Bristol

London

Potters Bar

Qualified

Senior Actuary

Life

Investments

Pensions

Reporting

Data

Reinsurance

Risk

Systems

Python

Modelling

Experience Analysis

Prophet

Coding

Bulk Annuities

Pricing

Valuation

Capital

Longevity

Excel

Contract

MATLAB

Location: Bristol or Potters Bar Office.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 Data team within Operations of the Bulk Purchase Annuities service line, supporting the analysis of executed bulk annuity policies. The role will be based primarily in Potters Bar. However, there is flexibility to base the role in Bristol for the successful candidate.Rotations usually last 18 to 24 months, and subsequent roles would likely be based in an actuarial team—e.g. pricing or valuation.Key Accountabilities<ul><li>Responsibility for the benefit modelling of schemes and accurate & complete data manipulation. This also includes premium true-up calculations.</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.</li><li>Support the transition of bulk schemes through to Buy Out including the data verification processes. This includes attending external calls where appropriate.</li></ul>General Responsibilities<ul><li>Ensure familiarity with risk management programs, and follow appropriate risk management procedures to control, monitor and report on business activities.</li><li>Ensure documentation is completed accurately and in a timely manner.</li><li>Ensure compliance with Company policies, regulatory, professional & legal requirements.</li><li>Actively study for the qualification as an FIA (or equivalent).</li></ul>Qualifications<ul><li>Student actuary who has Defined Benefit pensions experience. This could be through a pensions consultancy, an in-house pensions team or prior Bulk Purchase Annuities experience.</li><li>Basic knowledge of GMP equalisation is desirable but not essential.</li><li>Good knowledge of MS Excel.</li><li>Able to draw conclusions, explain rationale, and make recommendations.</li><li>Strong written and verbal communication skills.</li><li>Able to build relationships with people at all levels.</li><li>Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</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.

Location: Can be located within our London, Potters Bar or Bristol office (there is an expectation of minimum 2 days per week to be in an office)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.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 advise the business and influence decisions, ensuring that we are managing risk in line with Canada Life’s risk appetite and complying with our statutory responsibilities.This role is focused on reinsurance valuation and reporting for the Canada Life business. It reflects the increased focus on reinsurance for Canada Life and will involve developing and maintaining reporting requirements to our reinsurers.Key Responsibilities:<ul><li>Accountable for providing accurate modelling, financial analysis, advice and support to various areas of the business, making considered and commercially astute recommendations.</li><li>Lead risk analysis activity within your discipline, operating cross-functionally across the business on BAU and project activities.</li><li>Communicate to senior executives the impact of various actuarial investigations, reports, recommendations and analyses.</li><li>Consider developmental opportunities to improve operational efficiency and competitive advantage.</li><li>Initiate and oversee the production of regular reports and annual/longer term plans undertaken by other actuaries.</li><li>Oversee and implement actuarial control frameworks, ensuring insight and commentary for senior managers is written to a high standard.</li><li>Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise performance.</li></ul>Technical Expertise:<ul><li>Strong commercial awareness and understanding of the needs of the business.</li><li>Experience in the life insurance industry and is a subject matter expert in several disciplines.</li><li>Proven ability to lead on high-profile projects, delivering complex projects on-time.</li><li>Experience in reinsurance reporting, both quota share and longevity swaps on annuity products.</li></ul>Communication:<ul><li>Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication.</li><li>Ability to adapt messages to the audience in a format that is easily understood by non-technical colleagues.</li><li>Strong influencing skills, with experience of engaging with Boards and senior management.</li></ul>Relationship Building:<ul><li>Ability to develop and maintain strong relationships across the actuarial function and the wider business.</li><li>Strong interpersonal/networking skills, maintaining relationships with multiple stakeholders.</li></ul>Taking Initiative:<ul><li>Exceptional problem-solving skills and attention to detail.</li><li>Self-motivated, well-organised, and able to perform tasks independently.</li></ul>Developing Self and Others:<ul><li>Experience in managing and motivating a diverse team.</li><li>Strong coaching ability in technical and non-technical skills.</li></ul>Qualifications:<ul><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>Benefits of working at Canada Life: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.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 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.

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.There is an opportunity for a qualified actuary to join the bulk annuity pricing team. Successful applicants will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.<ul><li>Responsible for quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs</li><li>Liaising with investment front office to identify suitable assets to support bulk annuity transactions</li><li>Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations</li><li>Reviewing legal agreements and contributing to contract negotiations with external stakeholders</li><li>Supporting business development and relationship management</li><li>Contributing to the development of Canada Life’s pricing bases and pricing models that adhere to Canada Life’s risk tolerances and are scalable for future growth</li><li>Managing stakeholders and ensuring compliance with risk governance</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business</li></ul><ul><li>Strong knowledge of UK Defined Benefit pensions</li><li>Familiarity with bulk annuity market and products</li><li>Understanding of capital modelling and profit testing</li><li>Experience of managing stakeholders</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries)</li><li>Understanding and ability to implement/maintain an actuarial control framework</li><li>Qualified actuary</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 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.We are looking for a qualified actuary to support the Annuities Valuation team, currently eight in number. The role will be to provide support to the Team Leader in managing the team responsible for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.<ul><li>Calculation, analysis and explanation of Solvency II / IFRS17 technical reserves and capital on both a UK and Canadian basis.</li><li>Embedding of new bulk annuity schemes (pensioners and deferred) within BAU reporting</li><li>Supporting the calculation of reinsurance accounts</li><li>Maintenance and development of valuation processes and models</li><li>Contribute to Canadian and UK profit and loss assessment for the UK Annuities business</li><li>Produce/Support experience analyses and set assumptions and impacts within a valuation basis</li><li>Technical and actuarial support to the Annuities Business Unit</li><li>Management of a team of actuarial students and support staff</li></ul>Qualified actuary with some relevant pre/post-qualification experienceStrong technical and analytical skillsUnderstand the need for a robust control frameworkA team player able to work under pressure and to deliver to tight timescalesGood verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholdersShould be highly motivated and committed to continual process improvementAbility to plan work and lead actuarial projectsExperience of financial modelling softwareKnowledge of annuities markets and reinsurance. Knowledge and experience of immediate and deferred bulk annuities highly desirable but not essential.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 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.There is an opportunity for a qualified actuary to join the Retirement team which looks after Individual annuities and ERM lines of business. Successful applicants will be responsible for driving forward commercial initiatives within the team by working closely with Proposition, Pricing and Distribution teams.<ul><li>Support technical pricing by analysing the Retirement market.</li><li>Analyse large amount of data and feeding into and helping to develop pricing strategies.</li><li>Liaising with investment front office to discuss business projections and ensure suitable strategic asset allocation.</li><li>Support Head of Business performance on reinsurance development for individual annuities.</li><li>Managing stakeholders in progressing commercial initiatives.</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry.</li><li>Support development team in upgrading annuity pricing models.</li></ul>Technical Expertise:<ul><li>Strong knowledge of UK regulatory regime.</li><li>Familiarity with individual annuity market and products.</li><li>Understanding of capital modelling and profit testing.</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries).</li><li>Understanding and ability to implement/maintain an actuarial control framework.</li><li>Qualified actuary.</li><li>Familiar with R and Python coding languages.</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Leadership:<ul><li>Willing and capable of taking 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.</li><li>Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.</li><li>Able to effectively plan, organise and execute their own work (and the work of others) with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management.</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li><li>Qualifications: Fellow of Institute of Actuaries (or equivalent).</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.To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs. The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimize overall team performance. This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.<ul><li>Support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.</li><li>Contribute to the production and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions on a quarterly basis.</li><li>Provide effective management of a small team of actuarial trainees and analysts. Manage, develop and motivate the team in order to optimize the performance of the team.</li><li>Provide direction and guidance to the more junior staff to ensure all tasks are understood and appropriate processes and guidelines are followed.</li><li>Provide training and develop the skills and knowledge of the team (including providing opportunities for obtaining CPD) so that they have the expertise to achieve the business requirements.</li><li>Plan the work of the team to deliver timely results in a highly controlled, compliant regulatory environment taking account of both regular scheduled activities and adhoc business and key stakeholder requirements.</li><li>Responsible for the modeling and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions to meet additional annual reporting requirements.</li><li>Proactively seek opportunities for process development and improvement, and implementation of model changes.</li><li>Manage a strong control environment across the modeling process which is supported by appropriate key risk indicators; recommend and implement improvements to quality and speed across the end to end modeling process.</li><li>Maintain up to date process and control documentation and operate other controls required to mitigate risks within appetite in the process.</li><li>Ensure end user applications used in the relevant actuarial modeling processes are controlled according to Canada Life’s policy on end user computing.</li></ul>Technical Expertise• Good knowledge of prophet and other actuarial models and their commercial application/implication.• Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills• Validating the work of non-qualified and other recently qualified actuariesCommunication:• Excellent analytical and report writing/drafting skills• Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.• Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.Relationship Building:• The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modeling the company values at all times, in order to support the organization in achieving its goals and mitigating the organization’s exposure to risk.• Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.Leadership:• Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgment and commercial sense to understand the importance of different issues and assess when matters need to be escalated.• Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.• Able to effectively plan, organize and execute their own work (and the work of others) with minimal supervision, using their sound judgment to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.• Identify opportunities for improving processes and propositions and competently analyze and communicate these to line managementDeveloping Self:• An interested and inquisitive individual who is committed to their own ongoing professional and personal development.• Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.Qualifications• Fellow of Institute of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 behaviors 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 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.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.<ul><li>Responsible for reviewing and approving deferred member option calculations.</li><li>Maintaining and developing internal models to support deferred member option calculations.</li><li>Checking and responding to internal and external technical queries with existing schemes and their advisors.</li><li>Supporting business development and proposition teams to continually improve offering in relation to deferred member options.</li><li>Providing direction and guidance to a team to ensure all actuarial principles are understood.</li><li>Collaborative working across Canada Life and third-party administrator to drive forward new processes and ensure efficient systems and process are in place.</li><li>Ensure decisions taken with Customer focus and building relationships across the industry.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers).</li></ul><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 with strong leadership skills.</li><li>Demonstrates personal drive, energy, persistence and 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>QualificationsQualified Actuary - FIABenefits 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.There is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) Proposition and Projects team. The role is to ensure that the proposition strategy and arrangements are appropriately implemented within BPA business unit. It will involve building relationships with external parties and working with colleagues across the Company.<ul><li>Execution of the proposition strategy so that the company can competitively price its BPA business.</li><li>Responsible for implementation of proposition changes in BPA and communication of these assumptions to key stakeholders (e.g., Propositions &amp; Projects Director BPA, Business Development Director, Head of BPA Proposition, BPA Managing Director, CFO) and committees in an appropriate manner.</li><li>Maintain and develop relationships with a wide range of external stakeholders as appropriate e.g. external legal consultants, 3rd party providers etc.</li><li>Being a subject matter expect for BPA proposition and working with a range of internal departments to make sure arrangements are fully understood and implemented across the business (e.g. residual risks).</li><li>Contribute fully to the BPA Proposition &amp; Projects team including regular updates at team meetings and training to colleagues as required.</li><li>Ensuring governance and processes are in place in line with CLL Policies and Standards.</li></ul>Strong knowledge of UK Defined Benefit pensionsFamiliarity with BPA market, products and reinsurance structuresUnderstanding of pricing, capital modelling and profit testingAbility to build relationships with people at all levels (internal and external)Strong negotiation and communication skills (can communicate technical issues to senior people including non-actuaries)Understanding and ability to implement/maintain an actuarial control frameworkQualifications:Qualified Actuary (with relevant post-qualification experience)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.To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimize overall team performance.This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.<ul><li>Support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.</li><li>Contribute to the production and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions on a quarterly basis.</li><li>Provide effective management of a small team of actuarial trainees and analysts. Manage, develop and motivate the team in order to optimize the performance of the team.</li><li>Provide direction and guidance to the more junior staff to ensure all tasks are understood and appropriate processes and guidelines are followed.</li><li>Provide training and develop the skills and knowledge of the team (including providing opportunities for obtaining CPD) so that they have the expertise to achieve the business requirements.</li><li>Plan the work of the team to deliver timely results in a highly controlled, compliant regulatory environment taking account of both regular scheduled activities and adhoc business and key stakeholder requirements.</li><li>Responsible for the modeling and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions to meet additional annual reporting requirements.</li><li>Proactively seek opportunities for process development and improvement, and implementation of model changes.</li><li>Manage a strong control environment across the modeling process which is supported by appropriate key risk indicators; recommend and implement improvements to quality and speed across the end to end modeling process.</li><li>Maintain up to date process and control documentation and operate other controls required to mitigate risks within appetite in the process.</li><li>Ensure end user applications used in the relevant actuarial modeling processes are controlled according to Canada Life’s policy on end user computing.</li></ul>Technical Expertise• Good knowledge of prophet and other actuarial models and their commercial application/implication.• Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills• Validating the work of non-qualified and other recently qualified actuariesCommunication:• Excellent analytical and report writing/drafting skills• Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.• Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.Relationship Building:• The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modeling the company values at all times, in order to support the organization in achieving its goals and mitigating the organization’s exposure to risk.• Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.Leadership:• Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgment and commercial sense to understand the importance of different issues and assess when matters need to be escalated.• Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.• Able to effectively plan, organize and execute their own work (and the work of others) with minimal supervision, using their sound judgment to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.• Identify opportunities for improving processes and propositions and competently analyze and communicate these to line managementDeveloping Self:• An interested and inquisitive individual who is committed to their own ongoing professional and personal development.• Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.Qualifications• Fellow of Institute of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 behaviors 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.There is an opportunity for a qualified actuary to join the bulk annuity pricing team. Successful applicants will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.<ul><li>Responsible for quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs</li><li>Liaising with investment front office to identify suitable assets to support bulk annuity transactions</li><li>Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations</li><li>Reviewing legal agreements and contributing to contract negotiations with external stakeholders</li><li>Supporting business development and relationship management</li><li>Contributing to the development of Canada Life’s pricing bases and pricing models that adhere to Canada Life’s risk tolerances and are scalable for future growth</li><li>Managing stakeholders and ensuring compliance with risk governance</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business</li></ul><ul><li>Strong knowledge of UK Defined Benefit pensions</li><li>Familiarity with bulk annuity market and products</li><li>Understanding of capital modelling and profit testing</li><li>Experience of managing stakeholders</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries)</li><li>Understanding and ability to implement/maintain an actuarial control framework</li><li>Qualified actuary</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.Contribute to the delivery of the capital strategy of Canada Life Limited through:<ul><li>Implementation of capital management actions, initially with a focus on reinsurance.</li><li>Ensuring operational readiness of processes arising from capital actions undertaken.</li><li>Identification and implementation of tactical improvements to capital models.</li><li>Development of new systems and processes to support ambitions to enhance capital modelling capabilities.</li></ul>Reports to the Head of Capital DevelopmentContribute to the implementation of strategic initiatives for Canada Life Limited to optimize capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.<ul><li>Own specific capital management initiatives or tasks, with a strong focus on delivery in agreed timelines.</li><li>Support the effective management of projects, through strong communication and proactive risk management.</li><li>Communicate regularly with senior stakeholders to ensure necessary items are reviewed, decisions are made and to provide regular updates on progress and issues.</li><li>Work with and influence a broad range of stakeholders from across several departments within Canada Life as well as external parties.</li><li>Ensure that operational readiness is achieved through effective development and handover of ongoing processes arising from strategic initiatives.</li><li>Own the identification and implementation of process improvements to enhance capital modelling capabilities for the UK division of Canada Life.</li><li>Own improvements to the ability to forecast, project and stress test Canada Life’s capital positions, covering both Solvency II & LICAT capital regimes.</li><li>Support the strategic aims of the Finance department to modernize systems and technology used, with a focus on enhancing capital modelling capabilities and outcomes, as well as improving the efficiency of existing capital modelling processes.</li><li>Identify and implement tactical improvements to existing capital modelling processes to provide quick wins that provide improved analysis or process efficiency, while longer-term modernization activities progress.</li><li>Ensure that operational readiness is achieved through effective handover of improvements and new processes.</li></ul>Proven ability to act independently as well as working as part of a wider team.Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.Strong communication skills (able to communicate with a wide variety of stakeholders across Canada Life, and articulate technical and complex issues clearly both verbally and in writing to senior and junior audiences).Delivery focused, with strong organizational skills and the ability to take a pragmatic solution if required.Strong technical skills including either financial reporting or Solvency II knowledge/experienceGood understanding of the UK regulatory environment.Ability to apply actuarial techniques to business problems and to see wider implications.Good working knowledge of reinsurance and other capital management techniques used by annuity providers.Experience of implementing significant process improvements and a desire to work with new systems and technologies.Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 behaviors 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 position will be responsible for: Performance and communication of the Independent Validation of Canada Life’s Internal Model. A key role that contributes to the CRO’s Opinion of the ongoing appropriateness of the Internal Model.<ul><li>Deliver Independent Validation of the Internal Model for CLL and also in support of oversight at CLG. Regular activities include:
 <ul><li>Perform Independent Validation reviews of Internal Model components, ensuring reviews are preceded by an agreed Terms of Reference.</li><li>Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports. Obtain explicit management responses and agreement of remedial actions. Monitor progress on addressing findings raised, escalating where necessary, and challenge the evidence of remediation before closing findings.</li><li>Support the maintenance of a rolling schedule of review activity to provide appropriate coverage of Solvency II requirements.</li><li>Maintain effective records of review evidence and Risk Opinions.</li><li>Ensure work performed is in line with the CLG Internal Model Governance Policy and Solvency II requirements.</li></ul></li><li>Perform additional second line review activity, as appropriate:
 <ul><li>(Non-PIM) Model Risk Reviews and Management (Growing Area)</li><li>Perform other second line risk reviews, in support of the wider delivery of the Risk Team’s annual plan e.g. Pricing/Business Strategy.</li><li>Input to the wider ORSA process, as appropriate.</li><li>Provide Risk Opinions on key Internal Model activity including Model Changes.</li><li>Perform second line review of CLL’s Standard Formula Appropriateness Assessments.</li></ul></li><li>As required, attend Internal Model governance bodies.
 <ul><li>Support the annual review of Terms of Reference for Internal Model governance bodies.</li></ul></li><li>Manage stakeholder relationships in respect of the Internal Model.
 <ul><li>Maintain collaborative relationship with the CLG Risk Team, to ensure appropriate support is provided to help inform the CLG CRO’s Opinion of the ongoing appropriateness of the Internal Model at a CLG-level.</li><li>Support engagement with the PRA in respect of the Internal Model, and external parties, as appropriate.</li></ul></li><li>Maintain the Internal Model Standards documents that underpin CLG Internal Model Governance Policy, and ensure ongoing compliance with Solvency II requirements.</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 will support the delivery of financial reporting requirements to meet the needs of local management, the UK regulator and the wider Group. As well as contributing to the delivery of our quarterly & annual financial reporting requirements, the role will be key in supporting transformation & developing processes to reflect business changes within financial reporting and facilitate greater efficiency across all aspects of actuarial reporting.The role will provide extensive exposure to financial & solvency reporting as well as opportunities to communicate those results to management. In addition, we are looking for someone who will initiate & implement improvements and has a proven track record in this area.<ul><li>Review and communicate Canadian-IFRS & Solvency II results with a focus on understanding the key drivers of movements.</li><li>Build effective relationships with valuation, finance & investment team members to facilitate timely completion of reports & comprehensive analysis of results.</li><li>Maintain a controlled environment for reporting processes</li><li>Identify processes where efficiencies can be made & effectively implement changes in line with the change control policy</li><li>Keep abreast of industry issues and developments to ensure the business processes and results are in line with the industry and regulatory requirements.</li></ul>Qualifications:<ul><li>Qualified Actuary with relevant experience in financial reporting</li><li>Track record in effectively making process improvements</li><li>Good communicator</li><li>Good project management skills</li><li>Works well within a controlled environment, showing clear and comprehensive audit trails</li><li>Relevant experience in a Life Office</li><li>Excellent knowledge of MS Excel</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. 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 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.

Duration: 6 month Fixed Term contract (not day rate)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.Support the Risk &amp; Compliance department in delivering the desired output of a financial risk nature within the UK Division’s Risk &amp; Compliance Function.Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk &amp; Compliance department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriate financial risk management across the UK Division.Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include:<ul><li>Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises.</li><li>Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.</li><li>Leading the drafting of sections within the ORSA Report.</li><li>Ensuring maintenance of the ORSA Record and Stress &amp; Scenario Testing Standard.</li><li>Ensuring that the ORSA Policy is adhered to.</li><li>Following up on management actions resulting from the ORSA process.</li></ul>Support the Head of Risk Oversight – Insurance &amp; Capital and risk Business Partners in providing (financial risk) oversight of the first line:<ul><li>Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions).</li><li>Review and oversight of key corporate initiatives (e.g., Finance Transformation, IFRS17, reinsurance, capital optimisation, M&amp;A activity).</li><li>Review of the business planning process.</li><li>Ad hoc risk reviews as required.</li></ul>As a key member of the Insurance &amp; Capital Risk Oversight team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include:<ul><li>Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting.</li><li>Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco.</li><li>Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary.</li><li>Drafting the financial risk-related sections of the CRO Report.</li><li>Co-ordinate with CLG and Great-West Lifeco in order to:</li><li>Ensure alignment of Risk Appetite Frameworks and Risk Strategy.</li><li>Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks.</li><li>Adhere to oversight requirements on first line activity.</li><li>Relationship-building and knowledge sharing.</li><li>Support the Risk &amp; Compliance department in managing and developing the team in order to optimize team performance.</li></ul>- Experience in the life insurance industry.- Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework.- Deep knowledge and understanding of Solvency II requirements.- Experience of second line of defence risk oversight activities.- Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management.- Strong influencing skills, with experience of engaging with senior management in order to get desired outcome.- Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.- Proven track record of delivering under tight time pressure.- Self-motivated, well-organized, pragmatic and able to perform tasks independently.Benefits of working at Canada LifeWe believe in recognizing 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 behaviors 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.We now need a Qualified Actuary to support the transformation and the future growth of the Longevity and Catastrophe team, so it can be a trusted and commercial partner that influences the business to make good financial decisions, by delivering excellent support, expertise and high quality Management Information.This role will be within the Longevity and Catastrophe team, based primarily in Potters Bar, north of London, to support the analysis of longevity risk, mainly in the context of modelling the capital requirements relating to this risk, but also to assist the wider work of the team in understanding and modelling mortality/longevity outcomes more broadly.Annuitant mortality is our single biggest risk as a business. This role exists to help understand how to optimise our management of this risk and to understand what the latest research (both actuarial and external) in this fast changing field suggests about how longevity will develop in future.Longevity risk analysis:<ul><li>Supporting the ongoing development and maintenance of the longevity risk model for Solvency II purposes, and wider applications within the business</li><li>Carrying out the annual recalibration of the longevity risk model</li><li>Completing the annual line one validation of the model</li><li>Drafting, presenting and explaining the calibration and validation reports to governing committees and receiving approval for the proposed calibration</li><li>Contributing to the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Supporting the upkeep and improvement of the various spreadsheets, models and processes contained in the longevity risk model</li><li>Proposing longevity risk model changes and developments as necessary and support their implementations</li></ul>Managing the governance framework around the model<ul><li>Ensuring compliance of the longevity risk model with CLL internal model governance (change control, documentation standards etc.), and maintenance of the various logs (expert judgements, limitations etc.)</li><li>Collating evidence of use of the longevity model, engaging with users and incorporating feedback into model development plans</li><li>Contributing to internal governance groups including the Internal Model Experts Group</li><li>Coordinating longevity expert judgement panels and user groups</li><li>Overseeing on-going longevity trigger monitoring</li><li>Addressing challenges raised by independent validation / internal governance groups and take the lead of responding to these</li></ul>Provide support to other stakeholders (internal and external)<ul><li>Providing support to corporate actuarial in the production of capital reporting</li><li>Supporting CLL and wider group risk teams (CLG, GWL) in longevity related analysis (e.g. ORSA/risk appetitive/reverse stress testing)</li><li>Dealing with external stakeholders, e.g. consultants, independent validators and regulatory bodies</li></ul>Deepening the company’s understanding of annuitant mortality<ul><li>Supporting research into longevity topics from both actuarial and wider sources (e.g. medical, epidemiological, social, etc.)</li><li>Assisting in the production of clear reports on these issues to senior management and shaping thinking on these topics within the company</li><li>Supporting other work streams within the wider Longevity &amp; Catastrophe team as may be required (e.g. assist in developing longevity assumptions, conducting experience analysis)</li></ul>General responsibilities<ul><li>Ensuring familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities</li><li>Ensuring compliance with Company policies, regulatory, professional &amp; legal requirements</li><li>Ensuring continuous review and improvement of the relevant processes</li><li>Fostering good risk culture and awareness within the wider team</li><li>Managing, motivating and developing junior colleagues (this role has 2 direct reports)</li></ul>• Qualified Actuary with technical longevity knowledge and experience or a demonstrable interest to work in this field together with the ability to pick up new technical material quickly• Strong written communication tailored for a wide range of audiences• Effective communication with senior stakeholders• Good project and workflow management• Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements• Knowledge of Solvency II internal model requirements• Ability to develop a network within CLL and with those working in the longevity field elsewhereBenefits 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.<ul><li>Contribute to determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division.</li><li>Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models.</li><li>Contribute to the development and delivery of capital and liquidity plans including Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.</li><li>Reports to the Head of Capital and Liquidity</li></ul><ul><li>Contribute to the production and maintenance of the methodology for the calculation of economic capital and liquidity contributing to the ERM framework, and validating the proper implementation of that methodology in capital models.</li><li>Support the production and review of methodology used to determine regulatory capital requirements and ensuring this is implemented appropriately in models and results produced for regulatory reporting purposes.</li><li>Support initiatives required to:
 <ul><li>Optimise capital/liquidity requirements and/or</li><li>Reduce earnings volatility, and/or</li><li>Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework.</li></ul></li><li>Contribute to the development and delivery of SST results (both point in time and projections) that are required as part of an effective Enterprise Risk Management Framework.</li><li>Contribute to the production of sensitivity testing to support various requirements including:
 <ul><li>Risk reporting as required by the Risk Function;</li><li>Assumption significance assessment;</li><li>Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques.</li></ul></li><li>Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team.</li></ul><ul><li>Strong technical skills including either financial reporting or Solvency II knowledge/experience</li><li>Good 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, capital and liquidity information and convert this into management information that is both timely and helpful</li></ul>Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).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.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.Oversight of a scheme through to Buy Out from a Data perspective for both our existing and future Bulk Annuity transactions.Provide direction and guidance to a team to ensure all actuarial principles are understood and followed in the completion of Data Verification (or other exercises).Checking and responding to internal and external technical queries with existing schemes and their advisors.Meeting with existing schemes to manage project plans to agreed timescales and quality.Reviewing and approving calculations to premium top up and working across teams to agree approaches to make in methodologies.Improve the Data Verification process to increase efficiency and enhance customer outcomes at each stage of the process.Collaborative working across Canada Life to ensure efficient systems and process are in place.Ensure decisions taken with Customer focus, building relationships across the industry and supporting customer proposition from a pricing perspective.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 skillsDemonstrates 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.QualificationsQualified Actuary - FIABenefits 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.Job Summary:The role holder will support in delivering the overall goals of the Strategy and Commercial Director, including producing input for strategic proposals and market analysis. The role holder is also responsible for annual business plan projections and action management. The role holder has accountability for MI &amp; risk reporting in the Bulk Purchase Annuity (BPA) team.Duties &amp; Responsibilities:<ul><li>Support the development of the BPA strategy:
 <ul><li>Support development of the strategy, specifically:
 <ul><li>have comprehensive detail of competitors and market clearly documented.</li><li>cover near, medium and long term development plans.</li></ul></li><li>Responsible for production and coherence of the high-level business case for specific strategic developments, working with relevant affected business units.</li><li>Responsible for communicating the strategy with relevant internal stakeholders.</li><li>Support monitoring market developments to keep the strategy document current.</li></ul></li><li>Accountable for first line risk reporting in BPA, with support from the MI analyst:
 <ul><li>Work with the wider bulk annuity team to complete the Risk and Control Self-Assessment (RCSA) process.</li><li>Ensure that the risk register is current.</li><li>Support the BPA team with timely risk event reporting.</li><li>Embed regular risk reporting into the team.</li><li>Produce regular risk reporting to the Compliance and Operational Risk Committee (CORC).</li><li>Work with the BPA Senior Leadership Team to review and ensure completeness of risk reporting.</li><li>Responsible for the BPA inputs to the ORSA process and reporting.</li></ul></li><li>Accountable for the MI and reporting processes for the BPA team, with support from the MI analyst:
 <ul><li>Ensure that the MI reporting continues to meet stakeholder needs and continues to evolve with the business (e.g. Bulk senior management, Investments and Finance).</li><li>Work with the wider bulk team to ensure data collection is standardised, efficient and consistent.</li><li>Review MI produced by the MI analyst for accuracy.</li></ul></li><li>Responsible for the BPA business planning results. Liaise with relevant internal stakeholders to ensure the plan is appropriate (e.g. Investments, ALM).</li><li>Responsible for co-ordinating and managing internal audit actions across the BPA team.</li><li>Foster a culture of continuous improvement to ensure MI, risk and other processes offer meaningful insight and remain efficient.</li></ul>Experience for position:<ul><li>Knowledge and understanding of the BPA market is desirable.</li><li>Ability to influence peers to provide timely input.</li><li>Ability to communicate insights and make recommendations to a range of stakeholders (including non-technical).</li><li>Strong analytical skills - ability to use, interpret and develop meaningful data and make sound recommendations.</li><li>Strong technical ability to understand, challenge and review BPA risk and commercial MI.</li><li>Focus on delivering results and finding a way forward to keep momentum.</li><li>Creative and flexible in their approach to work.</li><li>Collaboration and facilitation skills.</li><li>Familiarity with regulatory requirements and compliance standards within the UK life insurance industry.</li><li>Qualified Actuary (or equivalent qualification).</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.

Location: This position can be located in either our London, Potters Bar or Bristol office.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.Contribute to the delivery of the capital strategy of Canada Life Limited through:<ul><li>Implementation of capital management actions, initially with a focus on reinsurance.</li><li>Ensuring operational readiness of processes arising from capital actions undertaken.</li><li>Identification and implementation of tactical improvements to capital models.</li><li>Development of new systems and processes to support ambitions to enhance capital modelling capabilities.</li></ul>Reports to the Head of Capital DevelopmentContribute to the implementation of strategic initiatives for Canada Life Limited to optimise capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.Own specific capital management initiatives or tasks, with a strong focus on delivery in agreed timelines.Support the effective management of projects, through strong communication and proactive risk management.Communicate regularly with senior stakeholders to ensure necessary items are reviewed, decisions are made and to provide regular updates on progress and issues.Work with and influence a broad range of stakeholders from across several departments within Canada Life as well as external parties.Ensure that operational readiness is achieved through effective development and handover of ongoing processes arising from strategic initiatives.Own the identification and implementation of process improvements to enhance capital modelling capabilities for the UK division of Canada Life.Own improvements to the ability to forecast, project and stress test Canada Life’s capital positions, covering both Solvency II & LICAT capital regimes.Support the strategic aims of the Finance department to modernisation systems and technology used, with a focus on enhancing capital modelling capabilities and outcomes, as well as improving the efficiency of existing capital modelling processes.Identify and implement tactical improvements to existing capital modelling processes to provide quick wins that provide improved analysis or process efficiency, while longer term modernisation activities progress.Ensure that operational readiness is achieved through effective handover of improvements and new processes.Proven ability to act independently as well as working as part of a wider team.Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.Strong communication skills (able to communicate with a wide variety of stakeholders across Canada Life, and articulate technical and complex issues clearly both verbally and in writing to senior and junior audiences).Delivery focused, with strong organisational skills and the ability to take a pragmatic solution if required.Strong technical skills including either financial reporting or Solvency II knowledge/experience.Good understanding of the UK regulatory environment.Ability to apply actuarial techniques to business problems and to see wider implications.Good working knowledge of reinsurance and other capital management techniques used by annuity providers.Experience of implementing significant process improvements and a desire to work with new systems and technologies.Qualifications: Fellow of the Institute and Faculty 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. 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 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.<ul><li>Contribute to determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division.</li><li>Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models.</li><li>Contribute to the development and delivery of capital and liquidity plans including Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.</li><li>Reports to the Head of Capital and Liquidity</li></ul><ul><li>Contribute to the production and maintenance of the methodology for the calculation of economic capital and liquidity contributing to the ERM framework, and validating the proper implementation of that methodology in capital models.</li><li>Support the production and review of methodology used to determine regulatory capital requirements and ensuring this is implemented appropriately in models and results produced for regulatory reporting purposes.</li><li>Support initiatives required to:
 <ul><li>Optimise capital/liquidity requirements and/or</li><li>Reduce earnings volatility, and/or</li><li>Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework.</li></ul></li><li>Contribute to the development and delivery of SST results (both point in time and projections) that are required as part of an effective Enterprise Risk Management Framework.</li><li>Contribute to the production of sensitivity testing to support various requirements including:
 <ul><li>Risk reporting as required by the Risk Function;</li><li>Assumption significance assessment;</li><li>Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques.</li></ul></li><li>Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team.</li></ul>Strong technical skills including either financial reporting or Solvency II knowledge/experienceGood understanding of the UK regulatory environment.Delivery focused and able to take a pragmatic solution if required.Ability to apply actuarial techniques to business problems and to see wider implications.Proven ability to act independently as well as working as part of a wider team.Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.Experience in applying technical expertise to analyse risk, capital and liquidity information and convert this into management information that is both timely and helpfulFellow of the Institute and Faculty of Actuaries (or equivalent).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 position will be responsible for:<ul><li>Performance and communication of the Independent Validation of Canada Life’s Internal Model.</li><li>A key role that contributes to the CRO’s Opinion of the ongoing appropriateness of the Internal Model.</li><li>Contribute to the wider delivery of the CLL Risk Team’s plan.</li><li>(Non-PIM) Model Risk Reviews and Management.</li><li>Contribute to Internal Model oversight at a CLG-level.</li><li>Maintain CLL’s Internal Model governance framework.</li></ul>Reports to the Head of Internal Model Oversight.1) Deliver Independent Validation of the Internal Model for CLL and also in support of oversight at CLG. Regular activities include:<ul><li>Perform Independent Validation reviews of Internal Model components, ensuring reviews are preceded by an agreed Terms of Reference.</li><li>Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports. Obtain explicit management responses and agreement of remedial actions. Monitor progress on addressing findings raised, escalating where necessary, and challenge the evidence of remediation before closing findings.</li><li>Support the maintenance of a rolling schedule of review activity to provide appropriate coverage of Solvency II requirements.</li><li>Maintain effective records of review evidence and Risk Opinions.</li><li>Ensure work performed is in line with the CLG Internal Model Governance Policy and Solvency II requirements.</li></ul>2) Perform additional second line review activity, as appropriate:<ul><li>(Non-PIM) Model Risk Reviews and Management (Growing Area).</li><li>Perform other second line risk reviews, in support of the wider delivery of the Risk Team’s annual plan e.g. Pricing/Business Strategy.</li><li>Input to the wider ORSA process, as appropriate.</li><li>Provide Risk Opinions on key Internal Model activity including Model Changes.</li><li>Perform second line review of CLL’s Standard Formula Appropriateness Assessments.</li></ul>3) As required, attend Internal Model governance bodies.<ul><li>Support the annual review of Terms of Reference for Internal Model governance bodies.</li></ul>4) Manage stakeholder relationships in respect of the Internal Model.<ul><li>Maintain collaborative relationship with the CLG Risk Team, to ensure appropriate support is provided to help inform the CLG CRO’s Opinion of the ongoing appropriateness of the Internal Model at a CLG-level.</li><li>Support engagement with the PRA in respect of the Internal Model, and external parties, as appropriate.</li></ul>5) Maintain the Internal Model Standards documents that underpin CLG Internal Model Governance Policy, and ensure ongoing compliance with Solvency II requirements.Requirements:<ul><li>Experience in the life insurance industry.</li><li>Strong technical knowledge and an understanding of Solvency II capital requirement calibrations, and a good understanding of Solvency II as a whole.</li><li>Knowledge of Internal Model calibrations and if not already an expert in the various elements of risk modelling within the Canada Life model, possess the technical ability to rapidly become technically proficient in those areas.</li><li>A good working knowledge and understanding the “three lines of defence”, and the risk oversight role of the second line.</li><li>Strong report writing skills and ability to convert technical issues into clear, concise reports.</li><li>Good communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.</li><li>Attention to detail and discipline in consistently applying rigour and ensure maintenance of audit trails.</li><li>Good influencing skills, with experience of engaging with senior management in order to get desired outcomes.</li><li>Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.</li><li>Proven track record at delivering reporting requirements under tight time pressure.</li><li>Knowledge of MATLAB, R is a bonus.</li><li>Self-motivated, well-organised, pragmatic and able to perform tasks independently.</li><li>Qualified Actuary.</li></ul>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.About the roleThere is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) pricing team with responsibility for reinsurance. The role is to ensure that the reinsurance strategy and arrangements are appropriately implemented within BPA Pricing. It will involve building relationships with external parties and working with colleagues across the Company.<ul><li>Execution of the reinsurance strategy so that the company can competitively price its BPA business.</li><li>Responsible for implementation of reinsurance basis in BPA and communication of these assumptions to key stakeholders (e.g., Head of BPA New Business, BPA Quotes Manager, BPA Managing Director, CFO) and committees in an appropriate manner.</li><li>Maintain and develop relationships with a wide range of reinsurers.</li><li>Responsible for management &amp; negotiation of live reinsurance pricing for BPA quotes including reinsurance terms.</li><li>Being a subject matter expect for BPA reinsurance and working with a range of internal departments to make sure arrangements are fully understood and implemented across the business (e.g. longevity swaps, quota share reinsurance).</li><li>Contribute fully to the BPA Pricing team including regular updates at team meetings and training to colleagues as required.</li><li>Ensuring governance and processes are in place in line with CLL Reinsurance Policies and Standards.</li></ul>Qualifications:<ul><li>Qualified Actuary (with relevant post-qualification experience)</li></ul>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 differences.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.

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.ResponsibilitiesSupport the Risk department in delivering the desired output of a financial risk nature within the UK Division’s Risk Function.Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriate financial risk management across the UK Division.Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include:<ul><li>Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises.</li><li>Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.</li><li>Leading the drafting of sections within the ORSA Report.</li><li>Ensuring maintenance of the ORSA Record and Stress &amp; Scenario Testing Standard.</li><li>Ensuring that the ORSA Policy is adhered to.</li><li>Following up on management actions resulting from the ORSA process.</li></ul>Support the Head of Financial Risk and risk Business Partners in providing (financial risk) oversight of the first line:<ul><li>Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions).</li><li>Review and oversight of key corporate initiatives (e.g., Finance Transformation, IFRS17, reinsurance, capital optimisation, M&amp;A activity).</li><li>Review of the business planning process.</li><li>Ad hoc risk reviews as required.</li></ul>As a key member of the Financial Risk team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include:<ul><li>Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting.</li><li>Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco.</li><li>Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary.</li><li>Drafting the financial risk-related sections of the CRO Report</li><li>Co-ordinate with CLG and Great-West Lifeco in order to:</li><li>Ensure alignment of Risk Appetite Frameworks and Risk Strategy</li><li>Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks</li><li>Adhere to oversight requirements on first line activity</li><li>Relationship-building and knowledge sharing</li><li>Support the Risk department in managing and developing the team in order to optimise team performance.</li></ul>Requirements<ul><li>Experience in the life insurance industry</li><li>Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework</li><li>Deep knowledge and understanding of Solvency II requirements</li><li>Knowledge of Bulk Annuities market and re-insurance preferred, but not essential</li><li>Experience of second line of defence risk oversight activities</li><li>Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management</li><li>Strong influencing skills, with experience of engaging with senior management in order to get desired outcome</li><li>Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders</li><li>Proven track record of delivering under tight time pressure</li><li>Self-motivated, well-organised, pragmatic and able to perform tasks independently</li></ul>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 differences.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.

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.Responsibilities<ul><li>Lead a team to complete Data Verification (or other exercises such as augmentations) for existing and future Bulk Annuity transactions.</li><li>Provide effective leadership of a team of actuaries, trainees and analysts in order to optimise the performance of the team.</li><li>Provide direction and guidance to the team to ensure all actuarial principles are understood and followed in the completion of Data Verification (or other exercises).</li><li>Train and develop the skills and knowledge of the team (including providing opportunities for obtaining CPD) so that they have the expertise to achieve the business requirements.</li><li>Plan the work of the team to deliver results in a highly controlled, well governed and compliant regulatory environment. Ensure team is resourced sufficiently and appropriately (recruiting as required).</li><li>Checking and responding to internal and external technical queries with existing schemes and their advisors.</li><li>Meeting with existing schemes to manage project plans to agreed timescales and quality.</li><li>Reviewing and approving calculations to premium top up and working across teams to agree approaches to make in methodologies.</li><li>Improve the Data Verification process to increase efficiency and enhance customer outcomes at each stage of the process.</li><li>Collaborative working across Canada Life to ensure efficient systems and process are in place.</li><li>Ensure decisions taken with Customer focus, building relationships across the industry and supporting customer proposition from a pricing perspective.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers)</li><li>Build a team that is united in purpose with a clear understanding of your team goals and how they align to company goals.</li></ul>Requirements<ul><li>Qualified Actuary - FIA</li><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 with strong leadership skills - able to manage, develop and motivate a team of technical actuarial staff.</li><li>Demonstrates personal drive, energy, persistence and 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>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 differences.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.

Responsibilities<ul><li>Support the Head of ALM Front Office in asset and liability management (ALM) and optimisation across the Canada Life Group European entities, including Irish Life, in respect of an asset portfolio of £30bn.</li><li>Support the Head of ALM Front Office in the optimisation of the Canada Life Limited (CLL) £9bn Matching Adjustment Portfolio (MAP).</li><li>Support the Investments Function and Commercial’s Pricing sub function to develop and implement an optimal asset strategy/ mix for New Business in respect of both the CLL and Irish Life businesses, including pricing for strategic 3rd party Bulk Annuity transactions.</li><li>Reports to the Head of ALM Front Office.</li><li>This position would suit a newly qualified actuary or up to 3 years post qualified.</li></ul>Requirements<ul><li>Strong understanding of asset classes to enable accurate production of Asset Liability Matching results.</li><li>Good knowledge of Solvency II and the Matching Adjustment. Knowledge of IFRS 17 and Bulk Annuities would be beneficial, but not essential.</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>Able to develop and consider all solutions to a technical problem, making recommendations and implementing actions as agreed with the Head of ALM Front Office or other key stakeholders.</li><li>Demonstrates personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Ability to build sound and trusted relationships both within and external to the team, successfully managing multiple stakeholders.</li><li>Demonstrates an understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</li><li>Proven track record of delivering under tight time pressure.</li></ul>QualificationsFellow of the Institute and Faculty of Actuaries (or equivalent).About Canada LifeCanada 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.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 differences.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.

Join a dynamic team within Canada Life UK, offering exciting opportunities for career development and exposure across a broad range of actuarial activities.Our purpose is to ensure the Actuarial Function is effective and continues to add value through its support in delivering Canada Life’s strategic objectives to grow and build better futures for our customers.This role gives a comprehensive view of the end-to-end actuarial activities necessary for the success of an insurance group.1) PIM First Line Governance, Oversight and Reporting<ul><li>Support AFS team in 1st line PIM governance responsibilities including:</li><li>Oversight of PIM methodology – ensuring changes are appropriately justified, documented and reported;</li><li>Oversight of annual recalibration of the PIM and 1st Line validation of the PIM results;</li><li>Ensuring PIM governance and processes are maintained and operating effectively and in line with relevant Policies and Standards; and</li><li>Produce and present regular high-quality reports on PIM performance for management and Board committees that meet their needs and the requirements of the PIM Policies and Standards.</li></ul>2) Actuarial Control Frameworks<ul><li>Support the AFS team to deliver, oversee and implement actuarial control frameworks, initiating regular review of appropriate actuarial controls and analysis. Ensuring insight and commentary for senior managers and boards is written to a high standard and complies with legislation and our own internal control requirements.Support the Head of AFS &amp; PIM to maintain the Policies and Standards for which the Director of Capital Management &amp; Actuarial Function Head is the owner, and attest to the compliance with other policies (local, CLG and Lifeco) as required</li></ul>3) Oversight (non-PIM) - Delivery of core oversight tasks of the Actuarial Function.<ul><li>This includes (but not limited to) validation and oversight of the methodology and assumptions used in the calculation of actuarial liabilities (technical provisions and reserves used in financial reporting) and the actuarial oversight of pricing, underwriting and reinsurance</li></ul>4) Reporting<ul><li>Support the Head of Actuarial Function Support and Partial Internal Model (“Head of AFS &amp; PIM”) and Director of Capital Management &amp; Actuarial Function Head in the production of actuarial reports to the management and Board including:</li><li>Valuation results and assessment of the appropriateness of the data, methodology and assumptions</li><li>Report on the tasks of the Actuarial Function including an opinion on the overall underwriting policy and adequacy of reinsurance arrangements for the company as a whole</li><li>Other ad-hoc reports as required.</li></ul>5) Risk Management System implementation -<ul><li>Director of Capital Management &amp; Actuarial Function Head to provide effective implementation of the CL risk management system as required, including:</li><li>Reviewing results, projections, stress and scenarios tests and associated reports</li><li>Providing management with information to understand the risks within the business</li><li>Support Capital management initiatives</li><li>Support business projects</li></ul>6) Wider team success<ul><li>Support the Head of AFS &amp; PIM in ensuring the success of the wider team by:</li><li>Effective communication and stakeholder management with senior executives</li><li>Building strong business relationships with stakeholders across the business</li><li>Championing role and value-add of AFS team</li><li>Mentor and coach part-qualified actuaries and other actuarial support colleagues to support their development</li><li>Role modelling Canada Life values at all times, acting with integrity and representing the function with pride and passion</li></ul>Technical Expertise<ul><li>Developing expertise in 1 or more areas within the function, demonstrating sound understanding of complex statistical methods and models with the ability to interpret financial information and controls to accurately advise stakeholders to inform their decisions.</li><li>Validating the work of non-qualified and other recently qualified actuaries</li><li>Good knowledge of a variety of actuarial models and controls and their commercial application/implication.</li><li>Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Planning and use of initiative:<ul><li>Willing and capable of taking 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.</li><li>Able to effectively plan, organise and execute their own work with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management</li></ul>Developing Self<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>About Canada LifeCanada 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.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.

As market risk actuary at Canada Life you will be responsible for leading actuarial and statistical analysis related to market risk, calibrating market risk capital model, developing market risk management framework, advising ALM and hedging strategy. Ensuring that we are managing market 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.Technical Expertise<ul><li>Strong capital modelling experience in market or credit risk space within life insurance industry.</li><li>Experience with using Principle-Component-Analysis technique in modelling market risk.</li><li>Practical experience with ALM and hedging for annuities.</li></ul>Communication<ul><li>Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.</li><li>Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues.</li></ul>Relationship Building<ul><li>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.</li><li>Ability to flex their style and delivery, in the moment, depending on the individual and/or audience.</li></ul>Taking Initiative<ul><li>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.</li><li>Self-motivated, well-organised, pragmatic and able to perform tasks independently.</li></ul>Developing Self and Others<ul><li>Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience.</li><li>Strong coaching ability in technical, and non-technical skills in order to support the development of others.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li></ul>Qualifications<ul><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>About Canada LifeCanada 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.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 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.

About Canada Life UK: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.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.Job Description:To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Individual and Group Protection, Equity Release Mortgage, Onshore and Offshore Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimise overall team performance.This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.Technical Expertise:<ul><li>Good knowledge of Prophet and other actuarial models and their commercial application/implication.</li><li>Advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Validating the work of non-qualified and other recently qualified actuaries.</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Leadership:<ul><li>Willing and capable of taking 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.</li><li>Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.</li><li>Able to effectively plan, organise and execute their own work (and the work of others) with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management.</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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. 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.Flexible working: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.

As market risk actuary at Canada Life you will be responsible for leading actuarial and statistical analysis related to market risk, calibrating market risk capital model, developing market risk management framework, advising ALM and hedging strategy. Ensuring that we are managing market 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.Technical Expertise<ul><li>Strong capital modelling experience in market or credit risk space within life insurance industry.</li><li>Experience with using Principle-Component-Analysis technique in modelling market risk.</li><li>Practical experience with ALM and hedging for annuities.</li></ul>Communication<ul><li>Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.</li><li>Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues</li></ul>Relationship Building<ul><li>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.</li><li>Ability to flex their style and delivery, in the moment, depending on the individual and/or audience.</li></ul>Taking Initiative<ul><li>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.</li><li>Self-motivated, well-organised, pragmatic and able to perform tasks independently.</li></ul>Developing Self and Others<ul><li>Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience</li><li>Strong coaching ability in technical, and non-technical skills in order to support the development of others.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development</li></ul>Qualifications<ul><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>About Canada LifeCanada 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.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 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.

Company: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.Responsibilities:<ul><li>Support the Head of ALM Front Office in asset and liability management (ALM) and optimisation across the Canada Life Group European entities, including Irish Life, in respect of an asset portfolio of £30bn.</li><li>Support the Head of ALM Front Office in the optimisation of the Canada Life Limited (CLL) £9bn Matching Adjustment Portfolio (MAP).</li><li>Support the Investments Function and Commercial’s Pricing sub function to develop and implement an optimal asset strategy/ mix for New Business in respect of both the CLL and Irish Life businesses, including pricing for strategic 3rd party Bulk Annuity transactions.</li><li>Reports to the Head of ALM Front Office.</li><li>This position would suit a newly qualified actuary or up to 3 years post qualified.</li><li>Support the Head of ALM Front Office in the optimisation of the MAP, producing regular asset/liability projections, developing rebalancing proposals with Investments, evaluating and recommending new asset classes and providing regular reporting on trading activities and rationale.</li><li>Support Pricing with recommendations of asset mix alternatives and returns (Markers), support onboarding of assets, coordinating in-specie transfers and mitigating onboarding risks (taking into account any reinsurance arrangements).</li><li>Support the Head of ALM Front Office and Investments with formulating asset strategy/mix taking into account relative asset attractions under Canadian/UK/EU regulatory regimes and setting guidelines for Investments on trading. Monitor impact of trading and liability changes in quarter.</li><li>Support the delivery of ALM information to multiple internal teams, delivering in line with Investment Management Agreements (IMAs) and Service Level Agreements (SLAs) with Investments front office and SLAs with Irish Life and Pricing.</li><li>Assist in the continuous review and improvement of the departments’ processes and procedures to ensure the provision of timely, accurate and efficient levels of service.</li></ul>Requirements:<ul><li>Strong understanding of asset classes to enable accurate production of Asset Liability Matching results.</li><li>Good knowledge of Solvency II and the Matching Adjustment. Knowledge of IFRS 17 and Bulk Annuities would be beneficial, but not essential.</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>Able to develop and consider all solutions to a technical problem, making recommendations and implementing actions as agreed with the Head of ALM Front Office or other key stakeholders.</li><li>Demonstrates personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Ability to build sound and trusted relationships both within and external to the team, successfully managing multiple stakeholders.</li><li>Demonstrates an understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</li><li>Proven track record of delivering under tight time pressure.</li><li>Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).</li></ul>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. 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.

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