Actuarial Summer Placement Student 2022

We support hybrid and flexible ways of working, and would welcome discussion on how we can enable you to thrive in your role. There may be a requirement to meet, engage and collaborate with team members or stakeholders at our offices for business purposes at particular times which would be discussed with you.

We’re committed to promoting equality in the workplace and creative and inclusive and flexible culture – one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our customers and clients.

At Phoenix Group we’re passionate about helping people achieve a more secure and sustainable future. With circa 14 million policies, we make a difference to the lives of millions of people as the UK’s largest long-term savings and retirement business. Join us now and you’ll grow with us as we build on our success.

We’re currently recruiting for an Actuarial Summer Placement Student to join our Actuarial Services Team to execute specific and regular Actuarial processes.

The position is an exciting opportunity to start a career in Finance gaining experience on the various aspects of a Finance function working in our Actuarial Reporting department.

Key Responsibilities

• To prepare and run necessary systems for quarterly valuations, project activity and other BAU activity in accordance with relevant reporting standards and business reporting requirements.
• Production of various processes linked to our actuarial valuation model including collating and validating results from valuation runs.
• Manipulation of excel spreadsheets and parameters to produce manual calculations for onward review by the Validation Actuaries.
• Undertake project work to support the development of robust and effective financial reporting.
• Identify continuous improvement opportunities.
• Work closely with stakeholders across the business.
• Support the on-going delivery of robust, effective and efficient operational finance processes and controls.
• Ensure compliance with relevant procedures and processes and maintain evidence/audit trail as required.
• Participate in team discussions on areas such as key activities and deliverables.
• Will escalate issues that have a high impact to the appropriate manager using the established governance frameworks.

What We’re Looking For

Essential

• A genuine all-round appreciation of practical IT applications
• A strong and confident communicator who can demonstrate excellent attention to detail
• Education - Higher Grade
• Languages – English 

What We Offer

Bring your ‘whole self’, skills and dedication to the Phoenix Group and we’ll recognise your effort, support your development and help to drive your ambition. We’ll ensure you’re rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.

Join us and you join a unique organisation. It’s not just the 14 million policyholders we serve, or the £300 billion of assets we look after. Or that we’re a FTSE 100 company that has been listed as one of the UK's Top Employers for nine years running.  It’s our talented, inclusive and diverse workforce that makes us a success.  We offer flexible working opportunities ensuring we attract and retain the very best of talent. Find out about more about our people’s stories, our values and our commitment to Diversity.

Key Competencies

Analytical Skills

Use of a variety of diagnostic techniques to understand a situation/issue/problem by breaking it down and tracing the root cause/underlying implications in a methodical step-by-step way.

Checking and Reporting

Applies checking, reporting and auditing principles and approaches to measure, assure and monitor systems, products, services and internal activities for the purpose of identifying risk.

Communication Skills

Clearly and effectively communicates information, ideas, plans, requests and opinions to internal and external stakeholders through a range of channels including written and oral. Ensures alignment with communication guidelines and policies.

Continuous Improvement

Applies a systematic approach to help optimise business activities and processes to support the strategic objectives of the organisation. Includes significant process transformation activities as part of continuous change programmes.

Information Seeking

The ability to efficiently and effectively collect information, to provide insight to others or to help solve business issues.

Managing Risk

Identify, assess, control and monitor risks. Make the right things happen first time, identify when things have not gone right and understand why, and recover the position.

Online Interviews and Onboarding

All our interviews, onboarding and new joiners are now managed remotely.  We have in place a strong virtual support network to ensure new colleagues are supported and developed as they navigate their first few months with us

About Us

Phoenix Group is a member of the FTSE 100 index and is the UK’s largest long-term savings and retirement business. We specialise in the acquisition and management of Heritage life insurance and pension funds. We’ve businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe.  Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand. And we market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan? Find out more about Phoenix Group here.

We value diversity in our workforce and welcome enquiries from everyone.