At a Glance
- Tasks: Lead credit risk modelling and collaborate with asset management teams on innovative projects.
- Company: Join Phoenix Group, a leading FTSE 100 long-term savings and retirement business.
- Benefits: Enjoy a competitive salary, generous annual leave, and flexible working options.
- Other info: Diverse and inclusive workplace with opportunities for professional growth.
- Why this job: Make a real impact in credit risk modelling while developing your actuarial career.
- Qualifications: Qualified Actuary with experience in credit risk capital modelling and excellent communication skills.
The predicted salary is between 60000 - 84000 € per year.
Overview
Job Description
Job Type: Permanent
Location: This role could be based in our Telford, London, Wythall or Edinburgh offices with time spent working in the office and at home.
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.
Closing Date: 21st September
Salary and benefits: £70,000 to £95,000 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
Recruiter: Beth Wood
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a 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
We have an incredible opportunity to join our Credit risk capital modelling team as a Credit Modelling Actuary.
This is an excellent opportunity for a qualified actuary to develop their career and gain specialist knowledge in credit risk modelling and insurance investing. You will be working with a team of highly experienced actuaries to develop the Solvency II Internal Model approach to Credit risk. You will be responsible for developing industry leading modelling capability, collaborating with asset management team to support the onboarding of new assets and embedding credit risk model into wider business.
Key Responsibilities
- Lead methodology development for Major Model Changes to optimise Phoenix’s credit risk internal model.
- Support operationalisation of Major Model Change into BAU and establish BAU modelling processes;
- Collaborating with Credit Rating Research Team to develop rating and stressing methodology for illiquid assets;
- Lead the development of reinsurance counterparty credit risk methodologies.
- Provide coaching and support for analysts in the team.
- To support appropriate working practises, to support an effective multi-site team.
- To maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards, in an environment of fast moving regulatory change.
What are we looking for?
- A qualified Actuary with post-qualification experience in the industry
- Knowledge of credit risk capital model and experience with capital modelling and rating methodology for illiquid assets.
- Detailed knowledge of SII requirements and Internal Model methodologies
- A good understanding of insurance and investment risk, capital management and capital modelling
- Up to date knowledge of latest industry techniques and practices for internal models
- Excellent communication skills with great stakeholder management experience
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.
Find out more about
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
Credit Modelling Actuary in Coventry employer: Phoenix
At Phoenix Group, we pride ourselves on being an exceptional employer, offering a supportive and flexible work environment across our Telford, London, Wythall, and Edinburgh offices. With a strong focus on employee well-being, we provide generous benefits including a competitive salary, extensive annual leave, and opportunities for career development, all while fostering a culture of collaboration and innovation in the field of credit risk modelling. Join us to be part of a forward-thinking FTSE 100 organisation dedicated to making a positive impact in the long-term savings and retirement sector.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Modelling Actuary in Coventry
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to current employees at Phoenix Group on LinkedIn. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interview by researching Phoenix Group and understanding their values and goals. Think about how your skills in credit risk modelling align with their mission. Practice common interview questions and be ready to showcase your expertise!
✨Showcase Your Skills
During interviews or networking, don’t just talk about your experience—demonstrate it! Bring examples of your work, like projects or models you've developed. This will help you stand out and show that you're the right fit for the Credit Modelling Actuary role.
✨Apply Through Our Website
Make sure to apply directly through the Phoenix Group website. It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest job openings and updates there!
We think you need these skills to ace Credit Modelling Actuary in Coventry
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Modelling Actuary role. Highlight your relevant experience in credit risk capital modelling and any specific projects that showcase your skills. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our mission at Phoenix Group. Let us know what makes you the perfect fit for our team.
Showcase Your Communication Skills:Since excellent communication is key for this role, make sure to demonstrate your ability to convey complex ideas clearly in your application. We love candidates who can engage with stakeholders effectively!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and keep track of it. Plus, you’ll find all the info you need about the role there!
How to prepare for a job interview at Phoenix
✨Know Your Numbers
As a Credit Modelling Actuary, you'll need to be comfortable with complex data and financial models. Brush up on your knowledge of credit risk capital models and Solvency II requirements. Be ready to discuss specific methodologies you've worked with and how they can apply to the role.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams, including asset management and credit rating research. Prepare examples of past experiences where you successfully collaborated with others to achieve a common goal. Highlight your communication skills and how you manage stakeholder relationships.
✨Stay Updated on Industry Trends
The insurance and investment sectors are constantly evolving. Make sure you're aware of the latest techniques and practices in internal models. Bring insights into how these trends could impact Phoenix Group and be prepared to discuss them during your interview.
✨Ask Thoughtful Questions
Interviews are a two-way street! Prepare insightful questions about the company's approach to credit risk modelling and their future goals. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
