Reinsurance Manager

Phoenix Group

  • London
  • £60,000-75,000 per year
  • Permanent
  • Part-time
  • 1 month ago
Job Category: NicheJob Description:We have an incredible opportunity to join us here at Phoenix Group as a Reinsurance Manager to join our Annuity Client Services team.Job Type: PermanentLocation: This role could be based in either our London or Edinburgh office working two days per week at home. 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.Salary and benefits: £60,000 - £75,000 plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much moreWho are we?We want to be the best place that any of our 6,600 colleagues have ever worked.We're the UK's largest 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 roleWorking closely with the Actuarial Operations Lead, you will support many aspects of the overall reinsurance operations journey, the role would fit somebody looking for a challenge and has experience in ensuring reinsurance arrangements are administered efficiently and accurately.Key responsibilities will include:
  • Responsible for reviewing technical accuracy of Reinsurance Settlement reports and Collateral Valuations covering a number of longevity based products.
  • Responsible for reviewing annual cleanse materials, including data changes, premium calculations and surrender amounts, ensuring technical accuracy throughout
  • Developing bespoke excel modelling tools to validate onboarding and accuracy of ongoing materials produced by strategic reinsurance platform
  • Reviewing reconciliation of premiums and claims on legacy reinsurance arrangements, drafting reports setting out the results of the reconciliation and recommendations for all stakeholders
  • Development of clear, efficient and robust processes to be used by the wider team. Responsible for continuous improvement of these processes to ensure they remain appropriate.
  • Responsible for working with the New Business Reinsurance team to ensure all new contracts are operationally viable prior to transaction.
  • Responsible for training new and existing members of the team in any appropriate operational developments.
  • Responsible for ensuring all processes and templates are clearly documented and have a suitable audit trail and version control.
  • Driving and supporting ad-hoc project work
What are we looking for?
  • Have technical knowledge and ability to fully understand the workings of our reinsurance platform
  • Strong experience working within the pensions, life and longevity reinsurance space
  • Experience in ensuring reinsurance arrangements are administered efficiently and accurately
  • Ability to build and maintain quality stakeholder relationships and has a keen eye for detail.
  • Commercial knowledge of pension de-risking products including bulk annuities and longevity swaps would be 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.Find out more about #LifeAtPhoenix
  • Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
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Phoenix Group