Location: Wythall/London/Edinburgh/Telford with hybrid working

Closing Date : 4th June 2023

Salary and benefits : Competitive salary plus 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

Recruiter: Beth Owens

We have an incredible opportunity to join us here at Phoenix Group as an Insurance Risk Assumption Manager to join our Insurance Risk Tea m.

Who are we?

We want to be the best place that any of our 6,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£259 billion of assets under administration. 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 exciting opportunity to join the Insurance Risk Team as Insurance Risk Assumption Manager leading the team responsible for setting our annuity longevity best estimate assumptions and longevity and mortality stress calibrations. You will see first-hand how important longevity assumptions are for our business with our portfolio being one of the largest annuity books in the UK. There has never been a more interesting time to get involved in the research and modelling of longevity risk and the Insurance Risk team is the ideal place to develop and enhance these skills.

Helping our customers make the right financial choices as they plan for a better future means that we need to attract, retain and motivate the very best people in the market. We know great people have even great choices when it comes to their career. At Phoenix Group we can offer you a career opportunity second to none with a successful, innovative and growing long-term savings and retirement business. Our people are our most important asset.

What are we looking for?

• Lead, develop, coach and mentor actuarial trainees and analysts as required to maximise their contribution and ensure they are fairly rewarded.
• Advise senior management on all aspects of longevity and mortality risk and represent our business area appropriately within cross divisional projects.
• Own longevity best estimate assumption methodology and assumptions.
• Communicate effectively with a technical actuarial audience and simplify communications of technical issues to a non-technical audience.
• Prepare papers and reports for senior management and executives as required.
• Continually look to enhance processes and procedures and work across boundaries to deliver effective solutions for the business.
• Contribute to the specification, development and testing of complex propositions or numerical models, analysing a range of business data, making recommendations to Senior Actuaries and/or senior management to support decision making.
• Lead small scale projects or elements of large scale more complex (12 month plus duration) projects to support the business.
• Apply commercial understanding of the business to ensure financial, business & actuarial advice is aligned with the business needs.
• Regularly work to defined and tight timescales whilst maintaining professional standards.
• Balance business demand, issues and risks by applying sound judgement in complex scenarios, often with considerable uncertainty.
• Maintain up to date regulatory, business & professional knowledge in an environment of fast moving regulatory change.
• Maintain breadth and depth of technical understanding to meet Continuing Professional Development requirements.

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.

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