Retirement Solutions Actuarial Balance Sheet Lead

The Actuarial Retirement Solutions Balance Sheet Lead is a new and strategically important role which will build and lead a new team of Review Actuaries, Production Actuaries and Analysts to produce and review monthly and quarterly results for the Phoenix's Retirement Solutions Business.

Role: Retirement Solutions Actuarial Balance Sheet Lead

Job Type: Permanent

Location and flexible working: This role can be based in our Edinburgh, Wythall or Telford offices . 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: £90,000 - £110,000 plus a target 30% bonus up to 60%, 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 incredible opportunity to join us here at Phoenix Group as Retirement Solutions Actuarial Balance Sheet Lead, joining our new established Open Actuarial Reporting and Change team.

As Retirement Solutions Actuarial Balance Sheet Lead, you will establish and lead a team of Review Actuaries, Production Actuaries and Actuarial Analysts to produce and review monthly and quarterly results for the Retirement Solutions business.

Under your leadership this new team will provide vital insight into the financial performance of the Retirement Solutions business through production, validation and review of the Profit and Loss Attribution, Matching Adjustment, Trading Impacts and Capital metrics. You will take a prominent leadership role, working with senior stakeholders, attending governance committees and providing expert knowledge to support strategic decision-making.
Establishing a completely new team, you will have the opportunity to help shape how it operates and interacts across a broad range of production, review and analysis activity, and through managing and supporting the development of several actuarial team members.

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.£310 billion of assets under administration. As a market leader and FTSE 100 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 8,000 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

As Retirement Solutions Actuarial Balance Sheet Lead, you will establish and lead a team of Review Actuaries, Production Actuaries and Actuarial Analysts to produce and review monthly and quarterly results for the Retirement Solutions business, ensuring timely, high quality delivery.

The team will oversee the end-to-end production of the actuarial balance sheet for Phoenix's Retirement Solutions Division. You will provide vital insight into the financial performance of the Retirement Solutions business, including validation and review of the Profit and Loss Attribution, Matching Adjustment, Trading Impacts and Capital metrics. You will take a prominent leadership role, working with senior stakeholders, attending governance committees and providing expert knowledge to support strategic decision-making. Working closely with the Head of Open Actuarial Reporting and Change and the Retirement Solutions Commercial Finance Director, you and your team will play a key role in ensuring that the business can meet its solvency requirements, identifying and implementing management actions.

Your team will also support strategic change projects from across the open business division and you may have the opportunity to act as a business lead on certain projects.
Establishing a new team, you will have the opportunity to help shape how it operates and interacts across a broad range of production, review and analysis activity, and through managing and supporting the development of several actuarial team members.

What are we looking for?

We are looking for a qualified actuary with more than 6 years post-qualified experience and a strong track record of delivery in a commercial environment. Knowledge of financial reporting metrics, including SII and IFRS is highly desirable, as is experience of reporting on those metrics and providing insight and analysis through Profit and Loss Attribution. Experience presenting to senior and executive stakeholders, supporting and influencing decision-making, combined with a strong appetite for change and experience of driving continuous improvement would set you up well for success as the Retirement Solutions Actuarial Balance Sheet Lead.

An understanding of how new business - particularly but not exclusively bulk purchase annuities and equity release mortgages - interact with a Life Insurance balance sheet is desirable. Knowledge of capital metrics and new business capital strain, equity release mortgages, matching adjustment and experience of the assets side of the balance sheet would also fit well with the role.

You will be keen to learn fast in a changing environment, and will bring an ability to build strong relationships and drive action through influence and leadership across boundaries. Experience and ability to influence and communicate effectively with executives at the business leadership level, as well as with SME's across the business is also highly valuable.

As a Senior Leader in our business, development of our team is also critical, therefore experience leading teams and individuals and helping them develop to achieve their potential is also desirable.

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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