Senior Analyst, Strategic & actuarial projects
UK Visa Sponsorship Analytics
Analytics are greyed out due to low classification confidence (51.0%).
Occupation Type
Actuaries, economists and statisticians
Occupation Code Skill LevelHigher Skilled
Sponsorship Salary Threshold
£55,100
(£28.26 per hour)
Occupation rate applies
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Description
BP Pension Trustees Limited (‘the Trustee’ or ‘BPPTL’) is the corporate trustee that handles the BP Pension Fund (‘the Fund’), bp’s UK defined benefit pension fund. The Fund, with assets of c.£18bn and c.57,000 members, is one of the UK’s largest private sector pension funds.
The Fund is developing its long-term strategy for delivering members benefits taking into consideration recent regulatory developments, including the DB Funding code and impending changes to surplus release legislation, and the evolution of its investment strategy.
In addition, the Fund is implementing strategic decisions already made, including the partial buy-in accomplished in September 2025.
Responsibilities
Reporting to the Senior Manager, Actuarial, Fund Operations & Projects, the Senior Analyst, Strategic & Actuarial projects will be responsible for:
The Fund is developing its long-term strategy for delivering members benefits taking into consideration recent regulatory developments, including the DB Funding code and impending changes to surplus release legislation, and the evolution of its investment strategy.
In addition, the Fund is implementing strategic decisions already made, including the partial buy-in accomplished in September 2025.
Responsibilities
Reporting to the Senior Manager, Actuarial, Fund Operations & Projects, the Senior Analyst, Strategic & Actuarial projects will be responsible for:
- Supporting the development and implementation of Fund’s long term strategic objectives, through provision of actuarial input and project planning and co-ordination across multi-disciplinary teams (internal and external)
- Supporting the Fund’s compliance with the regulatory requirements for its triennial actuarial valuations, the next one being as at 31 December 2026
Strategy project
- Member of project working group to both help shape analysis and distil findings into key clear messages to support Trustee strategic decision making, collaborating closely with investment and other actuarial colleagues
- Support project steering group who take overall accountability for recommendations, supporting analysis and rationale
- Lead development of project plan and co-ordinate its implementation, ensuring all activities that support Board engagement and decision-making are clearly mapped out and delivered on schedule
- Day to day co-ordination of project workstreams owned by subject matter experts across the Fund including investment, actuarial and operational, ensuring alignment, progress against objectives, and timely delivery vs plan
- Maintain accurate records of key discussions, decisions, and actions
- Support on wider projects requiring material actuarial input (e.g. GMP equalisation, post agreement implementation)
- Support in-house administration team and provide actuarial support as required
- Co-ordinate periodic and ad-hoc issues requiring actuarial input, getting agreement from relevant stakeholders as required (e.g. factors reviews, member queries)
- Support the Senior Manager in handling the relationship with the actuarial advisers
- Assist with preparing and reviewing Board and Committee papers
- Balance delivery of strategic projects while maintaining focus on wider projects and robust BAU and delivery
- Deliver relevant, insightful and accurate analysis, distilling key messages into concise reporting to stakeholders
- Develop and maintain positive relationships with key partners (internal and external), to inform and facilitate development and delivery of Trustee’s objectives, keeping projects on track
Essential Education
- Foundations in actuarial science through study and/or practical work experience
- Experience of working within an actuarial consultancy or in house pensions role
- Highly organised self-starter who can operate and deliver independently as required, handle their time effectively, and provide suitable assurance on work output
- Consistent track record to plan and co-ordinate multi-disciplinary projects, keeping these on track and within budget while navigating challenges
- Analytical but with the ability to distil information into coherent succinct messages for stakeholders
- Excellent communication skills – both verbal and written - with the ability to tailor style and approach for different audiences
- Relationship building and stakeholder management capabilities, with ability to work alongside and co-ordinate multi-disciplinary teams and advisers, and influence as required to keep projects on track
- Ability to see the bigger picture while keeping on top of the detail
- Good understanding of the UK Pensions regulatory environment and issues which may influence changes
- Proficient in Microsoft applications
Optional – additional criteria that are “nice to haves” and could enhance performance of the role
- Actuarial qualification preferable. Will consider candidates who are part qualified and no longer taking exams but have the relevant experience and abilities we are looking for as noted above
- Project management qualification eg Prince
At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation!