Reinsurance Manager

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Job Description

We have an incredible opportunity to join us here at Phoenix Group as a Reinsurance Manager to join our Annuity Client Services team.

Job Type:

Permanent

Location:

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

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.

Salary and benefits:

£60,000 – £75,000 plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re the UK’s largest 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

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

Key Responsibilities Will Include

• Reviewing technical accuracy of Reinsurance Settlement reports and Collateral Valuations covering longevity-based products.
• 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 with results and recommendations.
• Developing clear, efficient, and robust processes for the team, with continuous improvement.
• Working with the New Business Reinsurance team to ensure all new contracts are operationally viable prior to transaction.
• Training new and existing team members on operational developments.
• Ensuring all processes and templates are documented with audit trail and version control.
• Supporting ad-hoc project work.

What are we looking for?

• Technical knowledge of our reinsurance platform.
• Experience in pensions, life, and longevity reinsurance.
• Ability to administer reinsurance arrangements efficiently and accurately.
• Strong stakeholder relationship skills and attention to detail.
• Knowledge of pension de-risking products like bulk annuities and longevity swaps is desirable.

We Want To Hire The Whole Version Of You.

We are committed to diversity and inclusion. If your experience differs from this description but you believe you can bring value, we’d love to hear from you. Please inform us of any adjustments needed for the recruitment process.

We may remove this advert before the closing date, so early application is encouraged.

Learn More

• Guide for Candidates
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