The Government Actuary's Department (GAD) is a non-ministerial government department that provides actuarial solutions and advice to support the UK public sector. Our mission is to improve the stewardship of public sector finances by supporting effective decision-making and robust financial reporting through actuarial analysis, modelling and advice.
GAD provides advice in relation to invested funds held or sponsored by public sector bodies, and on government policy relating to investments held in the private sector, often in the context of pension arrangements. We are looking to hire an investment specialist to work alongside actuaries, trainee actuaries and analysts to enhance the support we can provide to our clients on investment issues.
In the role you will be expected to work closely with clients, scope out advice needs and deliver high value funding and investment advice. In addition, you will help to build GAD’s reputation within the public sector, increasing awareness of your investment expertise and supporting the development of new client opportunities.
As part of your role, we expect you to help grow and develop both your own skills, and those of junior colleagues to help meet the evolving nature of our work. You will also help develop the investment capabilities within GAD, sharing your knowledge and experience with others.
GAD consultants regularly work in a much more diverse range of areas than a typical actuarial consultancy, working closely with both policy makers and operational staff to deliver effective public policy. The work is varied, interesting and has purpose, working in the best interests of the UK public.
Recent projects have included:• DB and DC pensions – advice in relation to funded public sector Defined Benefit (DB) pension scheme investments, public sector bodies’ Defined Contribution (DC) and Additional Voluntary Contribution (AVC) arrangements and wider pensions policy.• Sizewell C – working with the Department for Energy Security and Net Zero and stakeholders to develop the funding and investment framework for a fund that will eventually be used to decommission the Sizewell C infrastructure.• Mansion House 2023 – advising the Department for Work and Pensions on its productive finance agenda and how defined contribution pensions can contribute.• Climate scenario analysis – setting assumptions and carrying out analysis of investment portfolios for funded public sector pension schemes to comply with Taskforce for Climate Related Financial Disclosures (TCFD) reporting. • Personal Injury Discount Rate – supporting government bodies as they review the rate of return that a personal injury claimant is assumed to earn if investing their damages award.