Bristol

London

Potters Bar

Part Qualified

Qualified

Senior Actuary

Life

Investments

Reserving

Reporting

Risk

Systems

Modelling

Experience Analysis

Prophet

Bulk Annuities

Pricing

Valuation

Capital

Longevity

Excel

Canada Life is a leading insurance and financial services provider in Canada. With a rich history dating back to 1847, it offers a range of products including life, health, and retirement solutions. Known for its strong customer focus and commitment to community, Canada Life is a trusted brand worldwide.

Canada Life

Location: Potters Bar, London or BristolCanada 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.As a senior actuarial trainee (part-qualified) at Canada Life in the Group Protection team, you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have the opportunity to advise the business or management to ensure that we are managing risk exposure to satisfy our statutory responsibilities as well as the needs of policyholders and regulators. The key metrics of involvement will be SII, IFRS and LICAT.The team size is relatively small, which offers the scope and opportunity to have direct exposure in the production of necessary actuarial deliverables, including but not limited to:<ul><li>Data Checks – the validity of data used within the reserving must be checked for completeness and accuracy.</li><li>Reserves – the calculation of SII, IFRS and LICAT reserves will be integral to the role, which will fundamentally involve updating spreadsheets in line with instructions and support from colleagues.</li><li>Analysis – beyond the production of the reserves, analysis and checks of the output will be required to provide rationale behind movements.</li><li>Auditor/regulator items – ad-hoc support will be required for queries or requests raised from auditors/regulators.</li><li>Forecasting – in the Group Protection team, we facilitate with forecasted reserves vs actual; thus support in producing the forecasting will be required.</li><li>Assumptions – support on the basis and assumption settings may involve running macros and refreshing spreadsheets.</li></ul>Key Responsibilities:<ul><li>Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.</li><li>Produce, or assist in the production, of regular departmental, business or regulatory reports taking into account commercial and statutory considerations.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</li><li>Take part in and make a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.</li></ul>Technical Expertise:<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation.</li><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.</li><li>Exposure to key reserving metrics including SII and IFRS (bonus if knowledge in LICAT also).</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li><li>Communicating effectively with junior analysts within the team.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving & Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self:<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>Qualifications:<ul><li>Degree (or equivalent) in Finance, Mathematics, Statistics or related field.</li><li>Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).</li><li>Eagerness of working through the Actuarial IFoA or equivalent exams.</li></ul>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.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.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.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.

Location: Bristol, London or Potters Bar Office.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.Job PurposeThere is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) Proposition and Projects team. The role is to ensure that the proposition strategy and arrangements are appropriately implemented within the BPA business unit. It will involve building relationships with external parties and working with colleagues across the Company.Key Accountabilities<ul><li>Execution of the proposition strategy so that the company can competitively deliver its BPA business.</li><li>Responsible for implementation of proposition changes in BPA and communication of these changes to key stakeholders and committees in an appropriate manner.</li><li>Maintain and develop relationships with a wide range of external stakeholders as appropriate.</li><li>Being a subject matter expert for BPA proposition and working with a range of internal departments to ensure arrangements are fully understood and implemented across the business.</li><li>Contribute fully to the BPA Proposition & Projects team including regular updates at team meetings and training to colleagues as required.</li><li>Ensuring governance and processes are in place in line with CLL Policies and Standards.</li></ul>Desired Knowledge / Experience / Skills<ul><li>Strong knowledge of UK Defined Benefit pensions.</li><li>Familiarity with BPA market, products and reinsurance structures.</li><li>Understanding of pricing, capital modelling and profit testing.</li><li>Ability to build relationships with people at all levels (internal and external).</li><li>Strong negotiation and communication skills.</li><li>Understanding and ability to implement/maintain an actuarial control framework.</li></ul>Qualifications:<ul><li>Qualified Actuary (with relevant post-qualification experience).</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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 inclusionBuilding 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.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.

Location: Can be located within our London, Potters Bar or Bristol office (there is an expectation of minimum 2 days per week to be in an office)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.As an experienced qualified actuary at Canada Life, you will be responsible for leading actuarial, statistical and financial insight and analysis to senior management. You will oversee analysis and insight produced by other actuaries where appropriate and lead small to medium sized teams of qualified and part-qualified actuaries and analysts.Using your significant specialist technical expertise and solid commercial understanding, you will advise the business and influence decisions, ensuring that we are managing risk in line with Canada Life’s risk appetite and complying with our statutory responsibilities.This role is focused on reinsurance valuation and reporting for the Canada Life business. It reflects the increased focus on reinsurance for Canada Life and will involve developing and maintaining reporting requirements to our reinsurers.Key Responsibilities:<ul><li>Accountable for providing accurate modelling, financial analysis, advice and support to various areas of the business, making considered and commercially astute recommendations.</li><li>Lead risk analysis activity within your discipline, operating cross-functionally across the business on BAU and project activities.</li><li>Communicate to senior executives the impact of various actuarial investigations, reports, recommendations and analyses.</li><li>Consider developmental opportunities to improve operational efficiency and competitive advantage.</li><li>Initiate and oversee the production of regular reports and annual/longer term plans undertaken by other actuaries.</li><li>Oversee and implement actuarial control frameworks, ensuring insight and commentary for senior managers is written to a high standard.</li><li>Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise performance.</li></ul>Technical Expertise:<ul><li>Strong commercial awareness and understanding of the needs of the business.</li><li>Experience in the life insurance industry and is a subject matter expert in several disciplines.</li><li>Proven ability to lead on high-profile projects, delivering complex projects on-time.</li><li>Experience in reinsurance reporting, both quota share and longevity swaps on annuity products.</li></ul>Communication:<ul><li>Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication.</li><li>Ability to adapt messages to the audience in a format that is easily understood by non-technical colleagues.</li><li>Strong influencing skills, with experience of engaging with Boards and senior management.</li></ul>Relationship Building:<ul><li>Ability to develop and maintain strong relationships across the actuarial function and the wider business.</li><li>Strong interpersonal/networking skills, maintaining relationships with multiple stakeholders.</li></ul>Taking Initiative:<ul><li>Exceptional problem-solving skills and attention to detail.</li><li>Self-motivated, well-organised, and able to perform tasks independently.</li></ul>Developing Self and Others:<ul><li>Experience in managing and motivating a diverse team.</li><li>Strong coaching ability in technical and non-technical skills.</li></ul>Qualifications:<ul><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>Benefits of working at Canada Life: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.Diversity and Inclusion:Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential is a key commitment for us.We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements for any of our roles should this be a requirement for you.

Location: This position can be located in either our London, Potters Bar or Bristol office.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.Contribute to the delivery of the capital strategy of Canada Life Limited through:<ul><li>Implementation of capital management actions, initially with a focus on reinsurance.</li><li>Ensuring operational readiness of processes arising from capital actions undertaken.</li><li>Identification and implementation of tactical improvements to capital models.</li><li>Development of new systems and processes to support ambitions to enhance capital modelling capabilities.</li></ul>Reports to the Head of Capital DevelopmentContribute to the implementation of strategic initiatives for Canada Life Limited to optimise capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.Own specific capital management initiatives or tasks, with a strong focus on delivery in agreed timelines.Support the effective management of projects, through strong communication and proactive risk management.Communicate regularly with senior stakeholders to ensure necessary items are reviewed, decisions are made and to provide regular updates on progress and issues.Work with and influence a broad range of stakeholders from across several departments within Canada Life as well as external parties.Ensure that operational readiness is achieved through effective development and handover of ongoing processes arising from strategic initiatives.Own the identification and implementation of process improvements to enhance capital modelling capabilities for the UK division of Canada Life.Own improvements to the ability to forecast, project and stress test Canada Life’s capital positions, covering both Solvency II & LICAT capital regimes.Support the strategic aims of the Finance department to modernisation systems and technology used, with a focus on enhancing capital modelling capabilities and outcomes, as well as improving the efficiency of existing capital modelling processes.Identify and implement tactical improvements to existing capital modelling processes to provide quick wins that provide improved analysis or process efficiency, while longer term modernisation activities progress.Ensure that operational readiness is achieved through effective handover of improvements and new processes.Proven ability to act independently as well as working as part of a wider team.Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.Strong communication skills (able to communicate with a wide variety of stakeholders across Canada Life, and articulate technical and complex issues clearly both verbally and in writing to senior and junior audiences).Delivery focused, with strong organisational skills and the ability to take a pragmatic solution if required.Strong technical skills including either financial reporting or Solvency II knowledge/experience.Good understanding of the UK regulatory environment.Ability to apply actuarial techniques to business problems and to see wider implications.Good working knowledge of reinsurance and other capital management techniques used by annuity providers.Experience of implementing significant process improvements and a desire to work with new systems and technologies.Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).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 UKWe 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.

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.The dedicated Group division, based in Bristol, is approximately 260 people strong, handling every aspect of Employee Benefit Protection (Group Risk) business from quotations and customer service support, to underwriting and claims.We are looking for a qualified actuary to join our Group Insurance Actuarial team, currently six in number. The role is mainly responsible for leading the calculation of statutory reserves and capital on multiple bases. The role works closely with other areas of the valuation and financial reporting departments, as well as the Pricing and Risk functions.This role will require both strong technical skills as well as the ability to communicate results to senior management.<ul><li>Calculation of technical reserves</li><li>Capital assessment on UK and Canadian bases, including Solvency 2 and LICAT.</li><li>Risk assessment and measurement for key insurance risks.</li><li>Key contribution to Canadian and UK profit and loss forecasting and assessment for the entire UK Protection operation.</li><li>Wide-ranging technical and actuarial support to the Protection lines of business.</li><li>Contributing to long- and short-term business planning.</li><li>Provide input and assistance to stress and scenario testing.</li><li>Management of actuarial students and support staff.</li></ul>Qualified actuary with relevant post-qualification experience.Experience of insurance markets and financial modelling software.Understanding of the need for a strong control framework.Ability to plan work and lead actuarial projects.Good verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholders.Ability to work under pressure and to deliver to tight timescales.Previous managerial experience is preferred.Knowledge of Group Risk markets would be beneficial but is not essential.Benefits of working at Canada LifeWe 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 LifeOur 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 inclusionBuilding 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 UKWe 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.

Responsibilities<ul><li>Support the Head of ALM Front Office in asset and liability management (ALM) and optimisation across the Canada Life Group European entities, including Irish Life, in respect of an asset portfolio of £30bn.</li><li>Support the Head of ALM Front Office in the optimisation of the Canada Life Limited (CLL) £9bn Matching Adjustment Portfolio (MAP).</li><li>Support the Investments Function and Commercial’s Pricing sub function to develop and implement an optimal asset strategy/ mix for New Business in respect of both the CLL and Irish Life businesses, including pricing for strategic 3rd party Bulk Annuity transactions.</li><li>Reports to the Head of ALM Front Office.</li><li>This position would suit a newly qualified actuary or up to 3 years post qualified.</li></ul>Requirements<ul><li>Strong understanding of asset classes to enable accurate production of Asset Liability Matching results.</li><li>Good knowledge of Solvency II and the Matching Adjustment. Knowledge of IFRS 17 and Bulk Annuities would be beneficial, but not essential.</li><li>Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).</li><li>Able to develop and consider all solutions to a technical problem, making recommendations and implementing actions as agreed with the Head of ALM Front Office or other key stakeholders.</li><li>Demonstrates personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Ability to build sound and trusted relationships both within and external to the team, successfully managing multiple stakeholders.</li><li>Demonstrates an understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</li><li>Proven track record of delivering under tight time pressure.</li></ul>QualificationsFellow of the Institute and Faculty of Actuaries (or equivalent).About Canada LifeCanada 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.What you’ll like about working hereAs a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.Diversity and inclusionCanada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.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.

About Canada Life UK: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.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.Job Description:To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Individual and Group Protection, Equity Release Mortgage, Onshore and Offshore Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimise overall team performance.This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.Technical Expertise:<ul><li>Good knowledge of Prophet and other actuarial models and their commercial application/implication.</li><li>Advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Validating the work of non-qualified and other recently qualified actuaries.</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Leadership:<ul><li>Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.</li><li>Able to effectively plan, organise and execute their own work (and the work of others) with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management.</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li></ul>Qualifications:Fellow of Institute of Actuaries (or equivalent).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.Flexible working: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.

Company: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.Responsibilities:<ul><li>Support the Head of ALM Front Office in asset and liability management (ALM) and optimisation across the Canada Life Group European entities, including Irish Life, in respect of an asset portfolio of £30bn.</li><li>Support the Head of ALM Front Office in the optimisation of the Canada Life Limited (CLL) £9bn Matching Adjustment Portfolio (MAP).</li><li>Support the Investments Function and Commercial’s Pricing sub function to develop and implement an optimal asset strategy/ mix for New Business in respect of both the CLL and Irish Life businesses, including pricing for strategic 3rd party Bulk Annuity transactions.</li><li>Reports to the Head of ALM Front Office.</li><li>This position would suit a newly qualified actuary or up to 3 years post qualified.</li><li>Support the Head of ALM Front Office in the optimisation of the MAP, producing regular asset/liability projections, developing rebalancing proposals with Investments, evaluating and recommending new asset classes and providing regular reporting on trading activities and rationale.</li><li>Support Pricing with recommendations of asset mix alternatives and returns (Markers), support onboarding of assets, coordinating in-specie transfers and mitigating onboarding risks (taking into account any reinsurance arrangements).</li><li>Support the Head of ALM Front Office and Investments with formulating asset strategy/mix taking into account relative asset attractions under Canadian/UK/EU regulatory regimes and setting guidelines for Investments on trading. Monitor impact of trading and liability changes in quarter.</li><li>Support the delivery of ALM information to multiple internal teams, delivering in line with Investment Management Agreements (IMAs) and Service Level Agreements (SLAs) with Investments front office and SLAs with Irish Life and Pricing.</li><li>Assist in the continuous review and improvement of the departments’ processes and procedures to ensure the provision of timely, accurate and efficient levels of service.</li></ul>Requirements:<ul><li>Strong understanding of asset classes to enable accurate production of Asset Liability Matching results.</li><li>Good knowledge of Solvency II and the Matching Adjustment. Knowledge of IFRS 17 and Bulk Annuities would be beneficial, but not essential.</li><li>Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).</li><li>Able to develop and consider all solutions to a technical problem, making recommendations and implementing actions as agreed with the Head of ALM Front Office or other key stakeholders.</li><li>Demonstrates personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Ability to build sound and trusted relationships both within and external to the team, successfully managing multiple stakeholders.</li><li>Demonstrates an understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</li><li>Proven track record of delivering under tight time pressure.</li><li>Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).</li></ul>What you’ll like about working here:As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.Diversity and inclusion:Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences. 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.

About Canada LifeCanada 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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleWe are recruiting a Modelling Actuary, to support the future growth of the Longevity and Catastrophe team within the Finance function, so it can be a trusted and partner that supports the business to make good financial decisions, by delivering excellent support, expertise and high-quality Management Information.This role will be within the Longevity and Catastrophe team, to primarily support the analysis of catastrophe mortality risk, mainly in the context of modelling the capital requirements relating to this risk, but also to assist the wider work of the team in understanding and modelling mortality/longevity outcomes more broadly.We are looking for someone to join our Longevity and Catastrophe team with a view to developing into our key catastrophe modeller. This role exists to help understand how to optimise our management of this risk and to understand the implications of the latest research in this field for Canada Life. Catastrophe risk is important for our group protection business, where we are the leading provider in the UK market.Responsibilities:<ul><li>Ownership of the catastrophe risk model</li><ul><li>Leading development / understanding of the catastrophe partial internal model</li><li>Coordinating and reviewing the annual recalibration of the model</li><li>Completing the annual line one validation of the model</li><li>Taking ownership of the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Taking responsibility for the upkeep and improvement of the various spreadsheets, models and processes that constitute the CAT risk model</li><li>Communicate the results appropriately so that key stakeholders have sufficient confidence and understanding of the model to make decisions based on it.</li><li>Use the risk model and any other appropriate analyses to help the business deal with the consequences of any emerging catastrophe events.</li></ul><li>Provide support to other areas if the business on catastrophe modelling and related risk management</li><ul><li>Supporting CLL and wider group risk teams (Europe, Canada) in catastrophe related analysis (ORSA/risk appetitive/reverse stress testing)</li><li>Supporting Corporate Actuarial in the production of capital reporting</li><li>Advise Protection Pricing / Underwriting on concentration of risk &amp; event limit referrals.</li><li>Support ad-hoc modelling of financial risks in other areas of the business.</li></ul><li>Responsible for managing the governance framework around the model</li><ul><li>Ensuring compliance of the CAT risk model with internal model governance (change control, documentation standards etc.), and maintenance of the various logs (expert judgements, limitations etc.)</li><li>Collating evidence of use of the CAT model, engaging with users and incorporating feedback into model development plans</li><li>Attend the Concentration of Risk Forum, providing specialist input on CAT matters</li></ul><li>General responsibilities</li><ul><li>Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities</li><li>Ensure compliance with Company policies, regulatory, professional &amp; legal requirements</li><li>Ensuring continuous review and improvement of the relevant processes</li><li>Fostering good risk culture and awareness within the wider team</li></ul></ul>Benefits of working at Canada Life:<ul><li>Competitive salary and comprehensive reward package including a generous pension and bonus scheme</li><li>Income protection, private medical insurance and life assurance</li><li>Range of training, flexible working and opportunities to grow and develop</li></ul>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.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 UKWe 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.

Location: Potters Bar, London, Bristol or Isle of Man (Hybrid working options available)About Canada LifeCanada 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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleTo support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Individual and Group Protection, Equity Release Mortgage,  Onshore and Offshore Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimise overall team performance.This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.Technical Expertise<ul><li>Good knowledge of prophet and other actuarial models and their commercial application/implication.</li><li>Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Validating the work of non-qualified and other recently qualified actuaries</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Leadership:<ul><li>Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.</li><li>Able to effectively plan, organise and execute their own work (and the work of others) with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li></ul>QualificationsFellow of Institute of Actuaries (or equivalent).Benefits of working at Canada LifeWe 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 LifeOur 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 inclusionBuilding 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 UKWe 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.

About Canada LifeCanada 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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleWe are recruiting a Modelling Actuary, to support the future growth of the Longevity and Catastrophe team within the Finance function, so it can be a trusted and partner that supports the business to make good financial decisions, by delivering excellent support, expertise and high-quality Management Information.This role will be within the Longevity and Catastrophe team, to primarily support the analysis of catastrophe mortality risk, mainly in the context of modelling the capital requirements relating to this risk, but also to assist the wider work of the team in understanding and modelling mortality/longevity outcomes more broadly.We are looking for someone to join our Longevity and Catastrophe team with a view to developing into our key catastrophe modeller. This role exists to help understand how to optimise our management of this risk and to understand the implications of the latest research in this field for Canada Life. Catastrophe risk is important for our group protection business, where we are the leading provider in the UK market.Ownership of the catastrophe risk model<li>Leading development / understanding of the catastrophe partial internal model</li><li>Coordinating and reviewing the annual recalibration of the model</li><li>Completing the annual line one validation of the model</li><li>Taking ownership of the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Taking responsibility for the upkeep and improvement of the various spreadsheets, models and processes that constitute the CAT risk model</li><li>Communicate the results appropriately so that key stakeholders have sufficient confidence and understanding of the model to make decisions based on it.</li><li>Use the risk model and any other appropriate analyses to help the business deal with the consequences of any emerging catastrophe events.</li></ul>Provide support to other areas if the business on catastrophe modelling and related risk management<ul><li>Supporting CLL and wider group risk teams (Europe, Canada) in catastrophe related analysis (ORSA/risk appetitive/reverse stress testing)</li><li>Supporting Corporate Actuarial in the production of capital reporting</li><li>Advise Protection Pricing / Underwriting on concentration of risk &amp; event limit referrals.</li><li>Support ad-hoc modelling of financial risks in other areas of the business.</li></ul>Responsible for managing the governance framework around the model<ul><li>Ensuring compliance of the CAT risk model with internal model governance (change control, documentation standards etc.), and maintenance of the various logs (expert judgements, limitations etc.)</li><li>Collating evidence of use of the CAT model, engaging with users and incorporating feedback into model development plans</li><li>Attend the Concentration of Risk Forum, providing specialist input on CAT matters</li></ul>General responsibilities<ul><li>Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities</li><li>Ensure compliance with Company policies, regulatory, professional &amp; legal requirements</li><li>Ensuring continuous review and improvement of the relevant processes</li><li>Fostering good risk culture and awareness within the wider team</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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 inclusionBuilding 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 UKWe 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.

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. We are looking for a part qualified actuary to support the Protection Valuation team, currently four in number.  The role will be to provide support for calculating statutory reserves and capital for the UK Protection Business.  The role works closely with other teams within the Finance Accounting &amp; Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions. 1) Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.  
-    Calculation, analysis and explanation of technical reserves and capital on both a UK and Canadian basis.  
-    Maintenance and development of valuation processes and models. 
-    Support the transition of the valuation reporting process to IFRS17  2) Produce, or assist in the production, of regular departmental, business or regulatory reports and analysis including providing support and inputs to Experience Analysis and Profit &amp; Loss Attribution.  3) Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.  4) Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.  5) Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy 
  Technical Expertise 
•    Developing knowledge and understanding of different actuarial disciplines including via student rotation. 
•    Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.  
•    Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication. 
•    Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication. 
•    Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills 
•    Ability to deliver work to a consistently high standard under tight time pressure with attention to detail 
  Communication:  
•    Strong analytical, verbal and report writing/drafting skills. 
•    Can explain complexities/technical content in a straightforward and accurate way with coaching or support from managers to a wide variety of stakeholders. Relationship Building: 
•    A team player able to work under pressure and to deliver to tight timescales 
•    The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times  
•    Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome. 
•    Taking part in and making a valuable contribution in different roles via actuarial student rotation. 
  Problem Solving &amp; Accurate Judgement: 
•    Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly. 
•    Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues. 
•    Can make some decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated. 
•    Proactive in approach to tasks and taking on new responsibilities.  Developing Self  
•    Actively studying for actuarial exams, usually being over half-way through their qualification. 
•    An interested and inquisitive individual who is committed to their own ongoing professional and personal development. 
•    Developing the ability to apply technical actuarial techniques and understand business/commercial implications. Degree (or equivalent) in Finance, Mathematics, Statistics or related field  
Part qualified Actuary 
Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential) What you’ll like about working here As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development. Diversity and inclusion Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences

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