Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the delivery of ORSA and Recovery plans while collaborating with executives.
- Company: Join Phoenix Group, a leading FTSE 100 savings and retirement business.
- Benefits: Earn up to £150,000 plus bonuses, private medical cover, and 38 days annual leave.
- Why this job: Make a real impact in financial risk management and drive strategic initiatives.
- Qualifications: Qualified Actuary with deep knowledge of life insurance and regulatory frameworks.
- Other info: Flexible working options available; we value diversity and encourage all backgrounds to apply.
The predicted salary is between 120000 - 150000 £ per year.
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. Flexible working options are available, including part-time and job-share arrangements.
Salary and benefits include up to £150,000, depending on 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 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. The role will support maintaining the Group’s Risk Appetite, Stress and Scenario Testing and other key Line 2 owned frameworks.
Purpose of the role includes supporting the Risk leadership team through delivering the annual ORSA and Recovery and Resolutions plans, working with the Executive and Business Leadership. Strong technical and people leadership is key to the role, along with the ability to manage and influence Executive and Business Leader stakeholders.
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 resources.
- Influence and challenge executive-level decisions.
- Work independently with minimal managerial oversight.
Essential Skills:
- Qualified Actuary or similar degree.
- In-depth understanding of life insurance products and regulatory frameworks.
- Deep experience in successfully delivering 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 you require any adjustments to the recruitment process, please let us know.
Lead Senior Actuary - ORSA & RRP Lead employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Senior Actuary - ORSA & RRP Lead
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. We want to show them that you’re not just a fit for the role, but also for the team and the company as a whole.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the role of Lead Senior Actuary. We suggest rehearsing common interview questions and preparing some thoughtful questions to ask them too. It shows you’re engaged and interested!
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way. It keeps you on their radar and shows your enthusiasm for the position. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Lead Senior Actuary - ORSA & RRP Lead
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with ORSA, Recovery and Resolution Planning, and other key areas mentioned in the job description. We want to see how your skills align with what we're looking for!
Showcase Your Leadership Skills: Since this is a senior role, it's crucial to demonstrate your leadership abilities. Share examples of how you've influenced teams or managed projects effectively. We love seeing candidates who can lead by example!
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language to explain complex financial concepts, as we value excellent communication skills. Remember, simplicity is key!
Apply Early!: Don’t wait until the last minute to submit your application. We encourage you to apply through our website as soon as possible, as we may close the advert earlier than expected. Get your application in and show us what you've got!
How to prepare for a job interview at Phoenix Group
✨Know Your Stuff
Make sure you have a solid grasp of the key technical areas mentioned in the job description, like ORSA, Recovery and Resolution Planning, and Stress Testing. Brush up on your knowledge of life insurance products and regulatory frameworks to show you’re not just familiar but truly knowledgeable.
✨Showcase Your Leadership Skills
This role requires strong people leadership, so be ready to discuss your experience in managing teams and influencing stakeholders. Prepare examples that highlight how you've fostered a positive team culture and optimised performance in previous roles.
✨Engage with the Business
Since this position involves collaboration across various functions, think about how you can demonstrate your ability to engage with different stakeholders. Be prepared to share instances where you’ve successfully navigated complex relationships and influenced executive-level decisions.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions that test your problem-solving skills and risk management strategies. Practice articulating your thought process clearly and concisely, especially when discussing complex financial concepts, as this will showcase your communication skills.
