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.


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

Specialist - Actuarial Modeller ref. 67330

Reporting to: Business Lead - Actuarial
Team: Regulatory Policy, Analysis and Advice
Contract type: Permanent
Salary: From £47,268 per annum
Location: Brighton
Closing date: Friday 13 November 2020

Job ref: 67330

TPR grade: 8

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.


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

We’re looking for a qualified or part-qualified member of the actuarial profession, to be responsible for the provision of specialist actuarial and other financial modelling and associated outputs. 

The output from our modelling work will be used to inform and support operational, strategic and policy matters in order to support TPR achieving outcomes in line with its objectives and helping shape TPR’s regulatory strategy. Our public profile is important, and with your help we will continue to raise TPR’s status within the pensions industry.


You will:

  • take overall responsibility for the design, maintenance, process and outputs associated with actuarial and other financial modeling.  This includes;
    • governance of data from various sources into the modelling process and management of actuarial data.
    • manage and update existing actuarial models, in particular with reference to pension liability and asset value calculations and projections
    • development of new actuarial, financial and other models to assist actuarial team and other key stakeholders
    • reporting of actuarial modelling findings to internal stakeholders
    • propose and review assumptions and actuarial methodology underlying actuarial models
    • maintain up to date process and control documentation to maintain professional requirements and quality assurance
    • provide advice in respect of the uses and limitations of the output from models
    • identify shortcomings and provide solutions which mitigate risks of shortcomings in data and software, highlighting model risk and proposing solutions to mitigate and manage such risks
  • support the actuarial modelling team, other teams and practices across TPR in respect of technical actuarial queries, actuarial assumptions, modelling solutions and IT system issues
  • prioritise tasks across multiple work-streams
  • research key areas of emerging risk (both short and long term) and provide advice in relation to the scale of the issues (including use of modelling) and provide recommendations for mitigations and next steps

Essential and desirable criteria


  • member of the Institute and Faculty of Actuaries with a minimum level of experience (qualifications) equivalent to those of a Certified Actuarial Analyst, typically with at least 5 years’ experience in total, or ability to demonstrate significant relevant pensions and modelling experience showing strength, breadth and depth of knowledge
  • comprehensive knowledge of financial modelling principles, statistical and mathematical theories and the practical approaches for application in UK DB pension scheme funding, funding methodologies and strategies that affect DB schemes’ funding
  • experience of managing projects requiring the need to take a proactive approach and to prioritise competing requests upon their own time, plan, organise, coordinate on behalf of the customer and to direct the overall project and delivery of outputs to time and to the needs of the customer
  • proven experience of reviewing, managing and applying appropriate governance standards over large actuarial data sets
  • excellent Microsoft Excel skills, ideally including programming in VBA and other languages for application to actuarial modelling, willing to adapt to new software as needed


  • in-depth knowledge of relevant professional standards, in particular actuarial standards associated with the modelling of pension schemes and other financial markets

Person specification

  • problem solving and analytical skills
  • attention to detail and accuracy
  • proactive and flexible
  • can-do approach
  • personable and a team player

Salary and benefits

As well as a starting salary of £47,268, 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 along with a covering letter, quoting ref 67330 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