Salary: £37,600 - £47,000 + excellent benefits
Closing date: 20 February 2017 at midnight
Working pattern: Permanent
This job is closed and is displayed for reference only.
Want to embark on the next phase of your actuarial career with one of Britain's Top Employers? Then read on!
The successful applicant will be joining our Production Support team, a technical team that is responsible for the front-line initial review, reporting and consolidation of financial results from MG-ALFA, our cloud-based actuarial modelling platform. The implementation of MG-ALFA has already enabled a high degree of harmonisation across our actuarial reporting processes, and we're creating new efficiencies all the time with the recent introduction of a suite of new strategic reporting tools. But we're always looking at ways to do things better, and we have a continued commitment to accelerate our reporting timescales whilst providing timely, accurate and high-quality analysis of our asset and liability results, all the time ensuring we adhere to a rigorous risk management framework.
The role will involve exposure to, and analysis of, the results of asset and liability calculations on different reporting bases for a range of our with-profits and non-profit funds, so there will be plenty of opportunity to learn more about how different funds behave, and how the key metrics of our business are generated, reported and disclosed to internal and external stakeholders. You will have the opportunity to become an expert within a number of financial metrics and processes across our funds, with exposure to “Business As Usual” and project activity as required. You may also support the analysis of outputs from future waves of MG-ALFA testing and development, ensuring results are as expected and helping to report and resolve defects if they are not.
You'll be working with a wide range of colleagues, including Review Actuaries, internal Risk functions and Actuarial Systems specialists, as well as helping to develop the skills of the talented trainee actuaries and junior technicians within the team. All in all, it’s an exciting opportunity to be a part of Phoenix Group’s ongoing journey towards accelerated, high-quality actuarial reporting fit for the challenges of the future.
What we're looking for:
Having already completed the CT series of exams of the Institute and Faculty of Actuaries (or with significant actuarial experience to an equivalent level), you must be able to demonstrate a high degree of technical actuarial knowledge and know-how, along with a good level of commercial awareness and proven analytical ability.
You should be able to demonstrate solid IT skills, along with a proven track record in delivering high quality work in a controlled manner within a strict operating framework. An ability to clearly communicate findings and recommendations to senior actuarial colleagues and other stakeholders will also be essential. Our actuarial systems are capable of producing large volumes of results in compressed time frames, and there’s always a lot going on in the team, so an ability to work to tight timescales and to use your knowledge and instincts to make quick, sensible conclusions from large amounts of information will be a real benefit in this role. Experience of actuarial modelling systems and associated data and processes, plus an appreciation of the importance of applying actuarial controls within a regulatory environment, will be an advantage.
Please note, this role does not offer formal study support towards the IFoA actuarial exams.
Phoenix Group is the UK's largest specialist closed life fund consolidator with approximately 6.1 million policyholders and in excess of £74 billion of assets under management. Because we're closed to new business, we can focus on the efficient run-off of existing policies, maximising economies of scale and generating capital efficiencies through operational improvements, whilst ensuring excellent outcomes for our policyholders. When you join Phoenix, you’re joining a well-respected business with a proud history and an exciting future. As well as intellectually challenging and professionally rewarding work, you’ll enjoy superb career development, outstanding rewards and benefits, and an unrivalled working environment. See where a career at Phoenix Group could take 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).
If you have any difficulties with your application, please email the Resourcing Team at firstname.lastname@example.org