Corporate Pensions Actuary

Job content

Head Office

We serve and protect those who serve and protect us. Attracting and retaining the sharpest minds is essential for a globally competitive UK Defence Information Business. Our aim is to recruit the very best talent. At BAE we want to be the leading employer in defence and security for valuing diversity and inclusion. We care about difference in all forms and want to create an inclusive environment where everyone can be themselves and reach their full potential.

We welcome candidates from all backgrounds and particularly from sections of the community who are currently under-represented within our industry, including women, people from ethnic minorities, people with disabilities and LGBTQ+ individuals. We also want to be a preferred home for veterans and reservists.

At BAE Systems we are committed to supporting work life balance for all our employees and embrace a range of modern working practices, which aim to enhance flexibility for individuals whilst also enabling business performance. Flexibility provisions vary by role, but include; hybrid working arrangements, flexible working patterns and shift working

Our Head Office Business

If you’d like to make a real difference where it counts, BAE Systems is the place for you.

From keeping soldiers, sailors and pilots safe to helping countries prosper, from developing the next generation of supersonic aircraft to investing in the next generation of super-smart talent – at BAE Systems, we work together to give our customers an essential edge in protecting the things that really matter. Lives, livelihoods, ways of life.

As part of the Head Office team, you’ll be at the heart of this endeavour – working closely with our air, maritime, land and cyber and intelligence businesses to support our customers around the world.

Join us and you’ll be encouraged and rewarded to excel in this important work. Apply your talent where it counts.

Corporate Pensions Actuary

Are you an experienced Pensions Actuary ready to progress your career and gain in-house experience with the 2021 Pensions Age Awards DB Pension Scheme of the Year? We currently have a vacancy for a qualified Pensions Actuary to join our Corporate Pensions division within Head Office.

As Corporate Pensions Actuary, you will provide support on all actuarial or financial matters relating to the Company’s pension schemes. You will be responsible for aiding the development and implementation of the overall pensions strategy, covering a great breadth of actuarial work. You will gain excellent exposure working with senior leaders across a range of business functions to include Trustee Pensions, Group Finance, Human Resources, in-house investment managers and external stakeholders.

This role will provide you with the opportunity to take on an in-house role within one of the largest global defence companies where you will work with one of the top 10 largest UK pension schemes. You will join a multi-disciplinary team where your knowledge and perspective will be broadened, and you will gain excellent exposure to managing a range of projects covering various aspects of pensions provision.

We are currently working on a hybrid basis with an expectation to travel to Farnborough 1-2 days per week.

Your main responsibilities as a Corporate Pensions Actuary will involve:

• Supporting the development of corporate valuation strategy, including internal advice on assumptions setting, developing funding plans and corporate views on investment strategy.
• Pensions accounting co-ordination and support for internal business planning processes.
• Developing and delivering management information in relation to pension funding, accounting and risk management.
• Aiding company policy making on pensions issues and response to legislative issues.
• M&A work and internal restructurings, including advice on deal structures, negotiating agreements and post-completion work.
• Supporting de-risking projects and activities, including ALM, longevity hedging and member incentive exercises.
• Advising on scheme design issues, both non-executive and executive arrangements.
• Managing external adviser relationships, including monitoring commercial aspects such as contract deliverables, budgets and spend.
• Ensuring the delivery of day to day and project work, including delegation to other team members, offering training opportunities.
  

Your Skills And Qualifications As a Corporate Pensions Actuary

• Qualified Pensions Actuary (FIA/FFA) with demonstrable experience working within the pensions industry and (ideally) gained some exposure to investments.
• Experience within pensions accounting co-ordination to include agreeing accounting treatment, setting assumptions and reviewing corporate disclosures.
• Experience working collaboratively with a range of internal and external stakeholders / advisers to include both Trustee and Corporate (actuaries, lawyers, investment consultants).
• Experience managing projects or ability to demonstrate successful project collaboration with meaningful impact.
• Proficient IT skills, including Excel and PowerPoint.
  

What We’re Looking For In You

You will be analytical, with a high degree of precision and have logical reasoning skills. You will be an excellent communicator with the ability to manage relationships and build rapport with key stakeholders. You will be a true partner with the ability to have tactical and strategic impact on the business and existing projects.

Location: Farnborough(hybrid working model with an excellent home / office working balance)

Salary: Competitive Salary + Executive Level Package

Benefits

Benefits: Our employees receive an excellent benefits package which includes a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. We also offer a range of additional benefits such as flexible working, an employee assistance programme, Cycle2work and many local and national employee discounts. Some employees may also be eligible for an annual incentive.

Please be aware that many roles working for BAE Systems will be subject to both security and export control restrictions. These restrictions mean that factors including your nationality, any previous nationalities you have held, and/or your place of birth may limit those roles that you can perform for the organisation.

Job

Finance

Primary Location

GB-ENG-HAM-Farnborough

Closing Date

18/May/22, 5:59:00 PM