Senior Trainee Actuary

This role could be based in either our 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.

Closing Date: 11th April 2025 (23:59)

Salary and benefits: Up to £55,000 depending on experience plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

We have an incredible opportunity to join us here at Phoenix Group as a Senior Trainee Actuary to join our Planning and Forecasting Team within Group Financial Planning, Forecasting & Analysis.

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: The Trainee Actuary will support the team in monitoring, managing and reporting the solvency positions in the Phoenix Group Life companies. This role will involve close collaboration with a wide range of teams and colleagues across the whole Group and offers growth, stretch and responsibility to the right individual to really make a difference at the Phoenix Group.

Key Responsibilities:

• Ensure timely and accurate production of the MI on the solvency and liquidity positions. This will include analysing the outputs from the model and producing draft MI packs together with commentary.
• Completion of necessary controls and validations to ensure that inputs are accurate and complete.
• Follow documentation and ensure they are up-to-date and complete.
• Support the implementation of the agreed framework, including the development and maintenance of Early Warning Indicators (EWI’s).
• Undertake project work and other tasks such as stress testing to support the development of robust and effective financial reporting.
• Continually look to enhance processes and procedures to deliver to the quality and timescales required by key stakeholders around the business.
• Regularly working to defined and tight timescales whilst maintaining professional standards.
• Ensure compliance with relevant procedures and processes and maintain evidence/audit trail as required.
• Keeping technical & business knowledge up to date in area of expertise.
• To support and deputise team manager as required.

What are we looking for?

• Someone who understands the importance of following processes but also applies your knowledge and own thinking to analyse and make improvements.
• Suitable experience and technical finance ability.
• Proven ability to adapt in an ever-changing financial service environment.
• Proven track record in delivering work to an appropriate quality with a high level of attention to detail.

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.