Local Pensions Partnership

Actuarial & Funding Risk Graduate

London | £Competitive

Job Function: Policy, Government & Public Affairs
Industry Sector: Banking & Financial Services

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £16bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
We currently have an opportunity for a Graduate in the Actuarial & Funding Risk team reporting into the in-house Actuary
As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London office based in Union street


The graduate will:

• Work within, assist and support the actuarial and funding risk team

• Contribute to the development of in-house funding (asset and liability) risk modelling

• Produce and continue to develop actuarial and funding risk reporting for LPPI clients

• Assist to enhance overall solvency, investment and funding risk management analysis and reporting

• Provide support to the wider risk, investment risk and investment strategy teams to maintain and enhance risk data, models, systems and reporting processes

• Assist the risk team working with clients’ Fund Actuaries; including for example with analysis, design and implementation of risk adjusted contribution requirements, where required

• Abide by any training agreements issued by LPP Training and Development

Key Responsibilities

• Work with team members to deliver actuarial and funding risk modelling, analysis and reporting for LPPI’s pension fund clients and stakeholders

• Assist with and support the maintenance and continual development of funding risk modelling, analysis, processes and reporting

• Assist the team to maintain funding risk data, systems and reporting infrastructure

• Keep up to date with relevant actuarial, regulatory and financial markets matters; in particular, LGPS regulations and developments

• Assist as required with communication of relevant matters to clients and stakeholders

• Develop technical skills and knowledge in relation to the role

• Gain knowledge of systems and processes through application on the job

• Carry out tasks and responsibilities with accuracy and efficiency, demonstrating high levels of productivity and attention to detail

• Participate in debate, not only following but understanding direction and carrying out tasks in a business context

• Participation in wider industry experiences, such as external briefings on industry matters, business line specific events with peers and subject matter experts

• Develop confidence and skill in building relationships; being approachable, flexible and displaying high levels of interest and engagement

Person Specification

The successful candidate should be committed to LPP’s values and will demonstrate the following qualities:

• At least a 2(i) degree in Mathematics/Finance/Actuarial Science/Sciences or equivalent

• To have started the actuarial qualifications would be attractive but not essential

• Demonstrable interest in working within risk management

• function in pension fund industry

• Ability to work under pressure to tight deadlines, prioritise work effectively, evidence strong time management and deliver work to a consistent standard of excellence

• Demonstrable lateral thinking, problem solving, communication and organisational skills including the ability to build good working relationships

• Capability to perform research and analysis, and present clear and actionable summaries of findings

• Well-developed numerical, analytical and report writing skills

• Adaptable and flexible

• A proactive, self-motivated team player

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

LPP will consider supporting the completion of recognised Actuarial Qualifications and support for relevant Continuing Professional Development