Actuarial Technician

Phoenix Group

Flexible working is a core part of our employee offering and it's advertised as standard on all our job adverts, including being open to part-time (e.g. 4 day week @ 80% salary)

Only considering candidates eligible to work in Wythall or Telford, UK ⚠️

Job Type: Fixed Term Contract (12 months)

Location: This role could be based in either our Wythall or Telford offices with time spent working in the office and at home. 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: £50,000 - £55,000 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 incredible opportunity to join us here at Phoenix Group as a Senior Actuarial Technician within our Validation team in Actuarial Services. The Validation Team is responsible for a number of reporting processes.

Who are we?

We want to be the best place that any of our 7,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£259 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

As our Actuarial Technician you will support the business and our customers in line with the objectives of the department and carry out work in a manner that supports Phoenix’s TCF focus and culture.

Please note actuarial study support is NOT available with this role.

The successful applicant will be, but isn’t limited to:

  • Analysing output from actuarial models, to help calculate and populate out-of-model adjustments
  • Preparing balance sheet, P&L and other ad-hoc reporting templates for use in Solvency II reporting
  • Working on out-of-model adjustments for Solvency II SCR reporting and proxy modelling
  • Working closely with qualified actuaries, trainees and other finance professionals to ensure timely and accurate production of reporting templates
  • Working on process driven reports, demonstrating attention to detail and being “Right first time”
  • Setting out and maintaining high level of controls for audit purposes
  • Proactively contribute to the feedback culture, supporting own and others’ development;
  • Fully participate in team meetings and individual 1:1s.

You will collaborate closely with a wide range of teams and colleagues across the whole Group and offer growth, stretch and responsibility to the right person to really make a difference at Phoenix Group.

What are we looking for?

Essential:

  • Actuarial Science Degree or numerate subject;
  • Experience in an actuarial/finance role;
  • Strong analytical skills backed up by a questioning attitude and a desire to build understanding;
  • Able to work effectively as part of a team as well as individually;
  • Committed to taking ownership and accountability for their work;
  • A confident communicator who is delivery-focused, able to communicate clearly with both technical and non-technical colleagues in verbal and written exchanges;

Desirable:

  • Knowledge of Solvency II reporting would be an advantage;
  • Making good progress through actuarial exams with good understanding of actuarial concept as would be expected through experience gained;
  • Ability to appropriately prioritise work and raise issues in good time to enable solutions to be found;
  • A solid level of IT skills, including Excel, Word, Outlook and MS Teams.
  • Knowledge of VBA/SAS.

 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

#LI-MF1

Phoenix Groupthephoenixgroup.com

The UK's largest long-term savings and retirement business.

Working Week

Flexible working is a core part of our employee offering and it's advertised as standard on all our job adverts, including being open to part-time (e.g. 4 day week @ 80% salary)

  • Mon
  • Tue
  • Wed
  • Thu
  • 🏖️
    Fri

Our Vacation Policy

We offer 38 days annual leave including bank holidays, with the option to buy 5 additional days.

  • 38 days PTO
  • 52 unpaid Fridays
  • 90 days off per year

Remote Working Policy

We offer hybrid work with options to work from various UK offices.

Company Benefits

  • Health insurance
  • 401(k) company contribution
  • Transparent Salaries
  • Generous parental leave
  • Dentalcare
  • Equipment allowance
  • Life & Disability Insurance
  • Professional Development Budget
  • Mental Health Support

Our Team

We're a team of 8.2k across 19 departments:

  • business development
    123
  • finance
    105
  • consulting
    76
  • operations
    72
  • human resources
    58
  • engineering
    51
  • information technology
    50
  • accounting
    38
  • media and commmunication
    27
  • data science
    27
  • support
    22
  • +8 more teams

Desirable Skills and Experience

  • VBA
  • SAS
  • Actuarial Science
  • Strong analytical skills
  • Teamwork
  • Communication
  • Solvency II Reporting
  • Excel
  • Word
  • Outlook
  • MS Teams

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