Planning and MI Review Actuary (Retirement Solutions)

The Planning and MI Actuary will work with the Open Actuarial Planning, MI and New Business Lead to establish a team of Review Actuaries and Actuarial Analysts to produce and review monthly MI and actuarial inputs in respect of Phoenix's Annual Operating Plan for the Retirement Solutions business.

Title: Planning and MI Review Actuary (Retirement Solutions)

Location: This role can be based in our Edinburgh, Wythall or Telford offices

Salary and benefits: £70,000 - £80,000 plus a target 16% bonus up to 32%, 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 to join us here at Phoenix Group as a Planning and MI Actuary in our newly established Open Actuarial Planning, MI and New Business team.

As a Planning and MI Actuary you will work with the Open Actuarial Planning, MI and New Business Lead to establish a team of Review Actuaries and Actuarial Analysts to produce and review monthly MI and actuarial inputs in respect of Phoenix's Annual Operating Plan for the Retirement Solutions business.

You will develop new processes and enhance existing processes to create a high quality package of monthly MI with supporting analysis to provide insight into the Retirement Solutions balance sheet and how it is expected to respond to planned new business volumes, which you will then run and maintain once established as regular processes.
You will work collaboratively with colleagues and senior stakeholders across a wide range of teams in Phoenix, including the Financial Reporting Centre, Retirement Solutions Commercial Finance and the Open Division Finance Function, to provide vital insight to support strategic decision-making.

Joining a completely new team, you will have the opportunity to help shape how it operates and interacts and will manage and support the development of 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.

The role

As a Planning and MI Actuary you will work with the Open Actuarial Planning, MI and New Business Lead to establish a team of Review Actuaries and Actuarial Analysts to produce and review monthly MI and actuarial inputs in respect of Phoenix's Annual Operating Plan for the Retirement Solutions business.
You will develop new processes and enhance existing processes to create a high quality package of monthly MI with supporting analysis to provide insight into the Retirement Solutions balance sheet and how it is expected to respond to planned new business volumes, which you will then run and maintain once established as regular processes.
You will work collaboratively with colleagues and senior stakeholders across a wide range of teams in Phoenix, including the Financial Reporting Centre, Retirement Solutions Commercial Finance and the Open Division Finance Function, to provide vital insight to support strategic decision-making.

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.

Joining a completely new team, you will have the opportunity to help shape how it operates and interacts and will manage and support the development of actuarial team members.

What are we looking for?

We are looking for a qualified actuary with varied experience in actuarial reporting, or other life actuarial disciplines with 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. Experience of delivering consistent quality work within fixed and often tight deadlines is also highly relevant to the role.

You will be keen to learn quickly in a changing environment as well as having a strong appetite for change. Your demonstrable experience of driving continuous improvement will fit well with the role.

Ideally you will have an understanding of how new business interacts with a Life Insurance balance sheet , as is knowledge of capital metrics and new business capital strain coupled with a particular understanding of annuity business, matching adjustment and experience of the assets side of the balance sheet. Good working knowledge of the Defined Benefits (e.g. BPA) and Long Term Mortgage (e.g. ERM) markets is also desirable.

You will have a proven ability to build strong relationships and drive action through influence and collaboration across boundaries, combined with experience and ability to influence and communicate effectively with a variety of colleagues and senior stakeholders from different disciplines across the business.
Building capability through developing our people is hugely important at Phoenix. As an actuary in the Open Actuarial Planning, MI and New Business team you will play a role in the development and management of actuarial analysts and trainee actuaries in the team.

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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