Pensions Actuarial & Investment Manager

What's the role The role reports directly to Head of UK Pensions and is responsible for overseeing the integrated investment and funding strategy alongside the Head of UK Pensions. Shell sponsors six UK-linked pension schemes covering around 50,000 members, has around £20 billion of assets and makes benefit payments approaching £900 million a year. In addition to the principal UK defined benefit plan there are other funded and unfunded defined benefit plans in the UK, an international plan with benefits in over 40 countries and over 30 currencies and a UK defined contribution plan.The role is part of the leadership team of Shell's UK Trustee Services Unit which provides executive pensions support to the trustees of Shell's pension schemes in the UK. The Trustee Services Unit operates as a division of Shell International Limited and is part of Group Treasury.The pension plans have well developed Journey Plans which target reduced investment risk and funding risk being taken over time, towards the aim of reaching self-sufficiency. The Journey Plans integrate the Covenant Assessment of a large multi-national energy company with the funding needs and investment strategy to achieve the objective. The Pensions Actuarial and Investment Manager will continue to develop the strategy to ensure it remains appropriate for the changing external environment and requirements of the plans, working with the Head of UK Pensions, Chair of the Investment and Funding Committee and Chairs of the trustee boards.Leading the executive support and being the Secretary to the Investment and Funding Committee for the principal UK pension plan which has around £12 billion of assets. The Investment and Funding Committee oversees the investment management of the plan, monitors the funding position and investment performance and recommends the investment strategy and funding strategy to the Trustee Board. Day-to-day investment management for the plan is undertaken by an external Fiduciary Investment manager. This role is the principal point of contact with the Investment Manager.Work with the external actuarial, investment and covenant advisers to ensure high quality advice is provided to the trustee boards and committees on all relevant matters. Current projects include reviewing the Journey Plan in light of the changing regulatory environment related to funding, surplus and run-on.Excellent knowledge of UK defined benefit pension schemes Deep knowledge of UK pension legislation and pension scheme funding requirements Knowledge and experience of external market practices and products in pensions Good knowledge of strategic investment matters and a wide range of asset classes Self-starter and effective team player Ability to influence, develop and lead complex matters Ability to contribute to the development of the broader Trustee Services Unit. What we offer You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You'll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You'll be able to balance your priorities as you become the best version of yourself.- Continuously grow the transferable skills you need to get ahead.Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.We are committed to attracting a broader and more diverse pool of candidates. If this position doesn't feel like the perfect fit for your qualifications right now, we'd still love to hear from you. Consider creating a profile in our Talent Community so we can keep you in mind for future opportunities that may align with your skills. In the years ahead, as the UK looks to strengthen energy security and deliver its 2050 net-zero goal, Shell UK aims to play a crucial role.We aimto be a major investor in the UK energy system by helping our customers decarbonise with a focus on transport and industry.You can be a part of the future of energy. Together at Shell, we are transitioning to become a net-zero emissions business while providing the energy that people around the world need today. Working with experienced colleagues , you'll have the opportunity to develop your skills, in an environment where we value honesty, integrity and respect for one another. At Shell, you progress as we tackle the energy challenge together.