London

Potters Bar

Part Qualified

Qualified

Senior Actuary

Life

Investments

Python

Coding

Bulk Annuities

Pricing

Longevity

Excel

MATLAB

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

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 Canada Life commercial team located in Potters Bar, (Herts) are currently recruiting for a part qualified actuary to join them on the company student scheme. This position will support the data analysis team within the Commercial area which supports Annuity Pricing, Protection Pricing, Underwriting and Longevity Research teams.   The role will involve maintaining and improving the MI and processes across the commercial area. This in turn will deliver enhanced insights into the business to support decision making.  As a senior actuarial trainee at Canada Life, you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.  - Assist in gathering and prioritising requirements for the different areas within the commercial team.   
- 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. 
- 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. General responsibilities 
•    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 
•    Ensure compliance with Company policies, regulatory, professional &amp; legal requirements 
•    Actively study for the qualification as a FIA (or equivalent)  Technical Expertise 
- Ideally a demonstrable interest to work in a commercial environment 
- Knowledge and experience of R, VBA, Python or similar coding experience would be an advantage 
  Developing knowledge and understanding of different actuarial disciplines including via student rotation. 
•    Developing the ability to interpret as well as analyse 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 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 and report writing/drafting skills. 
•    Can explain complexities in a straightforward and accurate way with coaching or support from managers. Relationship Building: 
•    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. 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

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 role holder will lead the development and maintenance of models and system that Canada Life use to calculate regulatory capital for complex assets (public and private credit, commercial mortgages, equity release mortgages, etc).  
Such models and system will also be used to support high quality business decision making such as the choice of asset strategy and risk mitigation techniques. This ensures we are managing risk to the business in line with Canada Life’s risk appetite, complying with our statutory responsibilities and meeting the needs of our policyholders and regulators.  
  1) Maintain and develop Canada Life’s suite of models for complex assets in line with model governance requirements: 
o    Innovate proposals to make the models (and capital management more generally) more efficient and effective; 
o    Identify changes required to the model, and communicate them to senior management. Lead on the implementation and testing of model changes in line with Model Change Standard; 
o    Oversee validation testing required on the model; 
o    Ensure ongoing compliance with EUC requirements and PIM model governance requirements; 
Ensure model is maintained and operated within the intended control framework. 
2) Provide general technical oversight of the Canada Life PIM (“Partial Internal Model”) methodology, calibration and assumptions. This will involve: 
o    Identify and implement model change proposals; 
o    Lead on the annual model recalibration exercise for individual asset classes; 
o    Perform analysis and produce results for the 1st line validation process; 
o    Interpret the results of calibration and validation processes and communicate these to senior management and the Board. 
3) Support the Head of the Credit Risk and other relevant stakeholders with results and outputs from the PIM: 
o    Production of PIM SCR calculation, OSNA, SST &amp; other relevant outputs; 
o    Analyse and interpret results and outputs from the PIM and communicate them to the relevant senior stateholders; 
o    Coordinate the calculation of any required sensitivities; 
o    Outputs for the Profit and Loss attribution. Technical Expertise  
•    Significant experience in asset modelling in the context of life insurance industry with proven track record of developing capital models. Practical experience with Matlab / C++ is preferred, although experience with other programming language would also be considered. 
•    Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications 
•    Willing and capable of taking difficult and complex 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. Communication 
•    Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. 
•    Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues 
Relationship Building 
•    The ability to develop and maintain strong relationships across the actuarial function and the wider business, acting with integrity and role modelling the company values at all times.  
•    Strong interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders, Taking Initiative 
•    Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard. 
•    Self-motivated, well-organised, pragmatic and able to perform tasks independently. 
Qualifications: 
•    Fellow of Institute of Actuaries (or equivalent). 
  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

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 Capital and Hedging team are currently recruiting for a part qualified actuary to join them on the company student scheme. This position will support the development and management of derivative hedging strategies and would ideally suit a part qualified actuary with strong technical skills and financial markets experience.   This is a specialised, technical role which provides the opportunity to play a key role in the development &amp; implementation of hedging strategies within an innovative team at Canada Life. The role of the Capital &amp; Hedging team is to optimise the asset-liability position of Canada Life to achieve the best balance between financial risk and returns whilst protecting the balance sheet from market risks. The financial decisions associated with the ALM position can have a significant impact on our balance sheet and our customers.  As a senior actuarial trainee at Canada life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business to ensure that we are managing risk exposure most efficiently whilst satisfying our statutory responsibilities and the needs of policyholders and regulators.  Assist team in: 
•    managing a multi-billion portfolio of derivatives to hedge FX, interest rates and inflation risks for Canada Life and its clients.   
•    developing hedging strategies and implementing programmes to manage risks (structuring derivative transactions and conducting efficiency analysis). 
•    the capital generation analysis to support investment and asset allocation decisions including identification of any capital management optimisation opportunities 
•    developing and automating derivative risk MI  
•    supporting Canada Life’s clients and the BPA Team in their asset allocation and hedging needs  (risk analysis, hedging strategies and derivative asset management) 
  Technical Expertise 
•    Good knowledge of financial markets and derivative instruments  
•    Strong analytical skills and ability to automatise processes with Excel VBA  
•    Good understanding of the UK regulatory environment, and managing regulatory capital under Solvency II 
•    Strong problem-solving skills and attention to detail, being able to identify issues and recommending a course of action with support and guidance from colleagues.  
Developing understanding of different actuarial disciplines via student rotation. 
•    Developing the ability to analyse financial information to provide insight for management.  
•    Developing knowledge of statistical methods, models and controls, and their application. 
•    Ability to develop and enhance actuarial systems and spreadsheets, developing understanding of their commercial application/implication. 
•    Advanced MS excel skills demonstrating efficient use of spreadsheets and data analytics. 
•    Ability to deliver work to a high standard under tight time pressure with attention to detail 
 Communication:  
•    Strong analytical and report writing/drafting skills. 
•    Can explain complexities in a straightforward and accurate way  
Relationship Building: 
•    The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being always a role model for the company values. 
•    Taking part in and making a valuable contribution in different roles via 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 from colleagues. 
•    Can make decisions independently in order to progress issues, able to exercise sound judgement 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 implications. 
  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

Actuarial jobs at Canada Life