Trainee Actuary - With Profits Transformation

Location and flexible working: Wythall (Birmingham) or Edinburgh. All our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

Job Type: Permanent

Closing Date: 21st March

Salary and benefits: Up to £60,000 dependent upon experience plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more

Recruiter: Douglas Smith

We have an incredible opportunity for a Senior Trainee Actuary to join our With Profits Management Team and help us transform how we manage our with-profits business. Phoenix is the second largest provider of with-profits business in the UK with 22 With-Profits Funds. We are undertaking a large strategic programme to transform our with-profits funds, ensuring we deliver good outcomes for our with-profits customers.

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. 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

You will support a significant change programme that will deliver structural changes to with-profits funds such as mutualising 90:10 funds, merging funds, buying out of blocks of business and internal reinsurance by supporting qualified actuaries to develop proposals and solutions to simplify our with-profits funds, ensuring the needs of with profits customers are being met.

You will update analyses to assess the impact of proposals on customer outcomes and consider the fairness of proposals for different groups of customers along with helping to prepare papers and reports for senior management, internal governance committees, boards and regulators.

Along with building proficiency in communicating effectively with a technical and non-technical audience, through simplifying complexity, to allow informed decision making and controlled risk-taking

What We’re Looking For

• Part or nearly qualified actuary ideally with experience of with-profits management, with-profits reporting or working on actuarial projects to deliver change
• Ideally have experience in delivering structural changes to with-profits funds such as fund mutualisation, fund mergers, buying out of blocks of business, internal reinsurance
• Strong problem solving and analytical skills and the ability to work quickly and accurately with a high attention to detail
• Effective prioritisation of own workload and be highly organised with good planning skills

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.

Please note that we reserve the right to remove adverts earlier than the advertised closing date. We encourage you to apply at the earliest opportunity.

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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