Potters Bar

Intern

Graduate

Part Qualified

Life

Investments

Reporting

Risk

Systems

Modelling

Bulk Annuities

Pricing

Valuation

Capital

Excel

Location: Hertfordshire, Bristol or London Office.Please note this position is not part of the Canada Life Actuarial Trainee scheme and does not provide study support.This role would suit entry level analysts or former actuarial trainees that have decided to stop taking actuarial exams.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 purpose: As part of growing our BPA business we are looking for a number of analysts roles to support our Operations, Pricing and Proposition & Projects teams.Key Accountabilities:<ul><li>Review of pension scheme reports/data to put together data schedules and benefit specifications between Canada Life and Scheme Trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.</li><li>Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets, and reporting tools.</li><li>Create quality reports to ensure strong understanding of results, analysis and to allow the appropriate processing of downstream activities for example, administration updates, reinsurance accounting, premium changes, project plans and resource tracking.</li><li>Support the review of products, processes and/or reporting of BPA function and/or market. Proactively identifying and suggesting improvements to line management.</li><li>Clear and accurate written and verbal communication of data, actuarial and modelling reports to line management and wider business.</li><li>Working in a team with great diligence to ensure the modelling of data is accurate and complete.</li><li>Collaborative working across Canada Life to ensure efficient systems and processes are in place.</li><li>Ensure decisions taken with customer focus and supporting customer proposition from a pricing perspective.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers).</li></ul>Desired Knowledge / Experience / Skills:<ul><li>Strong technical skills with an awareness of Defined Benefit pension schemes and the legislative requirements of pension schemes.</li><li>Awareness and basic understanding of the UK regulatory environment.</li><li>Able to build relationships and gain trust and respect at all levels.</li><li>Demonstrates personal drive, energy, persistence, self-motivation and awareness of the part played in the wider business.</li><li>Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</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. 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.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: London or Potters Bar.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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.The first rotation for this role will be within the Capital and Liquidity team. Rotations usually last 18 to 24 months, and subsequent roles would likely be based in an actuarial team — e.g. pricing or valuation.<ul><li>Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime) and economic capital requirements.</li><li>Contribute to an effective Enterprise Risk Management (ERM) Framework by producing Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.</li><li>Contribute to the development and monitoring of capital and liquidity plans.</li><li>Contribute to the production of sensitivity testing to support various requirements including liaising with the actuarial modelling team on capital modelling and SST requirements, and development needs.</li></ul><ul><li>Student actuary who has already worked within an actuarial department.</li><li>Strong technical skills including either financial reporting, Solvency II or LICAT (Canadian) knowledge/experience.</li><li>Understanding of the UK regulatory environment.</li><li>Delivery focused and able to take a pragmatic solution if required.</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li><li>Proven ability to act independently as well as working as part of a wider team.</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>Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and useful.</li><li>Qualifications: Completion or near-completion of all Core Technical actuarial examinations (or equivalent).</li><li>Good working knowledge of MS Excel.</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.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.

Please note this position is not part of our trainee scheme and does not provide actuarial study support.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 purpose:As part of growing our BPA business we are looking for a number of analysts roles to support our Operations, Pricing and Proposition &amp; Projects teams.Key Accountabilities:<ul><li>Review of pension scheme reports/data to put together data schedules and benefit specifications between Canada Life and Scheme Trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.</li><li>Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets, and reporting tools.</li><li>Create quality reports to ensure strong understanding of results, analysis and to allow the appropriate processing of downstream activities for example, administration updates, reinsurance accounting, premium changes, project plans and resource tracking.</li><li>Support the review of products, processes and/or reporting of BPA function and/or market. E.g. supporting business readiness activity. Proactively identifying and suggest improvements to line management.</li><li>Clear and accurate written and verbal communication of data, actuarial and modelling reports to line management and wider business. E.g. Project initiation documents, KIRA etc.</li><li>Working in a team with great diligence to ensure the modelling of data is accurate and complete.</li><li>Collaborative working across Canada Life to ensure efficient systems and process are in place.</li><li>Ensure decisions taken with Customer focus and supporting customer proposition from a pricing perspective.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers)</li></ul>Desired Knowledge / Experience / Skills:<ul><li>Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.</li><li>Comprehensive understanding of the UK regulatory environment.</li><li>Able to build relationships and gain trust and respect at all levels.</li><li>Demonstrates personal drive, energy, persistence, self-motivation and awareness of the part played in the wider business.</li><li>Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.As an Actuarial Trainee at Canada Life you will be responsible for providing actuarial, statistical and financial analysis to senior management to contribute to the function’s ability to manage risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.The first rotation for this role would be within the Bulk Purchase Annuity team, based primarily in Potters Bar, north of London, to support the analysis of the Bulk Purchase Annuities business. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation.- Assist with the production of financial analysis for a specific area of the business with line management and team member support and supervision. The role holder will be developing sound understanding of statistical and financial models.- Contributing to reports within their function or discipline to enable management to make informed financial decisions and to manage risk.- Provide support to their immediate team by producing analysis and contributing to reports/reporting related to business products in a specific line of business or otherwise, to ensure that new business is written on profitable terms and managed effectively and that they comply with the company risk management framework.- Contribute to analysis for regular departmental and business reports taking in to account commercial and statutory considerations.- Provide commentary on analysis to immediate line management.- Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service and ensure that documentation is kept up to date.- 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 the company study policy.Technical Expertise:<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation</li><li>Can analyse financial information for immediate line management, beginning to provide insight and commentary.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Intermediate MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Developing sound analytical and report writing/drafting skills.</li><li>Developing the ability to explain complexities accurately with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain relationships within their team, 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 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 &amp; Accurate Judgement:<ul><li>Able to plan, organise and execute their own work with some 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 but able to exercise sound judgement to assess when matters need to be escalated.</li></ul>Developing Self:<ul><li>Actively studying for actuarial exams, usually being less than 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>Education:Degree (or equivalent) in Finance, Mathematics, Statistics or related field Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential)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 differencesWe 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.

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