Phoenix Group
Phoenix Group
5,001 – 10,000 Employees
FinanceHealthcare InsuranceInsurance
Phoenix Group is a UK-based financial services company focused on long-term savings and retirement, with expertise in closed-book pensions and life insurance. It manages established portfolios that are no longer open to new customers while continuing to serve policyholders through open businesses including Standard Life and SunLife. Its customer brands also include Phoenix Life and ReAssure. Phoenix Group’s teams work across offices throughout the UK, with additional operations in Dublin and Frankfurt, supporting customers, colleagues, and communities across its finance and insurance businesses.

With-Profits ALM Actuary

Oversee asset-liability management for £36 billion across 22 Standard Life retirement funds. Monitor risk, support hedging and reporting, and advise senior leaders while improving controls.

Description

  • Track risk across with-profits funds.
  • Propose actions to senior leaders and secure approval.
  • See approved actions through to completion.
  • Review and challenge inputs from Finance Reporting actuaries and other teams.
  • Coordinate with Asset Management on investments.
  • Respond to questions from teams using ALM outputs and help them complete follow-up actions.
  • Improve processes and efficiency while maintaining strong controls.
  • Supply technical analysis and outputs for projects involving With-Profits ALM.
  • Supervise and mentor colleagues.
  • Contribute to projects across the With-Profits area.

Requirements

  • Be a qualified or part-qualified actuary with relevant post-qualification experience.
  • Ideally, have prior experience in with-profits or asset-liability management.
  • Understand with-profits balance sheets, including capital requirements.
  • Communicate effectively in writing and verbally.
  • Ideally, understand asset classes used in with-profits funds and their role in balance-sheet hedging.

Benefits

  • Indicative bonus of 16% to 32%.
  • Private medical cover.
  • 38 days of annual leave.
  • Pension plan.
  • Life assurance at 12 times salary.
  • Income protection.
  • Three volunteering days.
  • Part-time, job-share and other flexible work options.
  • Flexible working arrangements.

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