Senior Investment Actuary na Pension Insurance Corporation

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.

At PIC, we have a fantastic opportunity for a Senior Investment Actuary to join us. The purpose of this role is to generate value by leveraging deep understanding of the insurance business model combined with investment expertise to:

• Take the lead on investment initiatives within PIC Capital that can include any or all aspects of identification, analysis, origination, structuring and management of assets that are within our risk appetite, and partner with internal stakeholders to deliver strong business outcomes aligned to PIC’s strategic objectives.
• Provide expertise and market insight to our internal stakeholders on asset origination and management
• Take ownership of the design and implementation of strategic initiatives aligned to the investment strategy and partner with the Head of Technical Investment Strategy and other senior Investment Department members to effectively incorporate it into PIC’s strategic objectives.

Specific accountabilities assigned to the role of Senior Investment Actuary:

• Provide technical guidance and support to the PIC Capital team on deal structuring, internal pricing/balance sheet implications to include but not limited to hedging.
• Responsible for the successful delivery of assigned aspects of the technical investment strategy, through deploying the relevant skills, knowledge and expertise to positively influence internal stakeholders to achieve strong financial outcomes for PIC.
• Develop a regular cadence of communication, both in written and verbal format, on technical investment strategy activities, risk levels, and incidents that can be easily transferred into management information packs for circulation to senior management, Committee meetings and Boards.
• Act as a change agent leveraging a skillful understanding of persuasion and influence to key internal stakeholders knowing which techniques to deploy while remaining a trusted advisor to the Head of Technical Investment Strategy, Managing Director of PIC Capital and Executive Committee.
• Deal confidently in the preparation and presentation of matching adjustment application materials (from an Investment perspective) for the purpose of addressing requests from the relevant committees and regulators.
• Attract, engage and retain less experienced team members with the purpose of developing their technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills.
• Role model strong technical and interpersonal skills to elevate the profile of PIC Capital and the wider Investments function utilising PIC’s values and behaviours both internally and externally in the markets we currently operate or are seeking to enter.
• Proactively collaborate with colleagues in the business drawing upon their expertise and experience with the intention of giving due care and attention to investments decisions within the context of their ESG impact.
• Provide technical guidance and advice on Financial Modelling across PIC Capital, creating appropriate models and processes to effectively enhance PIC Strategic Equity investments both during initial deal review and during operational phase.
• Keeps informed of industry trends, market developments, regulatory changes in the private asset space and relevant sectors by attending industry seminars, reading and sharing relevant published articles.

Requirements

Experience:

• Recognised qualification in the relevant field of study or a strong employment record in Actuarial, Economics, Asset Management, Capital Modelling, Investment Management
• Strong demonstrable experience of investment and balance sheet management
• Experience of working within a regulated environment would be an advantage
• Strong demonstrable experience of applying effective analysis, structure and management of a business model that can be easily transferred into management information packs for circulation to senior leadership and Committee meetings

Knowledge:

• Expert knowledge of the Solvency II regulatory framework and its applicability within financial services, within the context of life insurance
• Expert knowledge of insurance business model as it applies to asset management
• Expert knowledge of Asset Liability Management and capital principles within an insurance context
• Knowledge of various asset classes to include but not limited to Mortgages and Private Assets with a degree of competency level across each asset within an insurance context
• Strong knowledge of actuarial concepts and techniques applied to asset management and capital modelling

Skills:

• Strong problem solving skills, interpersonal skills, organisational skills and communication skills
• Ability to persuade and influence both directly and indirectly
• Aptitude for preparing comprehensive reports to suit different audiences
• Ability to conceptualise and lead others in solving specific problems
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Strategic and innovative thinker with strong commercial judgement
• Advanced knowledge of MS Excel, and good working knowledge of MS Access, MS PowerPoint, MS Word

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.