Head of Actuarial/ Funding
Competitive salary
Car allowance
Healthcare - Full Family AXA
Annual bonus potential
Company pension scheme with highly competitive contribution rates
Permanent, Full time
Ironmonger Lane, London, EC2V 8EY
We have a vacancy for a Head of Fundings/actuarial consultant to lead the strategy development of the Royal Mail Group ‘RMG’ Section project and wind-up of the Post Office ‘POL’ Section for the Trustee of the Royal Mail Pension Plan.
About the role
You will support the Trustee with all decisions required and ensure the necessary advice is prepared for the Trustee to action decisions, including external advice where needed and effectively manage the wind-up of the POL section project, ensuring there is necessary resource to deliver the project and Trustee timescales are achieved alongside managing the budget for the project.
Be responsible for building and managing relationships with all key stakeholders involved in the Post Office wind-up including Post Offices Pensions Director and the buy-out insurance provider.
Support CEO in engaging with the Head of Corporate Pensions and prepare material for de-risking workshops to develop strategy that can ideally be agreed between the Trustee and company. Support development of framework for future surplus distribution if this is agreed.
Assist with the development of pensions understanding and technical knowledge for members of the Executive team and promote the culture of a collaborative environment within the Executive team, in which ideas and experience are shared.
Ensure that the third party suppliers (i.e. actuaries, covenant assessors, legal advisers, de-risking advisers, communication consultants, insurers) to the Trustee Board and Sub-Committees have in place the organisational capabilities and capacity to provide excellent customer service within a cost-controlled environment in order to deliver the strategic liability management objectives of the pension plans.
Build strong relationships with key stakeholders and partners including the advisers and insurers.
About You
Key Skills, Experience and Qualifications required for this specific role:
- Qualified actuary, with extensive experience managing complex projects for pension schemes.
- Consulting skills, with background managing and delivering advice to Trustees.
- Leadership qualities and problem-solving skills.
- Proven expertise in strategic engagement and relevant stakeholder management experience.
- Exceptional financial, commercial and business understanding.
Your career in safe hands
At Royal Mail we value our people and we want our people to be proud to work for our businesses.
We have the assets, the infrastructure and the scale that others don’t, yet we are a big part of the communities we operate in, making billions of precious deliveries each year. We are responsible for the largest B2B customer database in the UK and are one of the largest employers in the UK, providing one in every 194 jobs.
Royal Mail is a forward-thinking, innovative organisation, that is also committed to reducing emissions and improving air quality in our communities. This includes investing in technologies such as electric vehicles, drones, alternative fuel trucks and energy improvements to our estate.
The next stage of the selection process will be a face-to-face interview.
We don’t expect every candidate to meet the full criteria for the role. If your experience looks a little different from the job requirements, but you feel you have the relevant skills to bring value to the role, we’d love to learn more about you.
Closing Date: 11th September 2024. Please note, this advert may close early if the appropriate number of applications has been reached.
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