At a Glance
- Tasks: Develop and apply longevity models while collaborating with pricing teams.
- Company: Join Phoenix Group, a leading FTSE 100 firm focused on long-term savings and retirement.
- Benefits: Enjoy flexible working, generous salary, private medical cover, and 38 days annual leave.
- Why this job: Be part of a team tackling key issues like net zero by 2050 in a collaborative culture.
- Qualifications: Qualified actuary with expertise in longevity modelling and strong analytical skills required.
- Other info: Open to diverse backgrounds; adjustments available for the recruitment process.
The predicted salary is between 75000 - 85000 £ per year.
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Job Description
Job Type: Permanent
Location: This role offers the flexibility to be based in any of our offices Edinburgh, Birmingham, or London. We encourage team members to spend at least one day per week in the office to support close collaboration.
Flexible working: 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 balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.
Closing Date: 24th August
Salary and benefits: Between £90,000 – £100,000 plus an indicative bonus range of 30%-60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Recruiter: Beth Wood
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. 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
We\’re looking for a qualified actuary with extensive hands-on experience in developing and applying longevity models. You will be part of the longevity team, collaborating closely with our pricing team to develop robust models that support pricing across a diverse range of products—from individual annuities to large bulk purchase annuity (BPA) schemes. You will also provide input into setting assumptions for technical provisions and SCR calculations
What are we looking for?
The Skills And Experience Needed For This Role Include
- Deep expertise in longevity modelling – Proven ability to develop, refine, and challenge longevity and mortality models using actuarial and statistical techniques, particularly for pricing applications.
- Curious and forward-thinking mindset – Keeps a close eye on emerging trends in longevity science, demographic shifts, and innovations in mortality modelling and able to apply in a pricing context.
- Collaborative research approach – Works closely with internal teams, industry peers, and actuarial bodies to share insights and bring fresh thinking into modelling strategies.
- Strong analytical and technical acumen – Confident working with complex datasets and advanced modelling tools, with hands-on experience using statistical packages like R and Excel.
- Strategic influence – Plays a key role in shaping longevity assumptions and methodologies that support pricing, reserving, and risk management across the business.
- Effective communicator – Able to explain complex actuarial concepts clearly and confidently to both technical and non-technical audiences, with the ability to produce detailed technical documentation as well as accessible governance papers that support informed decision-making.
- Strong regulatory understanding – Solid grasp of Solvency II and other relevant reporting frameworks, with the ability to apply regulatory requirements to longevity modelling, risk management, and actuarial reporting.
- Adaptable and innovative – Embraces change and continuously looks for ways to enhance existing models and frameworks.
- Committed to professional development – Stays up to date with the latest research, publications, and thought leadership in the longevity and actuarial space.
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.
Please note that we reserve the right to remove adverts earlier than the advertised closing date. We encourage you to apply at the earliest opportunity.
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- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
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Senior Longevity Actuary employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Longevity Actuary
✨Tip Number 1
Network with professionals in the actuarial field, especially those who specialise in longevity modelling. Attend industry events or webinars to connect with potential colleagues at Phoenix Group and gain insights into their work culture.
✨Tip Number 2
Stay updated on the latest trends in longevity science and mortality modelling. Follow relevant publications and thought leaders in the field to demonstrate your curiosity and forward-thinking mindset during interviews.
✨Tip Number 3
Prepare to discuss your experience with complex datasets and statistical packages like R and Excel. Be ready to share specific examples of how you've applied these tools in previous roles to enhance your modelling strategies.
✨Tip Number 4
Familiarise yourself with Solvency II and other regulatory frameworks relevant to longevity modelling. This knowledge will not only help you in the interview but also show your commitment to understanding the broader context of the role.
We think you need these skills to ace Senior Longevity Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in longevity modelling and actuarial techniques. Use specific examples that demonstrate your expertise in developing and applying longevity models, as well as your analytical skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Phoenix Group. Mention how your background aligns with their needs, particularly your collaborative approach and ability to communicate complex concepts clearly.
Showcase Relevant Skills: Emphasise your proficiency with statistical packages like R and Excel. Provide examples of how you've used these tools in previous roles to solve complex problems or enhance existing models.
Research Phoenix Group: Familiarise yourself with Phoenix Group's mission and values. Understanding their commitment to sustainability and innovation in the actuarial field will help you align your application with their goals.
How to prepare for a job interview at Phoenix Group
✨Showcase Your Longevity Modelling Expertise
Be prepared to discuss your hands-on experience with longevity models. Highlight specific projects where you've developed or refined these models, and be ready to explain the actuarial and statistical techniques you used.
✨Stay Updated on Industry Trends
Demonstrate your curiosity and forward-thinking mindset by discussing recent trends in longevity science and demographic shifts. Mention any relevant research or innovations that could impact pricing applications.
✨Communicate Complex Concepts Clearly
Practice explaining complex actuarial concepts in simple terms. You may need to communicate with both technical and non-technical audiences, so being able to adapt your communication style is key.
✨Understand Regulatory Frameworks
Familiarise yourself with Solvency II and other relevant reporting frameworks. Be ready to discuss how you would apply these regulatory requirements to longevity modelling and risk management in your role.