Actuary - Stochastic Modelling - Crawley, United Kingdom - People's Partnership

People's Partnership

Verified Company

Crawley, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Vacancy Name

Actuary
Stochastic Modelling

Vacancy No

VN1246

Employment Type

Full-Time

Primary Work Location

People's Partnership
HQ

Description

Modelling Actuary

Full Time, Permanent
Crawley, West Sussex
We're motivated by helping people to save for their future. Everything we do is about fairness and simplicity, rather than profit.

And we know that delivering an exceptional service is only made possible by the outstanding individuals that work for us.

That's why we actively support our employees' career progression and wellbeing by providing:

benefits and rewards

- learning and development opportunities
- social facilities and events
- opportunities to contribute to community
- a caring, supportive environment led by our company values.

The proposition team is responsible for setting the strategy, pricing, roadmap, associated benefits and monitoring progress for our existing products.

This role, reporting to the Pricing & Modelling Actuary, will develop, maintain and produce output from models (including stochastic models) which employ the agreed economic framework to support business decisions, including product pricing.

The role will contribute actively to the selection, and ongoing maintenance and use, of an economic scenario generator (ESG) to power the production of stochastic simulations and will develop models to generate and exploit those simulations.

The role will support the Pricing & Modelling Actuary in analysing and developing product propositions, exploring risk issues including investigating investment backing, and seeking to ensure that The People's Partnership continues to offer a competitive proposition whilst adding to the long-term sustainability of the business.

The role will work alongside the Pricing Actuary, assisting them in their role as necessary, to increase resilience within the team.

Responsibilities:

Amend existing, and develop new, models to support the development of new propositions, by generating a rich understanding of prospective outcomes, including by means of stochastic simulations
Review economic scenario generators available in the market on an ongoing basis, liaising with providers and consultants to keep the approaches of The People's Partnership in line with good practice
Work with external and internal personnel in order that models interface effectively so that results based on economic simulations can be deployed in The People's Partnership systems in line with acceptable performance criteria
Provide actuarial expertise to personnel across a wide range of areas, including providing technicallybased explanations in relation to risk issues for use in member communications or wider marketing and PR.

Qualifications:

Qualified or Nearly Qualified Actuary
Good understanding of life & pensions business & pricing approaches
Good understanding of economic scenario generators and stochastic modelling
Excellent skills in building models (including stochastic models) using one or more mainstream coding languages, such as VBA or Python
Describe complex themes in clear and simple to understand language
Build and develop models which produce metrics that extract and communicate meaning from raw financial outputs
Develop and maintain strong relationships with stakeholders
Cycle through analysis to insight to compelling action
Inspire curiosity in others

Perks:
Our people are our strength so finding ways to value and reward them is important to us.

That's why we offer an award-winning pension - it's what we're good at - plus health care cover, an onsite gym, access to a personal trainereven the odd massage.

And if they're feeling peckish after all that activity, they can always refuel in our subsidised restaurant or grab some free fruit - we get a big delivery every week.

Discover more of People's Partnership employee benefits including our training programme, which is designed to give our people the support they need to develop a fulfilling career.

Disability Statement:

Perks

Our people are our strength so finding ways to value and reward them is important to us. That's why we offer an awardwinning pension it's what we're good at plus health care cover, an onsite gym, access to a personal trainer; even the odd massage. And if they're feeling peckish after all that activity, they can always refuel in our subsidised restaurant. Discover more of People's Partnership's employee benefits including our training programme, which is designed to give our people the support they need to develop a fulfilling career.

**Salary Range