Skip to main content

Your browser is out of date, and unable to use many of the features of this website

Please upgrade your browser.

Ignore

This website requires cookies. Your browser currently has cookies disabled.

Actuary

Reporting to: Lead Actuary
Team: Regulatory Policy, Analysis and Advice
Contract type: Permanent
Salary: From £74,311 per annum
Location: Brighton
Closing date: Tuesday 14 July 2020

Job ref: 1800

TPR grade: 6

About us

The Pensions Regulator (TPR) is responsible for protecting workplace pensions in the UK, working with employers and those running pensions to help people save safely for their retirement. We have an excellent office location in the heart of Brighton and have a diverse, lively and professional growing workforce.

We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential. Join our expanding team for the chance to be a part of the biggest change to pensions in a generation.

Role

Would you like to use your pensions actuarial skills to improve the retirements of millions of savers? If you’re a pensions actuary with workplace pensions experience, then this role could be for you.

We want a person to join our actuarial team within TPR to do a variety of work. Our actuarial skills and broader pensions knowledge help TPR regulate workplace pension scheme funding.

We do this by helping shape TPR’s regulatory strategy, our codes of practice and guidance, individual scheme authorisation, supervision and enforcement. Working closely with colleagues at all levels and other regulators, our work includes interacting with the advisers, trustees and sponsoring employers of the UK’s most significant pension schemes.

Our public profile is important, and with your help we will continue to raise TPR’s status within the pensions industry.

Responsibilities

You will be expected to do a range of actuarial work to support TPR’s objectives, to be agreed depending on your particular skills and experience. This may include:

  • advising TPR colleagues on schemes’ funding risk and risk management strategies
  • engaging with external parties as part of our regulation of schemes
  • assisting with the application of the use of TPR powers
  • developing the post-White Paper defined benefit funding framework
  • assisting with other ongoing policy development and supervisory frameworks
  • contributing to the actuarial team’s house views
  • supporting TPR’s actuarial modelling capabilities

Essential and desirable criteria

Essential

  • Fellow of the Institute and Faculty of Actuaries (or international equivalent).
  • A current (or recent) holder of a Scheme Actuary certificate or with a sufficient amount of post qualification experience to do so.
  • Experience of working in a consulting environment, having acted as lead adviser to clients on actuarial issues and other wider issues affecting UK workplace pensions including investment, administration, governance and legal issues.
  • Proven ability to provide high quality advice to trustees and/or employers on all aspects of UK occupational pension schemes.
  • Communication and influencing skills at all levels of seniority.
  • Excellent Excel skills and good knowledge of other standard office systems.

Desirable

  • Knowledge of both legal and employer covenant issues that affect occupational pension schemes and ability to tailor actuarial advice and wider input to reflect those issues.
  • Familiarity with the regulatory environment and current issues affecting UK workplace pension funds.

Person specification

  • The actuarial team work with a wide range of TPR, industry and regulatory colleagues. The successful candidate should be able to engage credibly with individuals from different backgrounds and levels of seniority.
  • We are a small, collegiate team and the successful candidate should be personable, a team player who takes a proactive and flexible approach to work.
  • A lot of our work involves problem solving and analysis, so the successful candidate is likely to be good at this, and to approach work with appropriate care for detail and accuracy.

Salary and benefits

As well as a starting salary from £74,311, we offer:

  • Civil Service Pension arrangements, which are recognised as some of the best in the pensions world
  • discretionary bonus arrangements
  • access to performance related pay progression
  • 25 days annual leave provision
  • flexible working arrangements
  • development opportunities
  • enhanced parental leave arrangements
  • a free employee assistance programme
  • an excellent office location in Brighton

How to apply

We provide an exciting, supportive and flexible working environment, and are committed to helping our people meet their full potential.

The Pensions Regulator is an inclusive employer and offers equal opportunities to all regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation. TPR welcomes applications from the BME and LGBT communities who are currently under represented at TPR.

Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.

Applications will be considered on a part time and job share basis.

Please send your CV to recruitmentteam@tpr.gov.uk along with a covering letter ,quoting ref 1800 with details of how your experience and skills meet our essential criteria and details of your notice period. 

Please be aware we are currently holding interviews through Skype due to COVID-19.

If you have any enquiries with regards to this role or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email recruitmentteam@tpr.gov.uk.