Job Type: Permanent
Location: This role can be based from London, Edinburgh or Birmingham with time spent in the office and working from home.
Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Closing Date: 7th September
Salary and benefits: £135,000 - £161,800 plus an indicative bonus range of 30%-60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. 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
We are seeking a Head of Insurance to join us in a Senior Leadership role that combines all aspects of best estimate, SCR and IFRS assumption setting for non-market risks including: Longevity, Operational Risk, Climate Risk, Persistency and all other non-market risks. You will lead and manage the process to ensure methodologies are regularly reviewed, updated and agreed through governance.
The role will interact closely with our external auditors, to ensure our assumptions meet their requirements. The role will also have a key link to BPA pricing and management actions, given the high dependence pricing assumptions have on our assumptions.
As Head of Insurance, you can expect to:
• Own demographic assumption setting process, supporting SMF and board approval
• Manage and lead internal model development and reviews for non-market risks
• Attend relevant governance committees, in particular ATC, IMC and ALCO
• Present to Board committees as needed – MGC and BAC
• Present to PRA as needed
• Own controls relevant to non-market assumptions
• Relationships with key stakeholders are maintained
• Ensure ICSA and risk framework requirements are met
What are we looking for?
• FIA Qualified with deep actuarial experience
• Proven leadership experience, ideally managing large teams (circa 30 colleagues)
• Proven experience in SII requirements, capital model and insurance assumption setting process.
• Familiarity with IFR17 is desirable
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.
Please note that we reserve the right to remove adverts earlier than the advertised closing date. We encourage you to apply at the earliest opportunity.