Phoenix Group

Technical Actuary

Phoenix Group

full-time

Posted on:

Location Type: Hybrid

Location: Telford • United Kingdom

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Salary

💰 £80,000 per year

About the role

  • Collaborate with external stakeholders (including scheme advisers, trustees and outsourced partners) and internal teams (such as Pricing, Transition, and Data Services).
  • Ensure member options and benefits are determined in line with transaction benefit specifications.
  • Provide subject matter expertise on actuarial topics such as GMP Equalisation.
  • Review actuarial calculations completed by administrators.
  • Develop and maintain clear documentation for actuarial processes.
  • Ensure all work produced has appropriate governance.
  • Implement and review factor assumptions across the BPA scheme portfolio.
  • Build and maintain cashflow projection models aligned to transaction benefit specifications.
  • Monitor legislative and market developments.
  • Provide actuarial expertise to ongoing projects and manage actuarial workstreams.

Requirements

  • Qualified Actuary with a number of years post-qualification experience, specialising in pensions.
  • Strong technical understanding of Defined Benefit pensions legislation.
  • Extensive experience reviewing member calculations, including GMP Equalisation, CETV and retirement quotations.
  • Experience setting factor bases and generating actuarial factors.
  • Experience building models for factor generation and cashflow projections.
  • Commitment to maintaining professional knowledge in a fast-changing regulatory environment.
Benefits
  • Upto £80,000 plus discretionary bonus
  • Private medical cover
  • 38 days annual leave
  • Excellent pension
  • 12x salary life assurance
  • Career breaks
  • Income protection
  • 3x volunteering days
  • And much more.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
actuarial calculationsGMP Equalisationcashflow projection modelsfactor generationDefined Benefit pensions legislationmember calculationsCETVretirement quotationsfactor basesactuarial factors
Soft Skills
collaborationsubject matter expertisedocumentationgovernancemonitoringproject managementcommitment to professional knowledge
Certifications
Qualified Actuary