Annuities Reinsurance Actuary

2 weeks ago

Edinburgh, Edinburgh, United Kingdom Phoenix Group Full time

Salary:
Up to £91,000 per annum (dependant on experience), plus bonus, 38 days holiday, including bank holiday, pension, private medical cover and lots more

Job Type:
Permanent

Job Contact:

Location:

Hybrid**:
- **London, Edinburgh or South Birmingham offices


We have an incredible opportunity to join us here at Phoenix Group as an Annuities, Reinsurance Actuary to join our Annuity Client Services Team within Retirement Solutions to implement the strategy for the management of in-force reinsurance portfolio.


Who are we?
We want to be the best place that any of our colleagues have ever worked.


We are the UK's largest long-term savings and retirement business with c.13 million customers and c.£300 billion of assets under administration.

As a market leader and FTSE100 organisation, we understand that our scale and expertise means that we have a key role to play for our customers, colleagues and our communities to help as many people as possible secure a life of possibilities.

We are tackling key environmental and social issues such as transitioning our portfolio to net zero by but we're not done yet.


We've seen huge growth and change, and this means there is enormous opportunity for our 7,000 colleagues to grow alongside us.


Flexible working
You can expect to work in a hybrid manner with time spent working in the office and at home.

We believe that work/life balance offers benefits for customers as well as ensuring that you can balance a successful career with your life outside of work.

We will discuss flexibility, what is important to you and balancing this with business requirements during the recruitment process.

We want to hire the whole version of you.


We are committed to ensuring that everyone feels accepted and safe at work, and are proud to be an equal opportunity employer.

Everyone is valued at Phoenix regardless of age, gender identity, neurodiversity, race, disability, sexual orientation, religion, ethnicity, socioeconomic background or anything else.

Whether it's joining one of our internal employee networks, being an ally, taking positive action or simply being there to listen, everyone at Phoenix is valued and respected.


If you need any help or adjustments to the recruitment process due to health, disability or anything else, please let us know so we can help you to be the best version of yourself.


The role


Working closely with the Head of Client Services, you will support many aspects of the overall reinsurance operations journey, the role would fit somebody looking for a challenge and has experience in ensuring reinsurance arrangements are administered efficiently and accurately.


  • You will be responsible for checking / reviewing technical accuracy of Reinsurance Accounts reports and Collateral Valuations.
  • Reviewing annual cleanse materials, including data changes, premium calculations and surrender amounts, ensuring technical accuracy throughout.
  • Developing bespoke excel modelling tools to validate onboarding and accuracy of ongoing materials produced by strategic reinsurance platform.
  • Development of clear, efficient and robust processes to be used by the wider team. Responsible for continuous improvement of these processes to ensure they remain appropriate.
  • Working with the New Business Reinsurance team to ensure all new contracts are operationally viable prior to transaction.
  • Training new and existing members of the team in any appropriate operational developments.
  • Ensuring all processes and templates are clearly documented and have a suitable audit trail and version control.
  • Follow the best practises with respect to the management of our reinsurance contracts.

What are we looking for?


We are looking for an individual who prides themselves on building and maintaining quality stakeholder relationships and has a keen eye for detail.


You must be a qualified Actuary with a good technical knowledge and ability to fully understand and learn the workings of our reinsurance platform.

Have experience working within the pensions and/or life and/or longevity reinsurance space.


It would be ideal if you had commercial knowledge of pension de-risking products including bulk annuities and longevity swaps would be desirable and experience with reinsurance arrangements.


You will be very self-aware with the desire to exceed expectations and demonstrate resilience in overcoming challenges and determination to deliver results for the business.

Have a willingness to develop and progress in the role, highlighting and engaging with any training needs as appropriate. You will have the ability to work to defined and tight timescales whilst maintaining professional standards.

Why choose us?


Bring your 'whole self', skills and dedication to the Phoenix Group and we'll recognise your effort, support your development and help to drive your ambition.

We'll ensure you're rewarded for your contribution with a c

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