About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said - our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

• Work within and support the Actuarial and Funding Risk team, reporting directly to the head of Actuarial and Funding Risk
• Develop funding (asset and liability) risk modelling and reporting
• Produce/check actuarial and funding risk reporting for LPPI clients
• Support the enhancement of overall solvency, investment and funding risk management analysis
• Provide support to the wider risk, investment risk and investment strategy teams
• Maintain and enhance risk data, models, systems and reporting processes
• Provide project support from a risk perspective, for example implementation of new regulatory requirements such as TCFD, Net Zero and IFPR.

Key Responsibilities (-%Key responsibilities)

• Work with team members to deliver actuarial and funding risk modelling, analysis and reporting for LPPI’s pension fund clients and stakeholders
• Train and mentor junior team members, actively coach and inspire and role model the LPPI values
• Provide support to the Head of Actuarial and Funding Risk in delivery of team objectives
• Review work of team members, ensuring accuracy and compliance with scheme rules, procedures, technical standards and legislation. This will include preparation of and checking funding risk reporting, including the technical set-up of software, before it is issued to head of actuarial and funding risk for review
• Provide good quality review of results where required, produced for completeness and accuracy and report in an accurate and timely manner
• Ensure all reporting which contains actuarial analysis complies with TAS 100
• Assist with the maintenance and continual development of funding risk modelling, analysis, processes and reporting for LPPI and their stakeholders
• Assist with the preparation of regular reports as required to the CRO, the Executive and the Board
• 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
• Support the team with the maintenance of appropriate policies and desk procedures
• Develop technical skills and knowledge in relation to the role and gain knowledge of systems and processes through application on the job
• Carry out responsibilities with accuracy and efficiency, demonstrating high levels of productivity and attention to detail
• 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


Requirements for the role (-%Requirements for the role)

• Adhere to the five Individual Conduct Rules as defined in the FCA Handbook at all times and raise immediately any potential issues that could compromise the same with their manager.

Experience and skillset required

· Newly Qualified, Nearly Qualified (11+ exams), or have completed associate level at IFoA
· Demonstrable interest and have significant experience working within risk management or the pension fund/insurance industry
· Experience within the pensions industry using asset liability modelling software and working within a risk management framework
· Confident in answering client or stakeholder queries (whilst recognising where input from more experienced team members may be needed) and the ability to explain technical issues in simplified terms
· Good modelling and excel skills, experience in using PowerBI, ALM software, some prior coding knowledge and an ability to write VBA macros would be attractive but not essential
· Ability to work under pressure to tight deadlines, prioritise work effectively, evidence good time management and delivery of work to a consistent standard of excellence.
· Change orientated and commercially aware, with the ability to produce good quality reports and add tangible value to technical discussions
· Demonstrable lateral thinking, problem solving skills and curiosity
· Excellent 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. Ability to deal with complexity
· Commitment to excellent customer service
· Well-developed numerical, analytical and report writing skills
· Adaptable and flexible
· A proactive, self-motivated team player who will take the initiative
· Good conduct that is consistent with the LPPI values - aligned behaviours

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