Hybrid Reinsurance Actuarial Analyst

at Phoenix Group

• Job title: Reinsurance Actuarial Analyst
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: £35,100 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, London, United Kingdom

About the role

• Reinsurance Actuarial Analyst at Standard Life specializing in pensions and bulk annuities. Responsibilities include reporting, analysis, and data validation with strong stakeholder interactions.

Responsibilities

• Generating regular account and collateral reports using our integrated reinsurance administration system
• Checking movement data received from Trustees and reasonableness checks on final deliverables produced by the administration system
• Reviewing annual data extracts to identify changes from the previous year and determining whether an update is required to reinsurance data
• Timely production of annual exercise materials, including premium amounts and surrender values, using the reinsurance administration system
• Analysis of benefit specification to determine the structure and timing of benefits payable under the reinsurance arrangement
• Helping to provide oversight of complex member benefit calculations and member options with our administrators in order to build up benefit knowledge and understand reinsurance benefit simplifications
• Testing new arrangements as they are implemented onto the reinsurance administration system to ensure the benefits are operating as set out in the benefit specification
• Follow robust processes set out in supporting documentation, highlighting any opportunities for process improvement that may arise
• Responsible for ensuring all work produced is clearly documented and has a suitable audit trail and version control
• Following the best practises with respect to the management of our reinsurance contracts.
• Building and maintaining quality stakeholder relationships with a keen eye for detail

Requirements

• A strong numerical degree (e.g. Mathematics) with a minimum 2:1 classification
• Demonstrated interest in pursuing actuarial exams to enhance their technical expertise and pursue career as an Actuary
• An understanding of pension benefits and bulk annuity products whilst contributing to the creation of bespoke models would be desirable
• Proven ability to meet and exceed performance targets by monitoring progress, prioritising tasks, and applying structured problem‑solving methods to resolve obstacles and deliver business outcomes.
• Actively pursues professional development by identifying specific technical or role‑related skill gaps, completing relevant training or certifications, and applying new learning to improve job performance.
• Knowledge of Microsoft office, specifically Excel

Benefits

• From £35,100 depending on experience plus bonus
• Private medical cover
• 38 days annual leave
• Excellent pension
• 12x salary life assurance
• Career breaks
• Income protection
• 3x volunteering days
• Flexible working options