Actuary

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. A fantastic opportunity has arisen for an Actuary to join PIC's Finance department. Working closely with PIC's Head of Origination Business Partnering, you will partner with the Origination department to ensure PIC’s pricing is competitive and appropriate for PIC’s balance sheet. You will also partner with other departments across PIC to ensure the implications of new business transactions are well understood, and to identify problems and find solutions. You will also ensure liabilities and reinsurance in the MA portfolio are MA eligible, with any ineligible elements reflected through appropriate deal structuring. Your specific accountabilities will be: - Assess Matching Adjustment (“MA”) eligibility of new schemes and reinsurance transactions, and suppo...