Potters Bar

Intern

Graduate

Part Qualified

Life

Investments

Reporting

Risk

Modelling

Pricing

Valuation

Capital

Excel

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.

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 is a developmental intern role (8 weeks’ duration) suitable for a mathematics / actuary University student.The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team.No previous work experience is required however the individual will need to have the mathematical knowledge and initiative in order to perform the tasks themselves with coaching.<ul><li>Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.</li><li>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.</li><li>Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and / or Business Intelligence tools.</li><li>Assist the team in business and usual tasks such managing queries received into the team and ensuring responses are made in an agreed timeframe.</li></ul>• High numeracy, preferred• Entering final year of Undergraduate degree in Mathematics, Statistics or a related field• Good problem solving skills• Good MS office skills e.g. Excel, Word and PowerPoint• Currently studying in an Undergraduate degree in Mathematics, Statistics or a related fieldBenefits 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.

Closing date for applications: 10th MayDuration of internship: Will be approximately for 8 weeks during the summer periodLocation: Potters BarInternship is aimed at students from mathematical degrees who will be entering the final year in SeptemberCanada 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.This is a developmental intern role (8 weeks’ duration) suitable for a mathematics / actuary University student. The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team.No previous work experience is required however the individual will need to have the mathematical knowledge and initiative in order to perform the tasks themselves with coaching.<ul><li>Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.</li><li>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.</li><li>Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and / or Business Intelligence tools.</li><li>Assist the team in business and usual tasks such managing queries received into the team and ensuring responses are made in an agreed timeframe.</li></ul>Requirements:<ul><li>High numeracy, preferred</li><li>Entering final year of Undergraduate degree in Mathematics, Statistics or a related field</li><li>Good problem solving skills</li><li>Good MS office skills e.g. Excel, Word and PowerPoint</li><li>Currently studying in an Undergraduate degree in Mathematics, Statistics or a related field</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 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

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Actuary Internships Summer 2025 | Job Vacancies & Career Opportunities