Reinsurance Actuarial Analyst
Phoenix Group
full-time
Posted on:
Location Type: Hybrid
Location: London • United Kingdom
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Salary
💰 £35,100 per year
About the role
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
data analysisbenefit specification analysisnumerical analysisreinsurance data managementmember benefit calculationsprocess improvementaudit trail documentationversion controlstructured problem-solvingpension benefits knowledge
Soft Skills
attention to detailstakeholder relationship managementperformance monitoringtask prioritizationprofessional developmentcommunicationoversightcollaborationadaptabilitycritical thinking
Certifications
actuarial exams