Actuary

Actuary - Financial Planning - You will have responsibility for the processes of producing projections, particularly of Solvency II balance sheets, taking outputs from other teams and communicating results to the Financial Planning team in Phoenix. You will supervise the work of more junior colleagues, and will have a key review role, challenging results, and explaining them to colleagues in other teams and to senior management.

Career Family, Level & Title: Actuarial, Intermediate, MI Actuary
Job Type: Permanent
Closing Date: 31 January 2023
Salary: £60,000 - £70,000 plus up to 32% bonus, 38 days holiday, PMI, 12% pension
We have a great opportunity to join us here at Phoenix Group as an Actuary working on business plan projections, within the Financial Performance area (part of Actuarial Reporting).
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
You can expect to work in a hybrid manner with time spent working in the office 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
You will have responsibility for the processes of producing projections, particularly of Solvency II balance sheets, taking outputs from other teams and communicating results to the Financial Planning team in Phoenix. You will supervise the work of more junior colleagues, and will have a key review role, challenging results, and explaining them to colleagues in other teams and to senior management. This will include analysing scenario results and producing various estimates through the year.
What are we looking for?
You will be a qualified actuary with experience with the key items on a Solvency II balance sheet, and the kinds of factors that can affect them. Knowledge of IFRS would also be useful.
You will be a good communicator, both in engaging with colleagues in understanding their requirements and in communicating outcomes.
You be comfortable overseeing the work of others and ideally have the skills to manage one or two individuals, supervising their work and actively engaging with their development. You will have a willingness to work with the team to me tight deadlines over the year.
Projecting a life insurance business requires modelling simplifications and judgement over assumptions. So, you will need to be prepared to take a view on these and look for ways to continually improve models. A readiness to improve processes is also highly encouraged.

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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