MG-ALFA Team Analyst
- Recruiter
- Phoenix Group
- Location
- West Midlands, Birmingham
- Salary
- £31500 - £38000 per annum + bonus, PMI, Pension, 38 days holiday
- Posted
- 23 Feb 2023
- Closes
- 23 Mar 2023
- Ref
- 8377
- Contact
- The Phoenix Group
- Approved employers
- Approved employer
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Entry level, Internship, Apprenticeship, Placement
We have an outstanding opportunity for individuals keen to develop an actuarial career to join us here at Phoenix Group as a MG-ALFA Analyst working within our MG-ALFA actuarial modelling team.
Job Type: Permanent
Location and flexible working: The role will be based in our Wythall office in the West Midlands. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and benefits:
£31,500- £38,000 plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more
We have an outstanding opportunity for individuals keen to develop an actuarial career to join us here at Phoenix Group as a MG-ALFA Analyst working within our MG-ALFA actuarial modelling team.
Who are we?
We want to be the best place that any of our 8,000 colleagues have ever worked.
We're the UK's largest long-term savings and retirement business. We offer our 13 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£310 billion of assets under administration. We're a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we're not done yet.
The role
The MG-ALFA Team is an actuarial modelling team that sits within the Actuarial Development area. The purpose of the team is to maintain and develop the actuarial model. This includes 'business as usual' (BAU) activity as well as 'project activity'.
The role holder will report directly to one of the Senior MG-ALFA Analysts and perform a number of tasks.
These tasks will include supporting the low level design of the model as well as other actuarial system components. This will lead onto explaining any impact of a new version of the model code on financial statements.
The main task of the role will be to answer questions about the model and the output produced. This will involve communicating to the wider actuarial community.
What are we looking for?
We're looking for a candidate who is interested in an actuarial career.
You should have a basic understanding of actuarial concepts and actuarial modelling coupled with a desire to be able to understand actuarial concepts coded into at least one of the common actuarial software packages (e.g. MoSes, Prophet, MG-ALFA). You will need to be IT literate and ideally have an understanding of actuarial systems architecture.
An understanding of UK Financial Reporting and UK Life Assurance product terms and conditions as well as the standard approaches to modelling them would be desirable but not essential.
You will have a demonstrable ability to understand customer queries, prioritise them, and work out how to go about analysing the problem as well as responding to the customer in a timely manner. You will also be able to demonstrate a proven ability to work independently on tasks whilst managing stakeholders with different levels of technical knowledge.
We want to hire the whole version of you.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we've advertised and you believe that you can bring value to the role, we'd love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Find out more about #LifeAtPhoenix
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
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