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
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.
Closing Date: 17/11/2024
Salary and benefits: £40,000 - £45,000 plus discretionary 8% - 16% bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more.
Recruiter: Tim Singh
We have an incredible opportunity to join us here at Phoenix Group as a Senior Actuarial Reporting Technician to join our Assumptions Team within the Actuarial Services.
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
In this role, you will be responsible for supporting the development, implementation, and maintenance of actuarial assumptions used in our financial models and reporting. You will work closely with the actuarial, finance and other teams to ensure the accuracy, consistency, and compliance of assumptions that underpin our financial reporting, risk management, and strategic decision-making processes.
What are we looking for?
Key Responsibilities:
- Assist in quarterly update and review of actuarial assumptions for use in financial valuation, reporting and risk management.
- Collaborate with review actuaries and other stakeholders to gather, analyse, and validate input data required for assumption setting.
- Support the preparation of assumption updates, ensuring compliance with regulatory and internal standards.
- Conduct data analysis to inform assumption updates.
- Contribute to the improvement of assumption-setting processes and tools.
- Provide technical support and training to junior team members.
- Ensure timely and accurate delivery of actuarial reports and analysis.
Qualifications and Experience:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Several years of experience in an actuarial role, preferably within life and pensions insurance.
- Strong knowledge of actuarial principles, financial modelling, and assumption setting.
- Proficiency in actuarial calculations and advanced Excel skills.
- Excellent analytical and problem-solving abilities; attention to detail.
- Strong communication skills, both written and verbal.
- Ability to work effectively in a team and manage multiple tasks concurrently.
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.