Head of Matching Adjustment

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 + 3 more, UK ⚠️

Job Type: 6 month fixed term contract

Location: This role could be based in either our Wythall, London, Telford or Edinburgh offices with time spent working in the office and at home. All roles are advertised as open to part-time and job-share using the statement below. You can read more about Phoenix Flex here

Closing Date: 16th June

Salary and benefits:  £135,000 to £145,000 depending on experience plus 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

Contact: Beth Wood

We have an incredible opportunity to join us here at Phoenix Group as an interim Head of Matching Adjustment to join our Matching Adjustment team.

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 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 business that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

As an interim Head of Matching Adjustment, you will lead the development of the Group’s Matching Adjustment application, with focus on delivering expanded approvals for illiquid asset deployment and optimisation of the fund.

You role will also:

  • Develop strategies for improving capital efficiency of assets warehoused outside the Matching Adjustment fund
  • Primary subject matter expert when engaging with internal and external stakeholders on the issues relating to the Matching Adjustment, including advisory to International business
  • Drive capital optimisation through management actions
  • Support the development of a plan for business excellence for the Retirement Solutions Actuarial team and support the objective of creating market-leading tools, teams and processes that link seamlessly with origination, Asset Management and Finance.
  • Ensure that all actuarial and financial management standards and frameworks are adhered to
  • Support the wider Phoenix Group strategy and embrace the leadership challenge of driving Actuarial and the Group to its next stage of development.

What are we looking for?

We are looking for someone who is an excellent relationship builder able to drive complex and challenging initiatives working across functional boundaries, and someone who can use a range of communication and influencing techniques to gain support and buy-in from stakeholders.

Strong knowledge of Matching Adjustment and Solvency II regulation and considerations will be key to delivering the optimisation ideas needed to drive the business forward in a and compliant manner.

Experience of supporting investment solutions within an insurance environment, covering multi-asset portfolios and ALM solutions.

Inspiring people leadership is required to ensure we build a strong, engaged team and develop our internal talent.

If you enjoy driving complex change, thrive in a dynamic and developing environment, and want to be part of building and working as a team, then this role will suit you well.

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

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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
  • Flexible working hours
  • Generous parental leave
  • Dentalcare
  • Equipment allowance
  • Life & Disability Insurance
  • Professional Development Budget
  • Mental Health Support

Our Team

We're a team of 7.9k across 19 departments:

  • business development
    142
  • finance
    116
  • consulting
    92
  • operations
    78
  • human resources
    57
  • information technology
    52
  • engineering
    43
  • media and commmunication
    38
  • accounting
    37
  • data science
    28
  • support
    24
  • +8 more teams

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