Actuarial Analyst - Retirement Solutions

Job Type :  Permanent

Location :  London. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

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 : 1st August 2025

Salary and benefits :  £40,500 to £65,000 plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

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.

We have an incredible opportunity to join us here at Phoenix Group as an Actuarial Analyst in our Individual Annuity Pricing team.

We are looking for an individual to help support the ongoing pricing activities for Individual Annuity Products within Retirement Solutions. The successful candidate will play a key role and is expected to carry out a range of actuarial tasks and pricing activities across multiple products under appropriate guidance. This includes helping the team to build an improved understanding of our customer base and contributing to the pricing of annuity products to meet financial targets and growth aspirations.

What are we looking for?

• A part qualified actuary with a strong academic background and relevant experience in insurance, with a desire to be fully qualified - which will be support by the Phoenix Group.

Analytical and quantitative abilities, with strong problem-solving abilities.

Able to demonstrate good communication skills (verbally and written).

Knowledge of individual annuity products, pricing concepts, calculations and actuarial sciences preferred.

Being able to adapt to the requirements of different types of work by planning and organising effectively.

Skilled with relevant software packages such as Excel and potentially VBA and Power BI.

Motivated to build technical & business knowledge and continue own personal development.

Key Responsibilities :

To carry out investigations into the pricing competitiveness of our products using market insight data and to look for opportunities to optimise between profitability and competitiveness.

Take responsibility in the production on a suite of pricing MI that provides insights into competitiveness and profitability.

Implementation of pricing changes into the production environments.

Assist on any pricing basis or assumption changes.

Accurately produce a wide range of calculations used within pricing, analysing propositions and a range of business data to make recommendations to senior team members.

To seek opportunities to develop existing tools to enhance capabilities and efficiencies. Support Senior Actuarial Analysts, Actuaries and other senior managers in their objective of meeting business and regulatory requirements, including communication of actuarial results and analysis.

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.