Actuary

Standard Life (previously Phoenix Group); Birmingham; On-site; GBP 56,000 - 90,000; Full time

Benefits offered by this job

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Volunteering days

Job summary

Standard Life, a retirement specialist, is seeking a qualified actuary to analyse and validate model changes within the MMC3 programme. You will investigate complex actuarial issues, support decision making and help deliver improvements to the Internal Model.

With strong Solvency II knowledge and experience across life insurance, you will influence outcomes and collaborate with multiple teams to ensure successful project delivery and reporting accuracy.

Qualifications

• Qualified Actuary with experience in modelling, reporting or capital management.
• Strong understanding of Solvency II/Internal Model methodology.
• Experience analysing model outputs and solving complex actuarial problems.
• Experience supporting actuarial change projects and validation.

Responsibilities

• Analyse and validate model changes within MMC3 programme.
• Investigate complex actuarial issues and support decision‑making.
• Collaborate across teams to deliver high‑quality project results.
• Communicate technical findings clearly to stakeholders.

Skills

Actuarial modelling

Reporting

Capital management

Stakeholder communication

Education

Fellow actuary (FIA/IFoA)

Job description

Job Description

Job Type: Fixed Term Contract12 months

Location: Edinburgh/Birmingham/Hybrid Working

Flexible working: All 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.

Closing Date:17th August 2026

Salary and benefits: £56,200 – £89,900 plus an indicative bonus range of 16-32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

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

As part of the MMC3 programme, one of the most significant model change initiatives within Standard Life, this role offers the opportunity to work at the heart of a major regulatory and business transformation. You will play a key role in analysing and validating model changes, investigating complex actuarial issues and helping to deliver enhancements to the Internal Model. Working across multiple workstreams and stakeholder groups, you will use your actuarial expertise to support decision‑making, influence outcomes and ensure the successful delivery of high‑quality project results.

What are we looking for?

• Qualified Actuary with experience in actuarial modelling, reporting or capital management within a life insurance environment.
• Strong understanding of Solvency II/Internal Model methodology and the key drivers of balance sheet and capital results.
• Demonstrable experience analysing model outputs, investigating issues and solving complex actuarial problems.
• Experience supporting actuarial change projects, including test review, impact assessment and validation of model changes.
• Ability to work collaboratively across multiple teams, communicating technical findings clearly and influencing stakeholders to deliver project outcomes.

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 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