London (St Paul's)
Salary: £44,203 to £49,000 + Corporate Benefits
Closing date: 04 June 2018 at midnight
Working pattern: Permanent
This job is closed and is displayed for reference only.
Making the move to Phoenix offers you the exciting prospect of being a key figure in a team of technical experts. Phoenix Group is the UK’s largest specialist consolidator of Closed Life Assurance funds. A member of the FTSE 250 Index, with a premium listing on the LSE and one of ‘Britain’s Top Employers’ for the last 6 consecutive years, we have £1.7 billion of shareholder debt, 6.1 million policyholders and assets under management of £74 billion, including the recently acquired Abbey Life and AXA Wealth businesses.
Based within our Group Actuarial function in Central London, you’ll be part of a growing team focused on the management of the Group’s solvency position, the efficient utilisation of capital across the Group and the delivery of management actions which enhance shareholder value.
Working in partnership with other actuarial and finance teams across the Group, your role will include active involvement in the build, development and application of spreadsheet models to support our actuarial reporting and capital management capabilities. You will be exposed to a large and diverse Group balance sheet and will develop a practical working knowledge of a Group Internal Model which covers a range of funds across our life companies as well as several defined benefit pension schemes.
As a key member of the Group Actuarial team, you will be integral in helping to deliver the Group’s core mission, which is to create excellent value for our shareholders whilst protecting the interests of over six million policyholders. Over time, you will contribute to a variety of deliverables, such as building bespoke models to assess the value of a potential new acquisition, ensuring we’re maximising the financial benefits from our existing portfolios, or looking into the impacts of management actions involving our defined benefit pension schemes. It’s a varied role with a distinctly commercial focus where there’s always something new around the corner.
What we're looking for:
As a part-qualified actuary making good progress with the exams and with of view to qualifying as a fellow of the Institute and Faculty of Actuaries, you must be able to demonstrate experience of building and running spreadsheet solutions within a robust control framework, including appropriate documentation, reconciliation and validation. Whenever new projects and exercises arise, you’ll be comfortable with putting your actuarial skills to good use in developing bespoke modelling solutions.
You should also have a good breadth of technical knowledge in relation to financial services companies and the environments in which they operate – evidenced by a solid knowledge of Solvency II and life insurance company capital structures. Things develop quickly around here, so you’ll ideally be able to demonstrate your experience within a project team environment and possess the necessary adaptability to flourish in a dynamic culture.
We believe in building strong, collaborative teams, so you’ll be an excellent communicator used to dealing with a range of stakeholders, and the type of person who has the drive and commitment to get things done! You’ll also need to maintain strong relationships with actuarial colleagues in our life companies to ensure consistent and appropriate actuarial practice is being applied across the Group.
All in all, it’s a great role with plenty of variety and technical exposure, offering a real opportunity to develop your actuarial expertise in a group head office. If you think you have what we're looking for, then we'd love to hear from you!
In return, you can look forward to a great package, excellent conditions and a superb working environment, plus the chance to make your mark in a rapidly developing FTSE listed company.
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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).
If you have any difficulties with your application, please email the Resourcing Team at firstname.lastname@example.org