Senior Actuary

Phoenix Group

Senior Financial Risk Actuary providing oversight of balance sheets and long-term financial strategy for Standard Life. Collaborating across teams to manage financial risks and ensure compliance with frameworks.

Posted 7/24/2026full-timeBirmingham • 🇬🇧 United KingdomSenior💰 £110,000 - £127,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in balance sheet management, financial risk oversight, and life insurance products, with a strong ability to influence senior stakeholders and deliver high-quality insights. Proven track record in developing risk frameworks and optimizing financial strategies within complex organizations.

Highest-signal resume keywords

Qualified ActuaryBalance Sheet ModellingFinancial Risk OversightLife Insurance ProductsRegulatory Frameworks

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Applicant Tracking System Keywords

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Hard Skills

Balance Sheet ManagementSolvency AnalysisLiquidity AnalysisAsset-Liability ManagementHedgingMatching AdjustmentClimate Financial RisksRisk Framework DevelopmentBusiness Planning PrinciplesRisk Appetite Setting

Soft Skills

Influencing StakeholdersTeam LeadershipCoachingCommunicationConstructive Feedback

Industry Keywords

PRTAnnuitiesSolvency UKIFRS 17UK GAAPInsurance RisksCredit RisksMarket RisksEnterprise-Wide ChangeComplex Organizations

About the role

Key responsibilities & impact

Support the Head of Balance Sheet & ALM Oversight in oversight of the Group’s balance sheets (Group and all UK legal entities) and delivery of the company’s long-term financial strategy , providing Line 2 advice, guidance and challenge to the business.
Opine on material business decisions and assess whether key risks and trade-offs have been considered appropriately. Line 2 opinions should consider the Group’s strategic objectives and balance commercial opportunities with risk implications.
Support the development and maintenance of effective and efficient Line 2 risk oversight activities that are proportionate and risk-based, providing clarity to the business on requirements for risk identification, risk management, risk mitigation and performance against Standard Life’s risk appetite.
Provide technical leadership and act as a positive role model within the team, helping to focus oversight on material risks and transactions; support effective team ways of working; and contribute to a culture of high performance, development and continuous improvement through constructive feedback, coaching and knowledge sharing.
Influence and constructively challenge senior stakeholder decisions, drawing on internal relationships, cross-functional networks, external market perspectives and relevant experience.
Work independently to deliver clear, high-quality reports and materials for senior stakeholders.
The successful candidate should lead by example, contribute positively to team culture and support wider team development through thought leadership, knowledge sharing and staying up to date with latest market practice.

Requirements

What you’ll need

Qualified actuary with significant experience in a life insurer, regulator, consultancy or reinsurer.
In-depth understanding of life insurance products (in particular PRT and annuities), regulatory frameworks (Solvency UK, IFRS 17, UK GAAP), and the principles of business planning, and balance sheet management and optimisation – including understanding of best market practice in key areas of oversight.
Deep experience in the core technical areas of the role (i.e. balance sheet modelling and analysis, solvency & liquidity analysis, asset-liability management and hedging, Matching Adjustment and climate financial risks) and strong understanding of insurance, credit and market risks.
Experience in financial risk oversight, including developing risk frameworks and setting risk appetite, with a focus on material risks and helping the business find solutions to strategic financial risk challenges that balance commercial outcomes and risk considerations.
Proven ability to work across teams and support the delivery of enterprise-wide change in a large, complex organisation.
Experience working with board level and c-suite through verbal and written communication and presentations, with the ability to distil complex technical analysis into clear, concise and decision-ready insights for senior stakeholders.

Benefits

Comp & perks

£110,000 to £127,000 dependent upon experience
indicative bonus range of 30% to 60%
private medical cover
38 days annual leave
excellent pension
12x salary life assurance
career breaks
income protection
3x volunteering days