Head of Actuarial/ Funding

Job reference number 316733

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 
 

Extra Benefits

•    RMG Share Schemes - partnership and matching share offer
•    Family friendly support - enhanced maternity pay, paternity leave, adoption leave and shared parental leave
•    Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
•    Supportive and generous company sick pay
•    Your Wellbeing - you and your family have 24/7 access to services and tools to help you get the most out of life. From your physical and mental health to financial and social support and advice. It’s free, and it’s for everyone.
•    Lifestyle benefits - You can purchase a car, bike, home technology or mobile phone, or choose from a range of health benefits and insurance products. You make regular payments from your salary, and so could save on tax*.  
•    Financial support - information and services to help you manage debt and grow your financial knowledge, with debt consolidation & savings plans*
•    Your peace of mind with - Healthcare CashPlan, Dental Cover, Additional Life (life insurance) & Additional Life Partner, Hospital & Death Benefit Plans; Voluntary Critical illness & Voluntary Critical illness Partner
•    Free & discounted RMG products - free keep safe & redirection, partner discounts 
•    Free stamps at Christmas
*Available only to perm employees

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.

An operation of this size needs a strong support network, and the HR, Legal, Finance, IT, Risk & Governance, Customer Experience, Sales & Marketing departments are all integral to helping us to utilise the latest technology and business approaches to optimise, automate and digitise our operations. 

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. 

For more information on Royal Mail Group and our values please click here: https://www.internationaldistributionsservices.com/en/about-us/

Next Steps

The next stage of the selection process will be a face to face interview. 

Trust forms the foundation of everything we do in Royal Mail. We want to be transparent about what kind of qualities we are looking for and build trust from the very beginning of your journey with us. The first step is your interview, and we mean ‘your’ interview. We want to give you the opportunity to shine. To enable you to do this, we will provide you with your interview questions ahead of the interview taking place. This will allow you time to prepare, and ensure you have your best examples in mind. Royal Mail Group values both trust, and our people. 
 

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.

Royal Mail are proud of our diverse employee network groups and the active role they play to support belonging and encourage a positive work environment. We are firmly committed to inclusion and passionate about our people representing the communities we serve. 

We are happy to support your need for any adjustments during the application and hiring process. Please share the details within your application if required.

We are Forces family friendly and a Gold signatory to the Armed Forces Covenant. We welcome applications from ex-Armed Forces personnel, reservists, veterans, cadet instructors and military spouses/partners.

For more information on Royal Mail Group and our values please click here: https://www.internationaldistributionsservices.com/en/about-us/

Closing Date: 02nd October 2024 . Please note, this advert may close early if the appropriate number of applications has been reached.

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