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For Companies At a Glance
- Tasks: Support the Actuarial Reporting Projects team with regulatory updates and process improvements.
- Company: Join Phoenix Group, the UK's largest long-term savings and retirement business committed to sustainability.
- Benefits: Enjoy a competitive salary, hybrid working, 38 days leave, and comprehensive health benefits.
- Why this job: Be part of a diverse team making a real impact in the financial sector.
- Qualifications: Must be a part-qualified actuary with strong analytical and communication skills.
- Other info: We welcome applicants from all backgrounds and offer recruitment process adjustments.
The predicted salary is between 32000 - 42000 £ per year.
Join to apply for the role at Phoenix Group.
Job Details
- Type: Permanent
- Location: Wythall or Edinburgh offices with hybrid working (50% in-office)
- Salary & Benefits: £40,000 - £50,000 + 8-16% bonus, private medical, 38 days leave, pension, life assurance, career breaks, income protection, volunteering days, actuarial exam support
- Closing Date: 1st June
About Us
Phoenix Group, the UK's largest long-term savings and retirement business, aims to be the best employer for its 6,600 colleagues. We are committed to sustainability and diversity.
Role Overview
Support the Actuarial Reporting Projects team by assisting in change projects including regulatory updates, internal model changes, data migrations, etc. Collaborate across teams, support project planning, testing, stakeholder communication, and process improvements.
Candidate Profile
Essential: Part-qualified actuary with strong exam progress, analytical skills, problem-solving, and good communication.
Desirable: Experience with reporting processes, Solvency II or IFRS reporting, actuarial change delivery, and control frameworks.
Our Commitment
We value diversity and welcome applicants from all backgrounds. Adjustments available for the recruitment process.
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Trainee Actuary
✨Tip Number 1
Familiarise yourself with the latest regulatory updates and changes in Solvency II or IFRS reporting. This knowledge will not only help you in interviews but also demonstrate your commitment to staying current in the actuarial field.
✨Tip Number 2
Network with professionals in the actuarial community, especially those who work at Phoenix Group or similar companies. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during the application process.
✨Tip Number 3
Prepare to discuss specific examples of your experience with actuarial change delivery and project management. Highlighting your analytical skills and problem-solving abilities through real-life scenarios will make you stand out as a candidate.
✨Tip Number 4
Showcase your communication skills by being clear and concise in all interactions with the recruitment team. Whether it's during a phone call or an interview, effective communication is key to demonstrating your fit for the collaborative nature of the role.
We think you need these skills to ace Senior Trainee Actuary
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Senior Trainee Actuary position at Phoenix Group. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any relevant experience you have, particularly in actuarial reporting processes or regulatory updates. Use specific examples to demonstrate your analytical skills and problem-solving abilities.
Showcase Your Qualifications: As a part-qualified actuary, make sure to mention your exam progress clearly. Include any relevant qualifications or certifications that align with the requirements of the role, as this will strengthen your application.
Craft a Compelling Cover Letter: Write a personalised cover letter that reflects your enthusiasm for the role and the company. Discuss why you want to work at Phoenix Group and how your values align with their commitment to sustainability and diversity.
How to prepare for a job interview at Phoenix Group
✨Showcase Your Analytical Skills
As a Senior Trainee Actuary, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used these skills in past projects or studies, particularly in relation to regulatory updates or data migrations.
✨Demonstrate Communication Abilities
Good communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you may need to collaborate with non-technical stakeholders. Highlight any experience you have in stakeholder communication during the interview.
✨Familiarise Yourself with Relevant Regulations
Understanding Solvency II and IFRS reporting will give you an edge. Brush up on these regulations and be ready to discuss how they impact actuarial work. Showing that you are knowledgeable about current industry standards can impress your interviewers.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of situations where you've had to overcome challenges in project planning or process improvements, and be ready to explain your thought process and outcomes.
