Job Description
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: 19th November 2025
Salary and benefits: £40,500 to £63,000 plus discretionary bonus, 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.
The role
We are seeking a commercially minded individual who is eager to advance their career in a pricing role and gain hands-on experience in the rapidly growing individual annuity market. The work you do will directly influence key commercial decisions and have a tangible impact on our potential customers.
As a key member of the team, you will be involved in a wide range of actuarial and pricing activities across our Lifetime and Fixed-Term Annuity products. This includes deepening our understanding of customer behaviour and contributing to the pricing strategy to ensure we meet the Group’s financial targets and growth ambitions.
What are we looking for?
- A strong commercial mindset with the ability to communicate effectively, both verbally and in writing.
- Knowledge of pricing concepts in retail flow business; direct experience with individual annuities is beneficial but not essential.
- A part-qualified actuary with a solid academic background and relevant insurance experience, committed to achieving full qualification (supported by the Phoenix Group).
- Understanding of key pricing metrics and regulatory frameworks, including Solvency II and IFRS.
- Strong analytical and quantitative skills, with a problem-solving mindset.
- Ability to adapt to varying work demands through effective planning and organization.
- Proficiency in relevant software tools such as Excel, VBA, and Power BI.
- A proactive approach to building technical and business knowledge, with a commitment to personal development.
Key Responsibilities
- Conduct pricing competitiveness analysis using market insight data, identifying opportunities to balance profitability and competitiveness.
- Lead the production of pricing MI to provide insights into product performance and market positioning.
- Implement pricing changes into production environments with accuracy and control.
- Support updates to pricing bases and assumptions.
- Contribute to the development and enhancement of individual annuity product lines.
- Perform a wide range of pricing calculations, analyse propositions and business data, and make recommendations to senior team members.
- Identify and implement improvements to existing tools and processes to enhance pricing capability and efficiency.
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.
Find out more about
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
