Salary : Competitive 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

Job Type : Permanent

Job Contact : Beth Owens

Closing date : 29th May 2023

Location : London / Edinburgh / Wythall / Telford. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

We have an incredible opportunity to join us here at Phoenix Group as a Credit Modelling Actuary to join our Credit Modelling 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

You will play a leading role in the development and maintenance of our Solvency II Internal Model actuarial credit methodologies for the Life companies, which underpin the Phoenix Balance Sheet. You will lead work with our Asset Management investment and credit rating specialists to ensure we are capturing the appropriate risks in the Internal Model and can support them through strong analytics / validation evidence.

You will ensure that the methodology developments support and are aligned to the Group risk strategy as well as identify, lead or support with the development and implementation of methodology changes that improve the capital efficiency of Phoenix’s Internal Model.

You will review the impact of relevant emerging regulations and developments within the industry and work with the team to report to the business on the implications of developments as they emerge. You will lead the education of the business on credit risk and associated Solvency II methodologies.

What are we looking for?

• A qualified Actuary with some experience of internal models or credit risk.
• Familiarity with insurance and investment risk, and capital management.
• An understanding of SII requirements.
• Great analytical skills.
• Great stakeholder management and communication skills, being able to influence and build lasting relationships at all levels across the business.
  

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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