Senior Actuarial Developer

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 Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

The purpose of the role is to:

• contribute to the development and delivery of PIC’s Automation and Insight Vision for the Finance Function, targeting increased efficiency, developing a strong control environment, and providing PIC staff at all levels with enhanced insights on business performance. The role, which will be part of the automation and insight team at PIC, will include the following key responsibilities:

• contribute to part of the end-to-end automation journey for key finance and actuarial processes, working with stakeholders to design the target state vision and a plan for delivery.
• support the development of, in conjunction with subject matter experts, streamlined solutions for finance and actuarial processes that use a range of different technologies to extract, manipulate and visualise outputs.

• maintain the development of any solutions over time, helping to embed a strong governance culture to support the business on an ongoing basis.

The role will involve close collaboration with IT and will require direct relationships to be developed with teams that have processes that are within scope of automation.

The role may include items from all stages of the development cycle, including initial identification of and subsequent development of solutions, transfer of solutions into BAU and ongoing monitoring of effectiveness of any developed processes. The successful embedding of processes is a key requirement given the regulatory environment within which PIC operates.

Specific accountabilities assigned to the role:

• Working for the Head of Automation and Insights to develop the technology vision for Finance.
• Ensuring that PIC’s solutions remain appropriate by staying current in latest technologies to support process automation.
• Work as a business partner with other teams across Finance, seeking out and identifying, developing and delivering more automated processes that add wider value to the business.
• Given the regulatory pressure that surrounds insurance companies, the role will require the team to develop a strong culture of governance to ensure that models can be embedded successfully and operate as expected. This will include considering the impact of new deals and significant changes in the customer base of PIC over the next 5-10 years.
• Work closely with IT on systems and availability and quality of Finance data.
• From a calculation perspective, the team will consider a range of technologies as agreed with IT (eg Matlab, Python, R, PowerBI, Excel, Alteryx, Oracle solutions) and develop a streamlined and effective set of calculations that can automate large parts of the business critical Finance activities
• Support the delivery of the target state reporting suite, which will ensure that Finance, Senior Management, and external stakeholders have access to insight in a timely manner to support decision making

Requirements

Skills:

• Strong written and oral communication skills, with ability to communicate complex actuarial change initiatives to both actuaries and non-actuaries at a senior level
• Ability to analyse, investigate and explain actuarial issues
• Good skills in Word, PowerPoint etc
• Strong organisational skills to organise work to meet deadlines
• Staff and project management skills to develop more junior colleagues

Experience:

• Experience of implementing technology driven change across parts of an organisation (preferably Finance)
• Background in either the UK Life insurance landscape from a finance perspective with experience of delivering actuarial or wider Finance transformation and/or deploying and maintaining sophisticated technology driven solutions covering data, processes, and visualisation across a range of sectors.

Desirable:

• Part qualified actuary or accountant. other similar qualifications (Masters in Quantitative Finance or CQF) will be considered for the right candidate
• Detailed understanding of how finance functions operate in the life insurance sector.

Knowledge:

• Detailed working knowledge of at least one automation technology with experience of developing and embedding solutions with a strong focus on governance.
• Strong knowledge of at least one programming language (preferably Python or R/R Shiny)

Desirable:

• Broader understanding of different automation technologies available
• Experience building visualisations (preferably PowerBI)
• Practical knowledge of IT infrastructure (Microsoft Azure a plus)
• Strong VBA programming skills

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.