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- Tasks: Support actuaries in delivering bonus rates and technical work for With-Profits funds.
- Company: Join Phoenix Group, a leading FTSE 100 firm focused on long-term savings and retirement.
- Benefits: Enjoy flexible working, up to £45,000 salary, 38 days leave, and private medical cover.
- Why this job: Develop your analytical skills while ensuring fair treatment for customers in a supportive environment.
- Qualifications: Degree in actuarial science or related field; experience in financial services preferred.
- Other info: We welcome diverse applicants and offer adjustments during the recruitment process.
The predicted salary is between 36000 - 54000 £ per year.
Location and flexible working: Edinburgh or Wythall. All 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.
Job Type: Permanent
Closing Date: 14th July
Salary and benefits: Up to £45,000 dependent upon experience plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more.
We have an exciting opportunity for an Actuarial Analyst to join our With-Profits Production team, working with actuaries and other analysts across a number of our With-Profits funds.
This is an ideal opportunity to develop and progress in a technical role whilst helping to ensure the fair treatment of our With-Profits policyholders. If you are interested in applying your excellent analytical and communication skills to help ensure the fair treatment of customers across our 22 with-profits funds, this may be the job for you.
You will be responsible for providing the necessary support for the With-Profits Actuaries to carry out their duties, focusing on delivering annual bonus rates, final bonus rates, surrender value factors, market value adjustments and other technical BAU work on time and to a high standard. You will also have opportunities to contribute to project and development work.
What We’re Looking For:
- Experience of working in financial services, ideally in an analyst or similar technical role
- Ideally have a degree in actuarial science, mathematics or a related numerate discipline
- Be numerate and analytical with a questioning attitude and a desire to understand what’s going on behind the numbers
- Able to communicate technical messages in a way that’s easy for others to understand
- Be familiar with Microsoft Excel, and ready to apply your skills to new challenges
- A basic understanding of relevant actuarial technical concepts and With-Profits products would be a bonus
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.
With Profits Actuarial Analyst employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land With Profits Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the With-Profits products and the specific challenges they face. Understanding the nuances of these products will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in financial services. Attend industry events or join relevant online forums to connect with current employees at Phoenix Group, which could provide valuable insights and potentially a referral.
✨Tip Number 3
Brush up on your Excel skills, as this is crucial for the role. Consider taking an online course or tutorial that focuses on advanced Excel functions, particularly those used in financial analysis, to showcase your readiness to tackle the technical aspects of the job.
✨Tip Number 4
Prepare to discuss how you can contribute to the company's goals, such as their commitment to transitioning to net zero by 2050. Think about how your analytical skills can support this initiative and be ready to share your ideas during the interview.
We think you need these skills to ace With Profits Actuarial Analyst
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the With Profits Actuarial Analyst position. Tailor your application to highlight how your skills and experiences align with these expectations.
Highlight Relevant Experience: Emphasise any experience you have in financial services or similar analytical roles. Use specific examples to demonstrate your analytical skills, familiarity with Microsoft Excel, and understanding of actuarial concepts.
Craft a Strong Cover Letter: Write a compelling cover letter that not only introduces yourself but also explains why you are interested in the role and how you can contribute to the With-Profits Production team. Make sure to convey your passion for the industry and your commitment to fair treatment of customers.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in an analytical role.
How to prepare for a job interview at Phoenix Group
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Actuarial Analyst in the With-Profits Production team. Familiarise yourself with key concepts like annual bonus rates and market value adjustments, as this will help you answer questions confidently.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical experience and how you've applied it in previous roles. Be ready to provide examples of how you've tackled complex problems or interpreted data, as this is crucial for the role.
✨Communicate Clearly
Since the role requires explaining technical concepts, practice articulating complex ideas in simple terms. This will demonstrate your ability to communicate effectively with both technical and non-technical stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s approach to With-Profits funds and their transition to net zero by 2050. This shows your genuine interest in the role and the company's future direction.
