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Open nowPosted 8 days ago

With Profits ALM Actuary

Standard Life33 open roles

Where
Birmingham, England, United Kingdom, Edinburgh, Scotland, United Kingdom, London, England, United Kingdom, Telford, England, United Kingdom
Work mode
Hybrid
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Your applicationOpen nowWith Profits ALM ActuaryStandard Life · Birmingham, England, United Kingdom, Edinburgh, Scotland, United Kingdom, London, England, United Kingdom, Telford, England, United Kingdom
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The clock on this job

Early applications get read.

12.9% of postings close within 7 days. Measured by our own scanner across the market. Standard Life postings stay open a median of 9 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 12.9%7 days
  4. 21.0%14 days
  5. 35.6%30 days
  6. 58.5%60 days
This job: posted 8 days ago

Standard Life median: 9 days open

The posting

Job Description

We are looking for an With-Profits ALM Actuary to join the team and help us manage £36bn of assets across 22 with-profits funds. This is a great opportunity to develop your career in a high-profile role interacting with many areas of the business including senior leaders.

Job Type: Permanent

Closing Date: 6th November

Location: This role could be based in any of our Birmingham, Edinburgh, Telford or London offices with time spent working in the office and at 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. You can read more about Phoenix Flex here.

Salary and benefits: £63,400 - £105,000 discretionary bonus medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.

We’re currently recruiting for a With-Profits ALM actuary to join our With-Profits Asset-Liability Management (WP ALM) team, part of the wider With-Profits Management directorate. We are passionate about delivering good customer outcomes for our with-profits customers across our 22 with-profits funds, which collectively hold £36bn in assets.

Good asset-liability management is crucial for ensuring we deliver this for our customers by ensuring that their policies are invested to provide the right mix of risk and returns. We do this through regular monitoring, hedge rebalancing and other actions throughout the year, supplemented by one-off projects.

We are looking to bolster our WP ALM capability (we're currently a team of about 10) by bringing on board an experienced actuarial specialist who understands assets, hedging, with-profits financial reporting, and the interplay between them. The role is high profile with regular opportunities to present to senior leaders like Chief Actuaries and With Profits Actuaries. The role holder will also engage with and challenge Finance Reporting actuaries to understand movements, as well as engaging with Phoenix Asset Management on investments.

There is an opportunity to get involved in the numerous exciting projects underway in the With-Profits area, most of which have an ALM component.

Key Responsibilities

  • Regularly monitor the risk profiles of our with-profits funds, recommend actions, win approval for those by presenting to senior leaders, and drive those actions to completion.
  • Engage with and challenge other teams providing inputs e.g. Finance Reporting
  • Work with teams to whom outputs are provided to answer questions and help drive actions to completion.
  • Deliver process improvements and efficiencies by understanding and challenging current approaches while maintaining a well-controlled environment
  • Provide technical inputs and outputs to projects requiring WP ALM work.
  • To supervise and mentor other team members.

What We’re Looking For

Essential

  • Good understanding of with-profits balance sheet including capital requirements
  • Good verbal and written communication skills
  • Confident, independent, and curious

Desirable

  • Previous experience in with-profits and/or asset-liability management
  • At least middling understanding of different asset types suitable for with-profits funds and how they're used for hedging the balance sheet.

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.

Find out more about working at Standard Life

  • Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates
  • Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us

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