With Profits ALM Actuary

Job Type: Fixed Term until 31 May 2027
Location: Birmingham, Edinburgh, Telford or London. All 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 flexible working here
Salary: Between £67,600 and £108,300 dependent upon experience plus an indicative bonus range of 16% to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more
Closing Date: 27th October

Who are we?
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.

The role
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 our Asset Management team 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.

You will 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 along with engaging with and challenge other teams providing inputs e.g. Finance Reporting. You will also work with teams to whom outputs are provided to answer questions and help drive actions to completion plus deliver process improvements and efficiencies by understanding and challenging current approaches while maintaining a well-controlled environment. You will provide technical inputs and outputs to projects requiring WP ALM work along with supervising and mentoring other team members.

What We’re Looking For

• Be either Qualified or Part-Qualify actuary with relevant post-qualification experience ideally with previous experience in with-profits or asset-liability management
• Good understanding of with-profits balance sheet including capital requirements
• Good verbal and written communication skills
• Ideally have an understanding of different asset types suitable for with-profits funds and how they're used for hedging the balance sheet.

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.
We’re reviewing applications as they come in, so apply early to avoid missing out.

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