Lead Senior Actuary - ORSA & RRP in Edinburgh

This role could be based in any of Phoenix’s London, Birmingham or Edinburgh offices with time spent working in the office and from home.

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.

Salary and benefits: Up to £150,000, dependant upon experience, plus bonus potential, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

The Senior Lead Financial Risk Actuary is a member of the Financial Risk Operations team. The role exists to lead, with the Head of Financial Risk Operations, the delivery of the Group’s ORSA, Recovery and Resolution plans, and Solvent Exit Planning (including initial development of the new requirements). The role will support maintaining the Group’s Risk Appetite, Stress and Scenario Testing and other key Line 2 owned frameworks – ensuring these remain fit for purpose.

Purpose of the role: The role supports the Risk leadership team through delivering the annual ORSA and Recovery and Resolutions plans, working with the Executive and Business Leadership, given the cross‑functional and strategic nature of the work. Strong technical and people leadership is key to the role, together with the ability to manage and influence Executive and Business Leader stakeholders.

The individual will collaborate with the business and wider Risk function, ensuring the Group maintains credible and realistic Recovery and Resolution plans. The role will be responsible for running the annual Recovery Plan fire drill with the Executive Committee and will work closely with the Financial Risk Leadership Team to champion the Risk Function’s Vision, Mission and Mandate.

Key Responsibilities:

• Support the Head of Financial Risk Operations with delivering the annual ORSA, Recovery and Resolution, and Solvent Exit Plans.
• Maintain the Group’s Risk Appetite, Stress and Scenario Testing and other key Line 2 owned frameworks.
• Support the wider function by helping design and maintain an effective and efficient risk oversight activity for Line 2.
• Opine on material business decisions and assess if key risks and trade‑offs are considered appropriately.
• Provide both technical and people leadership, supporting a shift in the team culture.
• Manage the team: set clear goals and KPIs, optimise the use of resources.
• Influence and challenge executive‑level decisions.
• Work independently with minimal managerial oversight, delivering Executive‑level reports and material.

Essential Skills:

• Qualified Actuary or similar degree.
• In‑depth understanding of life insurance products, regulatory frameworks, and the principles of business planning.
• Deep experience in successfully delivering the core technical areas of the role.
• Good understanding of non‑financial risks and operational resilience.
• Excellent verbal and written communications.

We are committed to ensuring that everyone feels accepted and welcome and that applicants from all backgrounds are encouraged to apply. 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.