Job Description
Career Family, Level & Title: Actuarial. Intermediate, Actuary
Job Type: Fixed Term Contract (12 months)
Hiring Manager: Clíodhna Cooney
Closing Date: 01/08/2025
Helping our customers make the right financial choices as they plan for a better future means that we need to attract, retain and motivate the very best people in the market. We know great people have even great choices when it comes to their career. At Phoenix Group we can offer you a career opportunity second to none with a successful, innovative and growing long-term savings and retirement business. Our people are our most important asset.
We currently have an exciting opportunity for a Qualified Actuary to join our Standard Life International (SL Intl) Actuarial Function team based in Dublin. The primary responsibilities of the team are to support the Head of Actuarial Function (HoAF) sign-off of Solvency II results and methodology, review best estimate bases, and provide annual opinions on Technical Provisions and Underwriting.
Key Responsibilities
Solvency II
* Coordinate and monitor the evaluation of Solvency II results, overseeing governance and sign-off of calculations, including reviewing methodology, assumptions, data quality, and limitations.
* Support the HoAF in producing the annual Actuarial Opinion on Technical Provisions (AOTP) and the Actuarial Report on Technical Provisions (ARTP).
Basis and Methodology
* Assist in the production of the annual Underwriting Opinion.
* Review proposals for new initiatives, pricing, and product development updates, and participate in regular product and pricing reviews.
* Represent the Actuarial Function at the Product, Pricing and Profitability Committee (PPPC), providing feedback and ensuring appropriate financial reporting actions.
Underwriting & Pricing
* Support the HoAF in producing the Underwriting Opinion and reviewing proposals.
* Participate in PPPC meetings, providing actuarial insights.
Other Role Requirements
* Support the HoAF in regulatory duties, including liaising with the CBI and managing intra-group reinsurance issues.
* Develop and maintain relationships within SL Intl and the wider Group.
* Contribute to projects and changes within SL Intl and the Group.
Required Skills And Personal Attributes
* Qualified Actuary
* Experience in life insurance, especially unit-linked, annuities, and with-profits business
* Knowledge of Solvency II Standard Formula is advantageous
* Understanding of the HoAF’s statutory responsibilities
* Excellent communication skills for technical and non-technical audiences
* Ability to quickly grasp key issues and make sound judgments
What We Offer
Join Phoenix Group and bring your skills and dedication. We offer a competitive package, including a pension, bonus potential, private medical insurance, generous holidays, and flexible benefits. We value diversity and support flexible working.
Online Interviews and Onboarding
All processes are remote, with strong virtual support for new colleagues.
About Us
Phoenix Group, part of FTSE 100, is the UK’s largest long-term savings and retirement business, operating in the UK, Germany, and Ireland. We focus on heritage and open products, supporting people’s savings and retirement needs. Learn more about us and our commitment to diversity.
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