The Role
Provide actuarial, technical and commercial advice to support business decision-making. Develop and test complex models and propositions, prepare management reports, lead small projects, mentor actuarial trainees, maintain regulatory and professional knowledge, and communicate technical issues to non-technical stakeholders across the business.
Summary Generated by Built In
Career Family, Level & Title: Actuarial. Intermediate, Lead Professional/Manager
Job Type: Permanent
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’re currently recruiting for a Model Development Actuary to join the European Actuarial Function in Ireland to provide actuarial modelling subject matter expertise for SL Intl to stakeholder across the business and to act as the principle point if contact with the centralised UK model development team. This is to support and ensure the accurate valuation of SL Intl's policy liabilities and ensure effective decision making on order to deliver the company strategy.
Key Responsibilities
- Lead the specification, development and testing of actuarial models used in the valuation and pricing of Standard Life International's life insurance products, including any control frameworks and policies.
- Engage regularly with the UK model development team to ensure Standard Life International's schedule of model developments is maintained, up-to-date and prioritised appropriately.
- Provide subject matter expertise on actuarial modelling to the Head of Actuarial Function and wider team (Actuarial Function). This extends to locally developed models and adjustments to ensure they are robust and meet all required standards.
- Represent Standard Life International in group-wide modelling forums and working groups
- Contribute to the preparation of papers and reports for senior management and executives as required, with suitable supervision.
- Communicate effectively with a technical actuarial audience and simplify communications of technical issues to a non-technical audience.
- Continually look to enhance processes and procedures to deliver effective solutions for the business.
- Provide technical leadership in key areas of expertise and represent business area appropriately within cross divisional projects.
- Maintaining up to date regulatory, business & professional knowledge in an environment of fast moving regulatory change.
- Maintaining breadth and depth of technical understanding to meet Continuing Professional Development requirements.
- Communicating complex concepts and recommendations to multiple stakeholders across the business both in Ireland, the UK and Germany.
- Regularly working to defined and tight timescales whilst maintaining professional standards.
- Balancing business demand, issues and risks by applying sound judgement in complex scenarios, often with considerable uncertainty.
What We’re Looking For
Essential
- Fellow of the Society of Actuaries in Ireland (or equivalent)
- In-depth experience of developing or interrogating actuarial modelling platform
- Ability to work collaboratively with a range of stakeholders across the business and in various geographical locations
- Education - Undergraduate Degree (or equivalent)
- Languages - English
What We Offer
Bring your ‘whole self’, skills and dedication to the Phoenix Group and we’ll recognise your effort, support your development and help to drive your ambition. We’ll ensure you’re rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.
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.
Key Competencies
- Analytical Skills
Use of a variety of diagnostic techniques to understand a situation/issue/problem by breaking it down and tracing the root cause/underlying implications in a methodical step-by-step way.
- Communication Skills
Clearly and effectively communicates information, ideas, plans, requests and opinions to internal and external stakeholders through a range of channels including written and oral. Ensures alignment with communication guidelines and policies.
- Delivering Results
Meeting and exceeding performance goals and expectations to deliver results.
- Impact & Influence
Influencing others to achieve a positive impact. This includes communicating clearly, building support for ideas and having an impact on other people.
- Innovation and Creativity
Ability to generate and implement creative solutions and novel ways to achieve goals.
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.
Skills Required
- Undergraduate Degree or equivalent
- English language proficiency
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The Company
What We Do
Standard Life champions the belief that everyone’s journey to and through retirement can be better, using our size, expertise and influence - to shape the world our customers will retire into.
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