Reinsurance Manager

Phoenix Group

. Support many aspects of the overall reinsurance operations journey .

Posted 10/9/2026full-timeLondon • United KingdomMid-LevelSenior💰 £69,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in Defined Benefit pension scheme calculations, cashflow modelling, and the technical accuracy of reinsurance operations. Proficient in developing Excel modelling tools and improving operational processes while ensuring compliance with complex pension scheme rules.

Highest-signal resume keywords

Defined Benefit Pension Scheme ExperienceExcel Modelling SkillsAnalytical SkillsStakeholder Relationship ManagementAttention to Detail

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Benefit CalculationsCashflow ModellingTechnical Accuracy ReviewReconciliation of Premiums and ClaimsComplex Calculation ValidationData Changes ReviewSurrender Amount CalculationsGMP InterpretationRevaluation AdjustmentsEarly/Late Retirement Adjustments

Soft Skills

Excellent Communication SkillsCollaborative Work StyleStrong Relationship Building

Tools & Technologies

Excel

Certifications & Qualifications

Qualified Actuary

Industry Keywords

Pension De-riskingLongevity SolutionsBulk AnnuitiesLongevity SwapsLongevity Reinsurance

About the role

Key responsibilities & impact

Support many aspects of the overall reinsurance operations journey
Review the technical accuracy of Reinsurance Settlement reports and Collateral Valuations covering longevity-based products
Review annual cleanse materials, including data changes, premium calculations and surrender amounts
Develop bespoke Excel modelling tools to validate onboarding and the accuracy of ongoing materials produced by the strategic reinsurance platform
Review reconciliation of premiums and claims on legacy reinsurance arrangements
Draft reconciliation reports setting out results and recommendations for stakeholders
Develop clear, efficient and robust processes for the wider team
Continuously improve processes to ensure they remain appropriate
Work with the New Business Reinsurance team to ensure new contracts are operationally viable before transaction
Train new and existing team members on appropriate operational developments
Ensure processes and templates are documented with suitable audit trails and version control
Drive and support ad-hoc project work

Requirements

What you’ll need

A newly qualified actuary with strong Defined Benefit pension scheme experience, including benefit calculations, cashflow modelling and projecting pension liabilities
Significant practical knowledge of DB pension benefits, gained through pensions administration, actuarial/benefits consultancy, implementation or technical calculation roles
Proven ability to interpret and apply complex DB pension scheme rules to benefit calculations, including GMP, revaluation, increases in payment and early/late retirement adjustments, and project these accurately into future cashflows
Strong analytical and Excel modelling skills
Experience developing, reviewing and validating complex calculations and models
Ability to identify discrepancies and ensure technical accuracy
Excellent communication skills
Ability to explain complex technical information clearly, build strong stakeholder relationships and work collaboratively
Strong attention to detail
Commercial knowledge of pension de-risking and longevity solutions, including bulk annuities, longevity swaps and/or longevity reinsurance, would be desirable

Benefits

Comp & perks

Bonus
Private medical cover
38 days annual leave
Excellent pension
12x salary life assurance
Career breaks
Income protection
3x volunteering days
Flexible working
Part-time, job-share and other types of flexibility
Support with adjustments to the recruitment process