Reinsurance Actuary, RS&AM

Job Description

We have an incredible opportunity to join us here at Phoenix Group as a Reinsurance Actuary in our Annuity Client Services team within RS&AM.

Permanent

This role could be based in either our London or Edinburgh office, working two to three days per week in the office. We recognise the benefits of flexible working and will discuss what is important to you and balance this with business requirements during the recruitment process.

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 balance this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

£55,100 - £80,000 depending on experience plus bonus, private medical cover, 38 days annual leave, excellent pension, 12× salary life assurance, career breaks, income protection, 3× volunteering days and much more.

Working closely with the Actuarial Operations Lead, you will support many aspects of the overall reinsurance operations journey. The role would fit'aka looking for a challenge and has experience in ensuring reinsurance arrangements are administered efficiently and accurately.

• Responsible for reviewing the technical accuracy of Reinsurance Settlement reports and Collateral Valuations covering a number of longevity based products.
• Responsible for reviewing annual cleanse materials, including data changes, premium calculations and surrender amounts, ensuring technical accuracy throughout.
• Developing bespoke Excel modelling tools to validate onboarding and accuracy of ongoing materials produced by strategic reinsurance platform.
• Reviewing reconciliation of premiums and claims on legacy reinsurance arrangements, drafting reports setting out the results of the reconciliation and recommendations for all stakeholders.
• Development of clear, efficient and robust processes to be used by the wider team. Responsible for continuous improvement of these processes to ensure they remain appropriate.
• Responsible for working with the New Business Reinsurance team to ensure all new contracts are operationally viable prior to transaction.
• Responsible for training new and existing members of the team in any appropriate operational developments.
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