Senior Analyst, Strategic & actuarial projects

Entity:

Customers & Products

Job Family Group:

Finance Group

Job 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.

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

Supporting the implementation of strategic decisions already made, working closely with the in-house administration team, external advisers and other 3rd parties

Providing ad hoc actuarial input to business as usual activities

Key Accountabilities:

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

Contribute to drafting high-quality papers and materials to support stakeholder engagement and decision making (working group, steering group, Board, company)

Wider projects

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

Business as usual

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

Key Challenges:

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

Essential Experience and Job Requirements:

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

Other Essential Skills and Knowledge:

Good understanding of the UK Pensions

regulatory environment and issues which may influence changes

Proficient in Microsoft

applications

Desirable Criteria:

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

Why join us?

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!

Travel Requirement

Up to 10% travel should be expected with this role