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Insurance Risk Actuary

This job is closed and is displayed for reference only. 

Job Summary

Salary:£65,000 - £80,000 + 20% bonus + 12% car allowance 

Location:Wythall (South Birmingham) 

Working pattern:Permanent 

Closing date:13 December 2017 at midnight 


Making a move to the Phoenix Group offers you the exciting prospect of applying your actuarial knowledge and expertise in a unique setting, with the UK’s largest closed life fund consolidator and one of 'Britain’s Top Employers' for six years running.  We’re industry experts, but we’re always looking for ways to be better.  You can help us deliver the best service to our customers and shareholders, and ensure the ongoing safe management of our policy portfolios, by joining our Insurance Risk team.

The Role:

As a key member of the Insurance Risk team within our Life Actuarial function, you'll have responsibility for monitoring and managing our exposure to insurance risks, and developing the Group’s insurance risk strategy over time.  This is a relatively new team within the Phoenix actuarial family, so there’s a real opportunity to shape the role and to influence the way in which we monitor, measure and respond to the risks to which we’re exposed.  You'll need to understand our exposure in areas such as longevity, persistency, mortality and morbidity, develop initiatives to help us to better understand the key drivers of insurance risks, and look for opportunities to create value from the business as we manage these challenges.

What we're looking for:

As a qualified actuary with relevant and suitable Life industry experience, you will be able to:

• demonstrate up-to-date knowledge of the latest industry developments, techniques and regulatory requirements in respect of insurance risk, particularly within a Solvency II context;
• use your technical know-how and excellent written and verbal communication skills to explain complex technical issues in a concise manner to senior stakeholders and governance committees;
• support the development of more junior colleagues within the team by delegating work appropriately and sharing best practice and knowledge;
• be change-orientated and commercially aware, with the ability to produce high-quality reports and add tangible value to technical discussions; and
• work independently and be able to cope with challenging timescales, with a creative and confident approach to problem-solving and a drive for continuous improvement.

About us:

The Phoenix Group is unique – as the largest UK consolidator of closed life assurance funds, we protect the interests of over 6 million policyholders, with assets under management of over £75 billion.  Careers with Phoenix Group are different; if you’re looking for intellectually challenging work with one of Britain’s Top Employers in an unrivalled environment, we might just be the place for you!

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Flexible working at Phoenix is: "A lifestyle that fuses your personal and professional life."

Phoenix believes in a culture of flexibility, depending on the role we may be able to offer working arrangements that suit your needs. In today's world of work / life challenges we recognise getting this right is important to our employees and the success of our business.

Examples of this may include but are not exclusive to the following:

Part Time: You would work less than full-time hours for the business, perhaps by working fewer days or hours per week.
Flexible hours: Still working your contracted hours, you would have flexibility to start and finish within agreed core working times.
Job Share: Where the role allows you would voluntarily share the duties of one full-time position with another colleague, splitting the hours on a pro-rata basis.
Home working: You would undertake some, or all, of your working duties from home or anywhere else other than the standard allocated place of work (including other Phoenix locations).

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