At a Glance
- Tasks: Support strategic BPA Business and validate financial impacts of transactions.
- Company: Standard Life, a leader in guiding people through life's big decisions.
- Benefits: Competitive salary, generous leave, private medical cover, and flexible working options.
- Other info: Inclusive culture that values diverse backgrounds and personal growth.
- Why this job: Join a dynamic team and make a real impact in the actuarial field.
- Qualifications: Qualified actuary with experience in actuarial reporting and a passion for continuous improvement.
The predicted salary is between 54000 - 75000 £ per year.
Job Type: 9 month Fixed Term Contract
Location: This role could be based in either our Birmingham, Telford, London or Edinburgh offices with time spent working in the office and at home.
Flexible working: All 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.
Closing Date: 10th July (23:55)
Salary and benefits: £54,000 - £75,000 per annum (dependent upon experience) plus an indicative bonus range of 16-32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Here at Standard Life, we guide millions of people through some of life’s biggest decisions. We’re searching for a BPA Actuary who shares our commitment to putting customers first, aiming high and working together to join the BPA Business Team.
The role: As a BPA Actuary, you will undertake a range of activity in support of Standard Life’s strategic BPA Business, including working to bring new deals quickly and efficiently into regulatory reporting processes and validating the financial impacts of transactions. You will also support activity to meet scheme obligations such as data cleanses and buy-out activities, with the potential to support on a range of activities delivering enhanced processes and systems to support the efficient onboarding of BPAs.
What are we looking for?
- Qualified actuary with varied experience in actuarial reporting, or other life actuarial disciplines, with a strong track‑record of delivery to consistent quality work within fixed and often tight deadlines.
- While this role is a Life role, Defined Benefit Pensions experience and/or direct BPA experience would be hugely valuable, and this would be a great role for someone looking to transition from Pensions to Life as their actuarial focus.
- Someone who is keen to learn quickly in a changing environment having a strong appetite for change and experience of driving continuous improvement will fit well with the role.
- Ability to influence, communicate and collaborate effectively with a variety of colleagues and senior stakeholders from different disciplines across the business.
- Building capability through developing our people is hugely important at Phoenix. As an actuary in the BPA Team, you will play a role in the development and management of actuarial analysts and trainee actuaries in the team.
- Knowledge of, and experience reporting on, financial reporting metrics is highly desirable.
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.
BPA Actuary employer: Standard Life (previously Phoenix Group)
At Standard Life, we pride ourselves on being an exceptional employer, offering a supportive and flexible work environment across our Birmingham, Telford, London, and Edinburgh offices. With a strong focus on employee growth, we provide extensive benefits including generous annual leave, private medical cover, and opportunities for career development, all while fostering a culture of collaboration and inclusivity. Join us as a BPA Actuary and be part of a team that values your contributions and encourages you to thrive both personally and professionally.
Contact Details:
Standard Life (previously Phoenix Group) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land BPA Actuary
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
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Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Standard Life (previously Phoenix Group).
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Standard Life (previously Phoenix Group) might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace BPA Actuary
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Standard Life (previously Phoenix Group) will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Standard Life (previously Phoenix Group). Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Standard Life (previously Phoenix Group) confidence in your short-term commitment to the role.
How to prepare for a job interview at Standard Life (previously Phoenix Group)
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Standard Life (previously Phoenix Group).
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Standard Life (previously Phoenix Group) that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
