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The Pension Protection Fund (PPF) is a cornerstone of the UK’s defined benefit pensions landscape, providing security to millions of members when their sponsoring employers become insolvent. With a substantial asset base, a strong funding position and a clear public mandate, the PPF is widely recognised for its financial resilience, technical expertise and commitment to delivering for its members.

We are now seeking an exceptional Chief Actuary to play a pivotal role in shaping the financial strategy and long-term sustainability of the organisation. This is a rare opportunity to operate at the forefront of pensions, investment and risk management, combining deep technical expertise with strategic influence.


The role

The Chief Actuary is a critical member of the Executive Committee, responsible for leading the PPF’s actuarial function and providing expert advice to the Board, Executive Committee and key stakeholders.

You will oversee all actuarial matters, including funding strategy, valuation, modelling and risk analysis, ensuring that the PPF remains well-positioned to meet its obligations in a complex and evolving environment. The role works closely across investments, finance, risk and policy, and is central to informing key strategic decisions.

Key responsibilities include:
• Leading the development and delivery of the PPF’s funding and actuarial strategy
• Overseeing valuation methodologies, levy considerations and long-term financial modelling
• Providing expert advice to the Board and Committees on actuarial, financial and risk matters
• Ensuring robust assessment and management of risks, including scheme funding, longevity, market and systemic risks
• Working closely with investment and risk teams to align actuarial assumptions with broader financial strategy
• Contributing to policy thinking and engagement with government, regulators and industry bodies
• Leading and developing a high-performing actuarial team, fostering excellence and innovation
• Ensuring adherence to professional and regulatory standards, including actuarial governance and best practice


The candidate

We are seeking an outstanding actuary with the leadership capability and credibility to operate at the most senior levels of a complex financial institution.

You will bring:
• Qualification as a Fellow of the Institute and Faculty of Actuaries (or equivalent) with proven experience operating at Executive Committee level
• Significant senior actuarial experience within pensions, insurance, asset management or a related financial services environment
• Deep expertise in defined benefit pension schemes, funding strategies and long-term financial modelling
• A strong understanding of investment principles and risk management frameworks
• Experience advising Boards and senior stakeholders on complex actuarial and financial issues
• The ability to translate technical analysis into clear, actionable insight

Beyond your technical expertise, you will demonstrate:
• Strong strategic thinking and sound judgement
• Excellent communication and influencing skills, with the ability to engage both technical and non-technical audiences
• A collaborative leadership style, with a commitment to developing others and building high-performing teams
• Integrity, independence of thought and a strong sense of professional responsibility


Why join the PPF?

The PPF offers a unique environment in which actuarial expertise sits at the centre of decision-making. As Chief Actuary, you will have the opportunity to influence strategy at scale, working across funding, investment and policy in an organisation with genuine public impact.

This role provides:
• A platform to shape the long-term sustainability of a major UK financial institution
• Exposure to complex and intellectually stimulating actuarial challenges
• The opportunity to work closely with senior leaders, policymakers and industry stakeholders
• A highly respected, purpose-driven environment where expertise is valued and impact is tangible


Further information

This role is based in London, with flexible working arrangements available. The PPF is committed to fostering a diverse and inclusive workplace and encourages applications from candidates of all backgrounds.

The closing date for this role is Friday 31st July 2026 at 23:55. For more information and to apply, please visit www.odgers.com/96319