Validation Actuary

Validation Actuary

Job description

Job Title : Validation Actuary

Job Type : 12 month Fixed Term Contract

Location : This role could be based in either our Wythall or Telford offices with time spent working in the office and at home.

We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process

Salary and benefits : £65 - £70k 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

Closing Date : 3rd November

Recruiter : Tim Singh







We have an incredible opportunity to join us here at Phoenix Group as a Validation Actuary within our Validation team in Actuarial Services to provide a professional service applying actuarial, technical & business knowledge to support the delivery of informed & effective decision making to deliver the company strategy.

Who are we?

We want to be the best place that any of our 6,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.

£259 billion of assets under administration. 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

This position is a key technical role within the Actuarial Services Validation Team producing and reviewing IFRS17 manuals.







You will providing first line review of output of all production runs in a valuation and in our yearly cycle ahead of delivery into the Actuarial Review Team.

The role will provide technical expertise of all aspects within the team working closely with the Review Actuaries and Change Actuaries.

This is an excellent opportunity for a newly qualified actuary looking to establish or expand their experience in a reporting team.

Please note actuarial study support is not provided with this role.

The successful applicant will be, but isn’t limited to :

- Inputting into and integrating IFRS17 Day 2 activity into BAU.
- Delivery and analysis of actuarial modelled and manual calculations for a range of valuation reporting needs.
- Ensure control framework is followed with robust do and check before hand over to Validation Actuaries and Review team.






- Use of actuarial judgement to resolve valuation issues considering materiality and operational aspects.
- Provide operational leadership in key areas of expertise and represent business area appropriately within cross divisional projects.
- Support Validation Manager on overall resourcing and reporting deliveries
- Regularly working to defined and tight timescales whilst maintaining professional standards.
- Balancing business demand, issues, and risks by applying sound judgement in complex scenarios, often with considerable uncertainty.
- Lead, develop, coach and mentor actuarial trainees and analysts as required to maximise their contribution and ensure they are fairly rewarded.






- Act as subject matter expert on strategic business or Group level projects to ensure specialist input is provided to business decision making.
- Lead process improvements in the team from identification of issues, working with Modelling Systems team to find workable solutions and sign off end solutions.
- Review project designs impacting on team and provide assurance that changes at fit for purpose.
- Communicate effectively with a technical actuarial audience and simplify communications of technical issues to a non-technical audience.
- Continually look to enhance processes and procedures to deliver effective solutions for the business.

You will collaborate closely with a wide range of teams and colleagues across the whole Group and offer growth, stretch and responsibility to the right person to really make a difference at Phoenix Group.

What are we looking for?







- A Qualified Actuary with experience of working within a Finance or Actuarial department;
- Ability to appropriately prioritise work and raise issues in good time to enable solutions to be found
- Knowledge of actuarial reporting concepts and key reporting metrics (IFRS17, Solvency II)
- Strong analytical skills backed up by a questioning attitude and a desire to build understanding;
- Able to work effectively as part of a team as well as individually;
- Committed to taking ownership and accountability for their work;
- A confident communicator who is delivery-focused, able to communicate clearly with both technical and non-technical colleagues in verbal and written exchanges;

You will also ideally have :







- Detailed knowledge of Actuarial Reporting Processes and Practices built up through experience working in an Actuarial Reporting function;
- Ability to appropriately prioritise work and raise issues in good time to enable solutions to be found;
- Knowledge of VBA / SAS.

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.

▶️ Validation Actuary
🖊️ Phoenix Group Holdings
📍 Edinburgh