Senior Actuary - Head of Fund Transformation

Resource Management
100000.00 - 130000.00 GBP Annual
14 Feb 2019
20 Feb 2019
Contract Type

Senior Actuary - Head of Fund Transformation

Royal London is the largest mutual life, pensions and Investment Company in the UK, with Group funds under management of ??118.9 billion and latest Profit Share pay out to members of ??142 million. Group businesses provide around 9.0 million policies and employ 3,976 people (figures as of 05 Feb 2019).

Founded as a Friendly Society in a London coffee shop in 1861, Royal London started out with the aim to help people avoid the stigma of a pauper's grave. Since then we have been helping people help themselves and are committed to delivering the best value for customers and putting members first.

The main purpose is to lead the strategic fund transformation & delivery programmes to ensure that its constituent projects are developed, managed and delivered successfully, enabling the significant business benefits to be realized, on time, within budget and to agreed quality standards.


  • Develop options, recommendations and business cases for Fund transformation and delivery to achieve vision including sub-fund mergers, GAR compromise schemes and other transformation fund activity
  • Engage & harness skillsets of wider finance and actuarial colleagues to set out the financial and capital implications of fund transformation and the recommended way forward
  • Be able to communicate technical concepts to senior stakeholders and FCA/PRA to influence and ensure buy in to proposed approach
  • Oversee customer facing activity required and be able to ensure translation of technical concepts to customer friendly language and ensure customers are suitably informed of implications
  • Provide day to day Divisional leadership for the complex fund mergers on behalf of the Divisional Director
  • Oversee Programme Managers to ensure the effective co-ordination of planning, monitoring, reporting and assurance activities in accordance with agreed standards
  • Ensure risks to programme delivery and desired business outcomes are identified and appropriate actions taken
  • Work with relevant leads to ensure the Fund Transformation programme enhances customer outcomes and experience and delivers all business outcomes expected

Skills, Qualifications & Experience:

  • Senior Actuary (ie FIA or FFA) with a minimum of 5 years relevant professional experience.
  • High level of knowledge of actuarial and financial maths commensurate with the nature and complexity of the work.
  • Highly proficient in use of relevant computer systems and packages.
  • Highly developed communication skills, verbal, written and listening.
  • Ability to communicate in a professional manner with lawyers, senior managers, boards and committees across the department and the wider business and to third parties and external bodies.

Royal London is an attractive equal opportunities employer and won a 2019 'Glassdoor Employees' Choice' Award honouring the best places to work in the UK.

Royal London is an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills - whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.

We will consider flexible working arrangements for all our roles. We also welcome applications from individuals who have taken an extended career break.

For any further queries regarding the role, please contact (see below).

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