Canada Life logo

Canada Life

Share this job:

View all jobs at Canada Life

Canada Life is hiring an

Actuary (BPA)

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.

An opportunity has become available for a Qualified Actuary to join our BPA team. This would suit a newly qualified Actuary who ideally has BPA experience.

  • Responsible for reviewing and approving deferred member option calculations.
  • Maintaining and developing internal models to support deferred member option calculations.
  • Checking and responding to internal and external technical queries with existing schemes and their advisors.
  • Supporting business development and proposition teams to continually improve offering in relation to deferred member options.
  • Providing direction and guidance to a team to ensure all actuarial principles are understood.
  • Collaborative working across Canada Life and third-party administrator to drive forward new processes and ensure efficient systems and process are in place.
  • Ensure decisions taken with Customer focus and building relationships across the industry.
  • Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers).
  • Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.
  • Comprehensive understanding of the UK regulatory environment.
  • Able to build relationships and gain trust and respect at all levels with strong leadership skills.
  • Demonstrates personal drive, energy, persistence and self-motivation and awareness of the part played in the wider business.
  • Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).
  • Ability to apply actuarial techniques to business problems and to see wider implications.


Qualified Actuary - FIA

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.

View all jobs at Canada Life