Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
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Job Purpose
We are looking for a qualified actuary to support the Annuities Valuation team, currently eight in number. The role will be to provide support to the Team Leader in managing the team responsible for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.
Key Accountabilities
- Calculation, analysis and explanation of Solvency II / IFRS17 technical reserves and capital on both a UK and Canadian basis.
- Embedding of new bulk annuity schemes (pensioners and deferred) within BAU reporting
- Supporting the calculation of reinsurance accounts
- Maintenance and development of valuation processes and models
- Contribute to Canadian and UK profit and loss assessment for the UK Annuities business
- Produce/Support experience analyses and set assumptions and impacts within a valuation basis
- Technical and actuarial support to the Annuities Business Unit
- Management of a team of actuarial students and support staff
Desired Knowledge / Experience / Skills
- Qualified actuary with some relevant pre/post-qualification experience
- Strong technical and analytical skills
- Understand the need for a robust control framework
- A team player able to work under pressure and to deliver to tight timescales
- Good verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholders
- Should be highly motivated and committed to continual process improvement
- Ability to plan work and lead actuarial projects
- Experience of financial modelling software
- Knowledge of annuities markets and reinsurance. Knowledge and experience of immediate and deferred bulk annuities highly desirable but not essential.
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.
"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK
We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.