With Profits Technical Actuary

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 £90,000 dependent upon experience plus 16% bonus up to 32%, 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 Actuaries 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.

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.

You will be responsible for developing proposals and solutions to simplify our with-profits funds, ensuring the needs of with profits customers are being met along performing analyses to assess the impact of proposals on customer outcomes and consider the fairness of proposals for different groups of customers.  You will lead the preparation of papers and reports for senior management, internal governance committees, boards and regulators and present proposals to a range of stakeholders, including simplifying communications of technical matters for non-technical audiences.

Along with this you will also be responsible for creating pro-forma balance sheets to indicate the financial impact of proposal and balancing business demand, issues and risks by applying sound judgement in complex scenarios, often with considerable uncertainty.

What We’re Looking For

• Qualified actuary with relevant post-qualification with experience in with-profits management or with-profits reporting
• 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 or experience of actuarial projects to deliver change
• Time-management, planning and stakeholder management skills will ensure successful delivery of a mixture of business-as-usual review work, methodology reviews and project work.
• Ability to conduct research and investigations across a range of financial and commercial issues
• Excellent communication skills mean you will work effectively with a technical actuarial audience and simplify communications of technical issues to a non-technical audience.

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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