Policy Modeller

Pensions Policy Institute

The Pensions Policy Institute (PPI) is an educational charity which provides non-political, independent comment and analysis on public policy on pensions and the provision of retirement income in the UK.

The PPI is considering applications for a policy modeller to join the team based in Holborn, London.

The PPI publishes regular research reports, Briefing Notes and hold policy seminars on a wide range of topics. The PPI has established a strong reputation within the pension industry, in Government circles and with the media for its independent, evidence-based analysis and comment in the field of pensions and retirement policy. Its research findings are used extensively by Government decision-makers and advisers, other political parties, pension and savings providers, employers and trade unions, academics, commentators and the wider public.

The role of policy modeller is to produce modelling results and undertake analysis to feed into the PPI’s research. This will require development and maintenance of the PPI’s suite of models as well as performing statistical analysis upon large data sets. The outputs will need to be appropriately communicated to varying audiences, both verbally and in writing.

The PPI will help in the development of the individual; to improve their technical and communication skills as well as their knowledge of UK pension policy. Over time it is expected the individual to take a greater lead in the work as well as taking a greater responsibility towards the PPI’s modelling capabilities.

The closing date for applications is midnight 12th November 2017. Candidates will be contacted shortly after the closing date. Interviews are likely to take place week of 20th November. Shortlisted candidates will be asked to complete a modelling challenge after the interview (no preparation is required and further details will be given at the interview). The start date is flexible and will be agreed with the successful candidate. Applicants must be able to demonstrate that they have a legal right to work in the UK.

Candidates for the position of policy modeller should send the following to Jennifer Summers, Finance and Admin Officer, Pensions Policy Institute, Kings College, Virginia Woolf Building, 22 Kingsway, 1st Floor, London WC2B 6LE or email to info@pensionspolicyinstitute.org.uk:

1. A cover letter with:

  • Reference to the skills and responsibilities required for the post (see Job Description),
  • Current salary and notice period; and
  • Availability for interview during week 20th

2. A CV with the names of 2 referees (who will not be contacted without prior consent).

For further information please contact Tim Pike, Head of Modelling on 020 7848 3744 or email tim@pensionspolicyinstitute.org.uk.

Job description: Policy Modeller
Report to: Head of Modelling
Location: London, WC2B
Contract Type: Permanent
Salary: £25,000 – £35,000 including a minimum 8% employer pension contribution plus benefits

The specific responsibilities of the post include:

  • Maintaining and developing the PPI models.
  • Incorporating changes to pension policy and other reforms into the PPI modelling suite.
  • Working with others in the PPI team to adapt and develop models for new policies or projects, and to incorporate new data into the models.
  • Building relationships with other modellers in the academic community and Government.
  • Running the models and feeding in findings to research projects, under supervision.
  • Drafting input to research reports and Briefing Notes that relate to findings from the models.
  • Communicating findings to technical and non-technical audiences, both in writing and verbally through presentations.
  • Developing an understanding of pensions policy.
  • Working as part of a team in projects.

Essential skills required for this post include:

  • Strong mathematical and statistical skills.
  • Experience of constructing and using simulation models, and in particular spreadsheet-based models.
  • Written communication skills, in good technical language and plain English.
  • Good interpersonal skills and demonstrable team player qualities.
  • Capability to work independently.

Skills and knowledge for development:

Experience of these would be helpful, but are not expected. They are areas the PPI will help the individual develop

  • A detailed knowledge of VBA.
  • Experience of handling and interrogating large data sets (for example using SAS or SPSS) and the ability to recognise the strengths and limitations of alternative data sets.
  • Experience of any other programming languages, in particular, ‘R’ and SPSS.
  • A knowledge of the UK pension system.