Reinsurance Manager

Job Description

We have an incredible opportunity to join Phoenix Group as a Reinsurance Manager in our Annuity Client Services team.

Job Type:

Permanent

Location:

Based in London or Edinburgh, with two days per week working from home. We support flexible working arrangements and will discuss your preferences during the recruitment process.

Flexible working:

All roles are open to part-time, job-share, and other flexible arrangements. More information about Phoenix Flex can be found here.

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, 3 volunteering days, and more.

Who are we?We aim to be the best employer for our 6,600 colleagues. As the UK’s largest long-term savings and retirement business, we offer a range of products across our market-leading brands, including Standard Life, SunLife, Phoenix Life, and ReAssure. Approximately 1 in 5 UK residents has a pension with us. We are a FTSE 100 organization committed to transitioning to net zero by 2050.

The roleWorking closely with the Actuarial Operations Lead, you will support various aspects of reinsurance operations, ensuring arrangements are administered efficiently and accurately. This role is suitable for someone seeking a challenge with relevant experience.

Key Responsibilities:

Review technical accuracy of Reinsurance Settlement reports and Collateral Valuations for longevity products.Review annual data changes, premium calculations, and surrender amounts for accuracy.Develop bespoke Excel models to validate onboarding and ongoing materials from the reinsurance platform.Reconcile premiums and claims on legacy reinsurance arrangements, draft reports, and provide recommendations.Develop and improve processes for the team, ensuring they remain effective.Collaborate with the New Business Reinsurance team to ensure new contracts are operationally viable.Train team members on operational developments.Ensure processes and templates are well documented with audit trails and version control.Support ad-hoc project work.What we are looking for:

Technical knowledge of our reinsurance platform.Experience in pensions, life, and longevity reinsurance.Proven ability to administer reinsurance arrangements efficiently and accurately.Strong stakeholder relationship skills and attention to detail.Knowledge of pension de-risking products like bulk annuities and longevity swaps is desirable.We want to see the whole version of you.

We value diversity and welcome applicants from all backgrounds. If your experience differs from the description but you believe you can add value, we encourage you to apply. Please inform us of any adjustments needed during the recruitment process.

Note: We may remove the advert before the closing date. We recommend applying early.

Learn more about:

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