Reinsurance Actuary, Commercial

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🕒 February 11

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Phoenix Group

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5001 - 10000 employees

Phoenix is the UK’s largest long term savings and retirement business. Our customer brands include SunLife, Standard Life, Phoenix Life, and ReAssure. While we have a thriving ‘open’ business through the Standard Life and SunLife brands, a key driver of value for us is our expertise in managing ‘heritage’ books of business no longer open to new customers.

📋 Description

• Your primary focus will be supporting the delivery of reinsurance solutions for our Retirement Solutions business including supporting the team on the live deal pipeline • Sourcing and assessing reinsurance (flow and facultative) to achieve optimal outcomes and supporting deal execution in a structuring and project management capacity • Performing analytical analysis to check the commercial viability of prospective longevity swap and funded reinsurance transactions and making recommendations on strategy to maximise chances of success • Supporting the negotiation, documentation and governance required to on-board new arrangements including ensuring all relevant risks are appropriately managed and controls are operated • Enhancing and embedding streamlined processes and delivering efficiencies across all reinsurance activity • Expanding reinsurance capabilities and supporting strategic projects. Engaging with senior internal stakeholders and taking them along the journey where new developments are necessary

🎯 Requirements

• Technical aptitude and strong analytical skills (data manipulation and cashflow modelling) with keen eye for detail • Knowledge of the BPA market, longevity underwriting or previous experience in insurance/reinsurer/DB de-risking • Demonstrated ability to build and maintain quality stakeholder relationships • Commercial knowledge of pension de-risking products including bulk annuities and longevity swaps would be desirable • Newly Qualified Actuary, with experience in the pension or life specialism • Experience in performing longevity experience analyses

🏖️ Benefits

• c.£75,000 (subject to experience) + bonus • excellent pension scheme • private medical insurance • electric vehicle scheme • 38 days holiday incl. Bank Holidays • 12x salary life assurance • career breaks • income protection • 3x volunteering days • much more.