Senior With Profits Technical Actuary

Phoenix Group is the second largest provider of with-profits business in the UK. We are responsible for managing 21 with-profits funds and only one of these funds is expected to close within the next 10 years, demonstrating the longevity of our with-profits business.

We are recruiting for a technical role at the Senior Leadership level to support the effective management of our 21 with-profits funds.

Career Family, Level & Title: Actuarial, Senior Leadership, Principle Professional/Senior Management
Job Type: Permanent
Closing Date: 9th December
Salary:£90,000-£110,000
We have an incredible opportunity to join us here at Phoenix Group as a Senior With Profits Technical Actuary in ourWith Profits Management team on either a full time or part time basis
Who are we?
We want to be the best place that any of our colleagues have ever worked.
We are the UK's largest long-term savings and retirement business with c.13 million customers and c.£300 billion of assets under administration. As a market leader and FTSE100 organisation, we understand that our scale and expertise means that we have a key role to play for our customers, colleagues and our communities to help as many people as possible secure a life of possibilities. We are tackling key environmental and social issues such as transitioning our portfolio to net zero by 2050 - but we're not done yet.
We've seen huge growth and change, and this means there is enormous opportunity for our 7,000 colleagues to grow alongside us.
Flexible working
We can be completely flexible on location for this role. You can choose to work in a hybrid manner with time spent working in any of our UK offices and at home. We believe that work/life balance offers benefits for customers as well as ensuring that you can balance a successful career with your life outside of work. We will discuss flexibility, what is important to you and balancing this with business requirements during the recruitment process.
We want to hire the whole version of you.
We are committed to ensuring that everyone feels accepted and safe at work and are proud to be an equal opportunity employer. Everyone is valued at Phoenix regardless of age, gender identity, neurodiversity, race, disability, sexual orientation, religion, ethnicity, socioeconomic background or anything else. Whether it's joining one of our internal employee networks, being an ally, taking positive action or simply being there to listen, everyone at Phoenix is valued and respected.
If you need any help or adjustments to the recruitment process due to health, disability or anything else, please let us know so we can help you to be the best version of yourself.
The role
Phoenix Group is the second largest provider of with-profits business in the UK. We are responsible for managing 21 with-profits funds and only one of these funds is expected to close within the next 10 years, demonstrating the longevity of our with-profits business.
We are recruiting for a technical role at the Senior Leadership level to support the effective management of our 21 with-profits funds. The work you do will have a direct impact on our with-profits policyholders.
You will be a subject matter expert providing expertise to look across the 21 with-profit funds and identify strategic actions. You will understand the particular risks faced by our with-profits funds and ensure these are managed effectively and mitigated as the funds run off.
You will be responsible for driving forward proposals and the implementation of business developments to improve the fair run off of our with-profits funds. You may also be asked to support wider strategic initiatives impacting with-profit funds, support or own with-profits projects, provide technical consultancy support for BAU activity and/ or perform deep dives into key areas impacting the management of our with-profits business.
You will work in accordance with regulatory requirements, policyholders' reasonable expectations and the principles of treating customers fairly.
We expect you to stay abreast of industry best practice and actions others are taking in the context of with-profits business.
You can expect to work most closely with senior stakeholders including With-Profit Actuaries and be able to take proposals to the With-Profits Committee.

What are we looking for?
A qualified Actuary with experience of with-profit funds.

You will have strong technical expertise and ideally a deep understanding of risks and issues associated with managing with-profits funds in run off.
You will act as an actuarial subject matter expert on strategic business or Group level projects to ensure specialist input is provided to business decision making.
You will have a strategic outlook and the ability to apply sound judgement in complex scenarios, often with considerable uncertainty.
Excellent communication skills mean you will work effectively with a technical actuarial audience up to senior and business leadership level and simplify technical communications to a non-technical audience.
Sound good? If you are ready to help us make Phoenix the best place you've ever worked, we'd love to hear from you.

Why choose us?
Bring your 'whole self', skills and dedication to the Phoenix Group and we'll recognise your effort, support your development and help to drive your ambition. We'll ensure you're rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.
Sound good? If you are ready to help us make Phoenix the best place you've ever worked, we'd love to hear from you.
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