highly skilled Business Partnering Actuary to join our Capital Insight & Actuarial department.

The successful candidate will be responsible for collaborating with our Origination, Investment and Risk departments, and other teams within Finance, to secure their buy-in and implement improvements to systems, processes, and technology.

Key responsibilities will include:

  • Conducting thorough analysis of Matching Adjustment (MA) eligibility of new schemes written by Origination and supporting deal teams in structuring deals to ensure MA compliance
  • Reviewing and challenging new deal pricing, including pricing of new or unusual features
  • Preparing assessments of solvency implications of new deals and communicating results to senior management
  • Ensuring timely sharing of information on prospective new BPA deals with other teams within PIC
  • Understanding cashflow matching of the MA Fund and contributing to ongoing monitoring of PIC's MA Fund against PIC's MA Approach Document and regulatory requirements
  • Supporting analysis of new trades and transfers to/from the MA fund and other hedging and risk management activities
  • Supporting SST and other ad hoc business projects as required
  • Taking 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 of Business Partnering
  • Staying informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to the BPA market by attending industry seminars, reading and sharing relevant published articles

Requirements:

Experience:

  • Recently qualified actuary with the Institute and Faculty of Actuaries or similar
  • Experience working in pensions or life insurance

Knowledge:

  • Good technical knowledge of Solvency II balance sheet
  • Established knowledge of actuarial techniques including modelling, analysis and investigation
  • Advanced knowledge of MS Excel

Skills:

  • Strong organisational skills and communication skills
  • Ability to persuade and influence both directly and indirectly
  • Commercial judgement and ability to organize work to meet deadlines
  • Ability to work within defined procedures as recommended by functional teams, and to assess and challenge new concepts

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

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.



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