Overview
Join to apply for the Actuary Ireland role at Phoenix Group.
Job Description: Career Family, Level & Title: Actuarial. Intermediate, Actuary. Job Type: Fixed Term Contract (12 months).
Location: Dublin, Ireland (based in Dublin). This role is part of the Standard Life International (SL Intl) Actuarial Function team.
Key Responsibilities
Solvency II
* Coordinate and monitor the evaluation of Solvency II results and oversee governance and sign-off of calculations.
* Review the appropriateness of methodology, models and processes used, data quality and modelling granularity, analysis of change, and approximations/limitations.
* Support the Head of Actuarial Function (HoAF) in the production of the annual Actuarial Opinion on Technical Provisions (AOTP) and the Actuarial Report on Technical Provisions (ARTP).
Basis and Methodology
* Assist HoAF in producing the annual Underwriting Opinion.
* Support reviews of proposals for new initiatives, pricing and product development, and regular product/pricing reviews.
* Attend the Product, Pricing and Profitability Committee (PPPC) representing the Actuarial Function; provide feedback on proposals and ensure appropriate actions are reflected in financial reporting for any changes in the business.
Underwriting & Pricing
* Assist HoAF in producing the annual Underwriting Opinion.
* Support reviews of proposals for new initiatives, pricing and product development updates, and regular product/pricing reviews.
* Attend PPPC representing the Actuarial Function; provide feedback on proposals and ensure financial reporting reflects changes in the business.
Other Role Requirements
* Support the HoAF in performing regulatory duties, including ongoing relationship with the Central Bank of Ireland (CBI) and issue resolution under intra-group reinsurance agreements.
* Develop and maintain internal relationships within SL Intl (Finance and Risk) and with Life Actuarial and Life Finance within Phoenix Group.
* Provide input into changes or projects within SL Intl and the wider Group as required.
Required Skills and Personal Attributes
* Qualified Actuary.
* Experience in life insurance, particularly unit-linked, annuities, and with-profits business.
* Knowledge of Solvency II Standard Formula methodology and its application is advantageous.
* Familiarity with the HoAF’s statutory responsibilities.
* Excellent written and verbal communication skills, able to convey technical issues to both actuarial and non-technical audiences.
* Ability to quickly understand key issues and form sound judgments on priorities.
What We Offer
Competitive package including attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity/adoption leave, and other financial services and lifestyle flexible benefits. Phoenix Group supports flexible working and values a diverse, inclusive workforce.
Online Interviews and Onboarding: All interviews, onboarding and new joiners are now managed remotely with strong virtual support.
About Us
Phoenix Group is a FTSE 100 company and the UK’s largest long-term savings and retirement business. We operate across the UK, Germany and Ireland with Heritage and Open products, manufacturing and underwriting policies under multiple brands. We value diversity in our workforce and welcome enquiries from everyone.
Seniority level: Mid-Senior level. Employment type: Contract. Job function: Finance and Sales.
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