Helping our customers make the right financial choices as they plan for a better future means that we need to attract, retain and motivate the very best people in the market. We know great people have even great choices when it comes to their career. At Phoenix Group we can offer you a career opportunity second to none with a successful, innovative and growing long term savings and retirement business. Our people are our most important asset.
We currently have an exciting opportunity for a Qualified Actuary to join our Standard Life International (SL Intl) Actuarial Function team based in Dublin. The primary responsibilities of the Actuarial Function team are to support the Head of Actuarial Function (HoAF) sign off of Solvency II results and methodology (including Technical Provisions, SCR, Profit & Loss Attribution), review best estimate bases for non-economic assumptions, and provide annual opinions on Technical Provisions and Underwriting.
Key Responsibilities:
Solvency II
- Co-ordinate and monitor the evaluation of Solvency II results, and oversee general coordination of the governance and sign-off of the calculations. This includes reviewing the appropriateness of:
- the methodology, models and processes used;
- the assumptions, quality of data and modelling granularity used;
- the analysis of change, and
- approximations and limitations - Support the HoAF in the production of the annual Actuarial Opinion on Technical Provisions (AOTP) and the Actuarial Report on Technical Provisions (ARTP)
Basis and Methodology
- Support the HoAF in the production of the annual Underwriting Opinion
- Support the HoAF in reviewing proposals for new initiatives, pricing and product development updates etc. as well as regular product and pricing reviews.
- Support attendance at the Product, Pricing and Profitability Committee (PPPC) representing the Actuarial Function, including providing feedback on new proposals and ensuring that appropriate actions are taken in financial reporting for any changes in the business.
Underwriting & Pricing
- Support the HoAF in the production of the annual Underwriting Opinion
- Support the HoAF in reviewing proposals for new initiatives, pricing and product development updates etc. as well as regular product and pricing reviews.
- Support attendance at the Product, Pricing and Profitability Committee (PPPC) representing the Actuarial Function, including providing feedback on new proposals and ensuring that appropriate actions are taken in financial reporting for any changes in the business.
Other Role Requirements
- Support the HoAF in performing their regulatory duties, including their ongoing relationship with the CBI and issue resolution processes under the intra-group reinsurance agreements.
- Develop and maintain internal relationships within SL Intl (in particular the Finance and Risk functions) as well as the Life Actuarial and Life Finance functions within the Phoenix Group.
- Provide support and key input into various changes or projects within SL Intl (and wider Group) where required.
Required Skills and Personal Attributes:
- Qualified Actuary
- Experience in life insurance industry, in particular with unit-linked, annuities, and with-profits business
- Knowledge of Solvency II Standard Formula methodology and its application in calculations an advantage
- Familiarity with the HoAF’s statutory responsibilities
- Excellent communication skills (written and verbal), both with a technical actuarial audience and also simplifying the communication of technical issues to a non-technical audience.
- Ability to understand key issues quickly and to form sound judgements on what is important
Join us and you join a unique organisation. It’s not just the 14 million policyholders we serve, or the £300 billion of assets we look after. Or that we’re a FTSE 100 company that has been listed as one of the UK's Top Employers for nine years running. It’s our talented, inclusive and diverse workforce that makes us a success. We offer flexible working opportunities ensuring we attract and retain the very best of talent. Find out about more about our people’s stories, our values and our commitment to diversity.
Online Interviews and Onboarding
All our interviews, onboarding and new joiners are now managed remotely. We have in place a strong virtual support network to ensure new colleagues are supported and developed as they navigate their first few months with us
About Us
Phoenix Group is a member of the FTSE 100 index and is the UK’s largest long-term savings and retirement business. We specialise in the acquisition and management of Heritage life insurance and pension funds. We’ve businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe. Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand. And we market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan? Find out more about Phoenix Group here.
We value diversity in our workforce and welcome enquiries from everyone.