Planning & MI Actuary

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 Birmingham, UK ⚠️

Job Type:  9 monthFixed Term Contract

Location: This role will be based in our Birmingham (Wythall) office with time spent working in the office and at home.

**Flexible working:**All of 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.

Closing Date: 26th July 2024

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 incredible opportunity to join us here at Phoenix Group as a Planning & MI Actuary to join our Financial Performance team.

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

This is an opportunity for a qualified Actuary with a keen interest in finance to be challenged in the fast paced and highly visible arena of the Life Division MI.

You will be responsible for providing technical insight and challenge over key financials. You will use your expertise to support the team in delivering accurate, timely and actionable management information and analysis for all levels across the Phoenix Life Division.  It is also important that you use your knowledge to help support and develop our trainee actuaries as they progress through their career at Phoenix.

What are we looking for?

We are looking for a qualified actuary with experience of a Solvency II balance sheet as well as the drivers behind this.Understanding of proxy modelling and it's uses in financial reporting is also key. Knowledge of IFRS reporting would be an advantage.

You will need to be a strong communicator, both in engaging with colleagues in understanding their requirements and in communicating outcomes. You will also need to demonstrate that you are a strong team player with the willingness to work with the team to meet tight deadlines over the year.

Producing MI to tight deadlines requires modelling simplifications and judgement over assumptions, so be prepared to make decisive decisions that hit the right balance between timeliness and accuracy.  Be prepared to challenge the status quo, and devise innovative ways of making improvements to current processes.

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




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
  • 🏖️

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
  • finance
  • consulting
  • operations
  • human resources
  • engineering
  • information technology
  • accounting
  • media and commmunication
  • data science
  • support
  • +8 more teams

Desirable Skills and Experience

  • Solvency II balance sheet
  • Proxy modelling
  • IFRS reporting
  • Strong communication
  • Team player
  • Decision making

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