Capital Review Actuary - #1621541

Job Type: Permanent 

Location: This role could be located at either our Wythall, Edinburgh or London Offices with the flexibility for remote working.  

Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.  

Closing Date:  20th April

Recruiter: Tim Singh

Salary and benefits: £75,000 - £85,000 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 

We have an incredible opportunity to join us here at Phoenix Group as a Capital Review Actuary in our Retirement Solutions Actuarial Balance Sheet team. 

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  

As a Capital Review Actuary you will work with the Retirement Solutions Balance Sheet Lead to establish new processes and tools to produce and review monthly Profit and Loss Attribution analysis across Phoenix’s Retirement Solutions business (including Bulk Purchase Annuities, Individual Annuities and Equity Release Mortgages). You will also support a range of ad-hoc investigations. 

Your particular focus will be on:

• Reviewing and analysing SCR impacts to assess the impact of new business, assets trading decisions and management actions


• You will develop a high quality package of regular analysis and insight into the actual and expected movements in the Retirement Solutions balance sheet in responses to changes in demographic and economic assumptions, loss function calibrations and strategic asset trading impacts. 

This role gives you the opportunity to gain exposure and collaborate with colleagues and senior stakeholders across the business ultimately enabling you to provide vital insight to support strategic decision-making. 

The team will also support strategic change projects, and you will have the opportunity to act as a business lead on certain projects. 

What are we looking for? 

We are looking for a qualified Actuary with experience in actuarial reporting 

An understanding of how new business interacts with a Life Insurance balance sheet is desirable, as is knowledge of capital metrics and new business capital strain and a particular understanding of annuity business, matching adjustment and experience of the assets side of the balance sheet. Knowledge of financial reporting metrics, including SII is also a key requirement. 

Someone who is keen to learn quickly in a changing environment having a strong appetite for change and experience of driving continuous improvement will fit well with the role.

You will have an ability to build strong relationships and drive action through influence and collaboration across boundaries, combined with experience and ability to influence and communicate effectively with a variety of colleagues and senior stakeholders from different disciplines across the business.

If you are a qualified actuary with experience in actuarial reporting, or other life actuarial disciplines with proven experience of delivering results in a commercial environment, we would love to talk to you about what a career at Phoenix might look like.  

An understanding of how new business interacts with a Life Insurance balance sheet is desirable, as is knowledge of capital metrics and new business capital strain and a particular understanding of annuity business, matching adjustment and experience of the assets side of the balance sheet. Knowledge of financial reporting metrics, including SII is also a key requirement. 

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.  

Find out more about #LifeAtPhoenix  

Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates 

Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us  

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