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Canada Life is hiring an

Actuary (Modelling Production)

Location: London (Please note there is an expectation to be in the office at least twice a week)
Duration: 6 month fixed term contract.

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.

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 take a lead within the team and function to advise the business and influence decisions. This ensures that 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.

This role is a 6 month FTC within our Modelling Production Team. You will oversee and review the Model Runs and analysis completed by analysts and trainee actuaries. We are looking for someone with proven prophet valuation production experience and practical experience in IFRS 17 and Solvency II Modelling activities.

Key Responsibilities:

  • Accountable for providing accurate modelling, financial analysis, advice and support to a range of areas of the business, taking ownership for making considered and commercially astute recommendations. Utilising your subject matter expertise to analyse risk factors and demonstrate understanding and management of risk exposure.
  • Communicate to senior executives (Executive Director Individual Business, CFO, Head of Actuarial Function and other Heads of function and Director level stakeholders) the impact, financial and otherwise, of the various actuarial investigations, reports, recommendations and analyses.
  • Initiate and oversee the production of regular reports and annual/longer term plans undertaken by other actuaries, taking accountability for leading the continuous review and improvement of department processes and procedures.
  • Oversee and implement actuarial control frameworks, initiating regular review of appropriate actuarial controls and analysis.
  • Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise the performance of the team in line with the Division's objectives.

Technical Expertise:

  • Strong commercial awareness and understanding of the needs of the business.
  • Understand complex statistical and financial models across a range of actuarial disciplines.
  • Significant experience in the life insurance industry and is a subject matter expert in a number of disciplines within the function.
  • Proven ability to lead on high-profile projects, utilising experience in project management techniques.
  • Experience in IFRS17 and Solvency II financial reporting, particularly in the context of annuity products.

Communication:

  • Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication.
  • Strong ability to adapt messages to the audience, in a format that is easily understood by non-technical colleagues.
  • Strong influencing skills, with experience of engaging with Boards and senior management.

Relationship Building:

  • The ability to develop and maintain strong relationships across the actuarial function and the wider business.
  • 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.
  • Self-motivated, well-organised, pragmatic and able to perform tasks independently.

Developing Self and Others:

  • Strong skills and experience in managing and motivating a team from diverse professional backgrounds.
  • Strong coaching ability in technical and non-technical skills.
  • An interested and inquisitive individual committed to ongoing professional and personal development.

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.

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. 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 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 for any of our roles should this be a requirement for you.

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