Bristol

London

Potters Bar

Qualified

Senior Actuary

Life

Investments

Risk

Modelling

Prophet

Coding

Bulk Annuities

Pricing

Capital

Longevity

Excel

Power BI

Contract

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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleWe are recruiting a Modelling Actuary, to support the future growth of the Longevity and Catastrophe team within the Finance function, so it can be a trusted and partner that supports 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, to primarily support the analysis of catastrophe mortality 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.We are looking for someone to join our Longevity and Catastrophe team with a view to developing into our key catastrophe modeller. This role exists to help understand how to optimise our management of this risk and to understand the implications of the latest research in this field for Canada Life. Catastrophe risk is important for our group protection business, where we are the leading provider in the UK market.Responsibilities:<ul><li>Ownership of the catastrophe risk model</li><ul><li>Leading development / understanding of the catastrophe partial internal model</li><li>Coordinating and reviewing the annual recalibration of the model</li><li>Completing the annual line one validation of the model</li><li>Taking ownership of the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Taking responsibility for the upkeep and improvement of the various spreadsheets, models and processes that constitute the CAT risk model</li><li>Communicate the results appropriately so that key stakeholders have sufficient confidence and understanding of the model to make decisions based on it.</li><li>Use the risk model and any other appropriate analyses to help the business deal with the consequences of any emerging catastrophe events.</li></ul><li>Provide support to other areas if the business on catastrophe modelling and related risk management</li><ul><li>Supporting CLL and wider group risk teams (Europe, Canada) in catastrophe related analysis (ORSA/risk appetitive/reverse stress testing)</li><li>Supporting Corporate Actuarial in the production of capital reporting</li><li>Advise Protection Pricing / Underwriting on concentration of risk &amp; event limit referrals.</li><li>Support ad-hoc modelling of financial risks in other areas of the business.</li></ul><li>Responsible for managing the governance framework around the model</li><ul><li>Ensuring compliance of the CAT risk model with 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 CAT model, engaging with users and incorporating feedback into model development plans</li><li>Attend the Concentration of Risk Forum, providing specialist input on CAT matters</li></ul><li>General responsibilities</li><ul><li>Ensure 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>Ensure 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></ul></ul>Benefits of working at Canada Life:<ul><li>Competitive salary and comprehensive reward package including a generous pension and bonus scheme</li><li>Income protection, private medical insurance and life assurance</li><li>Range of training, flexible working and opportunities to grow and develop</li></ul>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.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.

Location: Potters Bar, London, Bristol or Isle of Man (Hybrid working options available)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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleTo 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>QualificationsFellow of Institute 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.

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.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.About the roleWe are recruiting a Modelling Actuary, to support the future growth of the Longevity and Catastrophe team within the Finance function, so it can be a trusted and partner that supports 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, to primarily support the analysis of catastrophe mortality 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.We are looking for someone to join our Longevity and Catastrophe team with a view to developing into our key catastrophe modeller. This role exists to help understand how to optimise our management of this risk and to understand the implications of the latest research in this field for Canada Life. Catastrophe risk is important for our group protection business, where we are the leading provider in the UK market.Ownership of the catastrophe risk model<li>Leading development / understanding of the catastrophe partial internal model</li><li>Coordinating and reviewing the annual recalibration of the model</li><li>Completing the annual line one validation of the model</li><li>Taking ownership of the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Taking responsibility for the upkeep and improvement of the various spreadsheets, models and processes that constitute the CAT risk model</li><li>Communicate the results appropriately so that key stakeholders have sufficient confidence and understanding of the model to make decisions based on it.</li><li>Use the risk model and any other appropriate analyses to help the business deal with the consequences of any emerging catastrophe events.</li></ul>Provide support to other areas if the business on catastrophe modelling and related risk management<ul><li>Supporting CLL and wider group risk teams (Europe, Canada) in catastrophe related analysis (ORSA/risk appetitive/reverse stress testing)</li><li>Supporting Corporate Actuarial in the production of capital reporting</li><li>Advise Protection Pricing / Underwriting on concentration of risk &amp; event limit referrals.</li><li>Support ad-hoc modelling of financial risks in other areas of the business.</li></ul>Responsible for managing the governance framework around the model<ul><li>Ensuring compliance of the CAT risk model with 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 CAT model, engaging with users and incorporating feedback into model development plans</li><li>Attend the Concentration of Risk Forum, providing specialist input on CAT matters</li></ul>General responsibilities<ul><li>Ensure 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>Ensure 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></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 organization.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.Responsible for the approach within pricing of equity release mortgage products and ensuring appropriate actuarial controls and monitoring of pricing are in place, they will ensure maintenance of and compliance with corporate policies and standards. In addition, this role will manage, motivate, and develop the performance of a small group of individuals in their team as required.<ul><li>Production of pricing reports and pricing proposals in accordance with the company's standards and policies for the ERM products.</li><li>Communication of pricing reports and other actuarial investigations to senior executives (MD Retirement, CFO, Head of Actuarial Function, etc.) and provide recommendations to senior executives to ensure a successful business operation.</li><li>Act as a subject matter expert and work with the Equity Release team and the Product team on project workstreams as required.</li><li>Responsibility for development of ERM modelling assumptions.</li><li>Oversee the development and maintenance of the pricing team's version of the ERM models in accordance with the Technical Actuarial Standards (where relevant), End User Computing and Model Risk Management and Validation Standard. Play a key role in discussions in developing the ERM PIM.</li><li>Feed into the derivation of annuity pricing yields and required capital, ensuring the pricing approach is in line with capital requirements and consistent with the approach under the Partial Internal Model (PIM).</li><li>Oversee the production of pricing and new business MI from the Equity Release team ensuring consistency of assumptions and presentation.</li><li>Proactively share Equity Release modelling knowledge with the Canada Life pricing team. Develop the skills and knowledge of the team so that they have the expertise to achieve business requirements as well as maximizing individual development.</li><li>Provide appropriate support to the wider team to implement recommendations/facilitate change to support the requirements of the business.</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry.</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 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 bulk annuity pricing team. Successful applicants will be involved in providing pricing recommendations, developing our bulk annuity proposition to be scalable for future growth and supporting client relationship management.<ul><li>Reviewing 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>Reviewing legal agreements and contributing to contract negotiations with external stakeholders</li><li>Supporting business development and relationship management (meeting with clients, managing pipeline etc.)</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>Requirements:<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>What you’ll like about working hereAs a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.Diversity and inclusionCanada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differencesWe appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for 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.As the third line of defence, Internal Audit is responsible for performing an independent assurance and providing an opinion on the effectiveness of systems of governance, risk management and internal control and the design and operating effectiveness of the Risk Governance Framework.An opportunity has arisen for an Actuarial Audit Manager to join our UK Internal Audit team. This role will suit an ambitious, motivated individual who is keen to manage a varied portfolio of actuarial audits as part of a global team, and who is interested in harnessing the power of data to deliver valuable, innovative insights to stakeholdersJob PurposeThe primary objective is to provide reliable and independent “opinions” on the adequacy, effectiveness and sustainability of actuarial processes across Lifeco, with a particular focus on the UK Division. The successful candidate will provide key support to the UK Chief Internal Auditor (CIA) in forming their regular opinions to be delivered to the UK Division Board Audit Committee. The scope of the UK Division opinions to be provided is broad, covering a range of actuarial processes (e.g.  product development and pricing, liability valuations, experience studies, capital, ORSA, etc). The scope of the opinions will cover local prudential requirements (e.g. SII and the equivalent in the IoM), local conduct requirements (e.g. FCA in the UK); and Canadian/other requirements (e.g. IFRS17, LICAT, etc).The successful candidate will functionally form part of Lifeco’s global Actuarial Internal Audit team, and will lead and manage resources from this global team (based in Ireland/Canada) on actuarial audit engagements. These audit engagements will span the regulatory jurisdictions (e.g. Ireland, UK, Germany, Isle of Man), and industries (e.g. Life and Health, Non-Life, Reinsurance) in which Lifeco operates.The secondary objective of the role is to drive the global Internal Audit strategic analytics agenda within the UK audit function in the form of data analytics, data acquisition, data normalization and data testing. In addition to providing data analytics expertise on specific audits, the role will participate in analytical projects with the objective of developing a sustainable data analytics program using relevant tools to support audit assessments, fraud investigations, business processes and effective decision making and analysis. The role will build an effective cross-regional knowledge-sharing network that informs a value-add audit product.Desired Knowledge / Experience / SkillsThe following skills and/or experience are essential for the primary objective:<ul><li>Qualified Actuary</li><li>Experience working within an actuarial audit role, OR a background in a range of technical actuarial roles (e.g. Pricing, Valuations, Capital Management, ALM, etc).</li><li>Strong commercial awareness and knowledge of insurance industry and actuarial professional standards.</li><li>Self-starter with willingness to manage a variety of projects and take responsibility for meeting audit delivery targets.</li><li>Strong interpersonal skills to facilitate working in a diverse team and managing relationships with internal and external customers.</li><li>Well-developed problem-solving and decision-making abilities.</li><li>Excellent communication skills (both written and oral) to facilitate the completion of high quality presentations and reports to senior management.</li></ul>The following skills and/or experience are essential for the secondary objective:<ul><li>Advanced analytical skills and excellent computing ability including experience working with databases and programming.</li><li>Applied advanced knowledge and experience in using computer-assisted tools and techniques (e.g., Excel, SQL, R, Power Bi)</li></ul>The following skills and/or experiences are an advantage:<ul><li>Experience using actuarial modelling software (e.g. Prophet)</li><li>Relevant work experience in a Big Four accounting firm or within a financial services company with demonstrated working knowledge of governance, risk management and internal controls.</li><li>Applied knowledge and experience in the use of accounting concepts, COSO Internal Control – Integrated Framework (2013), The IIA’s International Professional Practices Framework (2017)</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.

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 purposeSupport 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.Key accountabilitiesSupporting 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 & 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><li>Supporting the Head of Financial Risk and risk Business Partners in providing (financial risk) oversight of the first line:</li><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><ul><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></ul><li>Relationship-building and knowledge sharing</li><li>Support the Risk department in managing and developing the team in order to optimize team performance.</li></ul>Desired knowledge / experience / skills<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 IFRS17</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 differencesWe appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you

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About Canada Life
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.
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About the role
As an actuary working in the Canada Life finance change project, you would be responsible for driving forward process improvements to achieve significant improvements in the efficiency of Canada Life financial reporting processes and the quality of the end results. You will work closely with the relevant subject matter experts to achieve this. 
The Finance Change Actuary will design solutions to problems, present these to management before implementing and testing the solutions. Process improvements will have the end user in mind and be successfully embedded into BAU. 
The successful candidate will gain exposure and experience across a wide range of financial reporting and valuation areas.
The ideal candidate will have experience of successfully implementing process improvements and have worked in financial reporting. The successful candidate will need excellent organisation, communication and technical skills as well as being able to manage stakeholder expectations effectively.
You will:
<ul>
<li>Design solutions to problem areas within financial reporting (generally using MS Excel), with input from SME and present these solutions to management. This should include appropriate consideration to any risk areas.</li>
<li>Implement agreed solutions in line with the internal change control policies and with quality user acceptance and regression testing.</li>
<li>Facilitate adoption in BAU processes through a focus on the end user in creating the new tools and in providing appropriate documentation and training</li>
<li>Proactively manage your time and contribute efficiently to the wider project plans</li>
<li>Develop and maintain excellent relationships with the relevant project and BAU teams</li>
<li>Have a proven record of effective process improvement design and implementation</li>
<li>Have excellent knowledge and experience of MS Office (especially excel). Some Prophet &amp; VBA experience would be useful</li>
<li>Demonstrate excellent organisation and communication skills</li>
<li>Have strong actuarial technical skills with relevant experience</li>
<li>Be committed to your own professional development</li>
<li>Be creative and flexible in your approach to work</li>
</ul>
Qualifications
<ul>
<li>Actuary (can be newly qualified with relevant experience or with 1-5 years post-qualification experience)</li>
<li>Have experience in financial reporting and valuation</li>
</ul>
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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
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Duration: 12 months contract Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. We are recruiting for a 12 month fixed term contract for our Longevity Risk Actuary, who supports the transformation and the future growth of the Longevity and Catastrophe team within the Insurance function, 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 
Supporting the ongoing development and maintenance of the longevity risk model for Solvency II purposes, ICA as required, and wider applications within the business •    Carrying out the annual recalibration of the longevity risk model 
•    Completing the annual line one validation of the model 
•    Contributing to the full suite of model documentation, reviewing and developing this on an ongoing basis 
•    Supporting the upkeep and improvement of the various spreadsheets, models and processes contained in the longevity risk model 
•    Support the implementation of longevity risk model changes and developments 
•    Maintaining the ICA view of longevity risk as required 
Assist in managing the governance framework around the model 
•    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.) 
•    Collating evidence of use of the longevity model, engaging with users and incorporating feedback into model development plans 
•    Contributing to internal governance groups including the Internal Model Experts Group 
•    Coordinating longevity expert judgement panels 
Provide support to other stakeholders (internal and external) 
•    Providing support to corporate actuarial in the production of capital reporting 
•    Supporting CLL and wider group risk teams (CLG, GWL) in longevity related analysis (ORSA/DCAT/risk appetitive/reverse stress testing) 
•    Dealing with external stakeholders, e.g. consultants, independent validators and regulatory bodies Deepening the company’s understanding of annuitant mortality 
•    Supporting research into longevity topics from both actuarial and wider sources (e.g. medical, epidemiological, social, etc.) 
•    Assisting in the production of clear reports on these issues to senior management and shaping thinking on these topics within the company 
General responsibilities 
•    Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities 
•    Ensure compliance with Company policies, regulatory, professional &amp; legal requirements 
•    Ensuring continuous review and improvement of the relevant processes 
•    Fostering good risk culture and awareness within the wider team 
•    Managing, motivating and developing junior colleagues (this role has 2 direct reports) •    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 elsewhere 
  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

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 involved in providing pricing recommendations, developing our bulk annuity proposition to be scalable for future growth and supporting client relationship management. - Reviewing quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs 
- Liaising with investment front office to identify suitable assets to support bulk annuity transactions 
- Reviewing legal agreements and contributing to contract negotiations with external stakeholders 
- Supporting business development and relationship management (meeting with clients, managing pipeline etc.) 
- 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 
- Managing stakeholders and ensuring compliance with risk governance 
- Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry 
- Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business 
  - Strong knowledge of UK Defined Benefit pensions and reinsurance structures 
- Familiarity with bulk annuity market and products 
- Understanding of capital modelling and profit testing 
- Experience of managing stakeholders 
- Strong communication skills (able to communicate technical issues to senior people including non-actuaries) 
- Understanding and ability to implement/maintain an actuarial control framework- Qualified actuary  
  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

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. Leading the modelling, valuation and reporting of the equity release mortgage (ERM) portfolio, and supporting the modelling and reporting of inflation risk for Canada Life UK Division. 1) Lead the production of regular ERM valuations and reporting in accordance with the relevant standards and regulations for the UK Division and other funders. This will include: 
•    Production of quarterly reporting packs for ERM portfolios. 
•    Accurate and timely reporting of other associated requirements e.g. analysis of change, risk reporting, investment reporting 
•    Communication of the ERM valuation results to senior executives (Chief Investment Officer, Chief Financial Officer, Chief Actuary etc.) and provide recommendations as necessary. 
•    Review the valuation basis for ERM’s on an annual basis in accordance with the relevant standards and regulations. Present the proposal to senior management to get their sign off. 
•    Provide appropriate support to the Reporting Actuaries and others to implement basis review recommendations and/or facilitate change to support the requirements of the business. 
•    Provide input/support on ERM’s to the internal modelling team, Home Finance team and ERM pricing team, as necessary. 
2)   Lead the initiative to improve and optimise the ERM valuation process and provide value adding insight to the business. 
•    Support relevant initiatives and projects across the business for ERMs and inflation risk. 
3)   Support inflation risk reporting as required, including: 
•    Support the establishment of inflation risk management framework within the UK division. 
•    Support the production of Management information for inflation risk and enhance inflation models and documentations. 
•    Support the development of Solvency II Inflation risk internal model. 
•    Production of MI and other papers for the Asset/Liability Committee and working groups. 
•    Provide inflation risk assessments and support stress and scenario testing for the ORSA 
    Technical Expertise  
•    Experience with valuation / reporting work and practical experience with setting actuarial basis. 
•    Understanding and ability to implement/maintain an actuarial control framework. 
•    Prior experience with ERMs, Inflation risk would be advantageous. 
•    Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications. 
•    Willing and capable of taking difficult and complex 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. 
•    Prior experience with Matlab would be advantageous.   Communication 
•    Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management. 
•    Strong ability to adapt messages to the audience, in a format that is easily understood by non-technical colleagues.   Relationship Building 
•    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.  
•    Strong interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.   Taking Initiative 
•    Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard. 
•    Self-motivated, well-organised, pragmatic and able to perform tasks independently. 
•    Fellow of Institute of Actuaries (or equivalent). 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

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 delivery of core oversight tasks of the Actuarial Function.  This includes (but not limited to) validation and oversight of the calculation of actuarial liabilities (Solvency II technical provisions c.£25bn at YE2020) and the actuarial oversight of pricing, underwriting and reinsurance across Canada Life UK. 
  Oversee Canada Life Limited (“CLL”) Partial Internal Model (“PIM”) methodology, PIM calibration and 1st line validation of PIM.  Ensure PIM governance and processes are maintained and work effectively.  Deliver high quality and effective PIM reporting to meet the needs of senior management and Board. 
  Support the Head of Actuarial Function Support and Partial Internal Model (“Head of AFS &amp; PIM”) and Deputy Chief Actuary (“DCA”) in their responsibilities to establish and maintain the actuarial governance processes and to provide overview and challenge to actuarial deliveries and to the broader activities of the business as appropriate. 
  This position is located in our Potters Bar, Hertfordshire office 
  1) PIM First Line Governance, Oversight and Reporting -   Support AFS team in 1st line PIM governance responsibilities including: 
-    Oversight of PIM methodology – ensuring changes are appropriately justified, documented and reported; 
-    Oversight of annual recalibration of the PIM and 1st Line validation of the PIM results; 
-    Ensuring PIM governance and processes are maintained and operating effectively and in line with relevant Policies and Standards; and 
-    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. 
2) Actuarial Control Frameworks – 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 and DCA to maintain the Policies and Standards for which the Chief Actuary is the owner, and attest to the compliance with other policies (local, CLG and Lifeco) as required 
3) Oversight (non-PIM) - Delivery of core oversight tasks of the Actuarial Function.  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 
4) Reporting – Support the Head of Actuarial Function Support and Partial Internal Model (“Head of AFS &amp; PIM”) and Deputy Chief Actuary (“DCA”) in the production of actuarial reports to the management and Board including: 
-    Valuation results and assessment of the appropriateness of the data, methodology and assumptions 
-    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 
-    Other ad-hoc reports as required. 
5) Risk Management System implementation -  Support DCA and Chief Actuary to provide effective implementation of the CL risk management system as required, including: 
-    Reviewing results, projections, stress and scenarios tests and associated reports 
-    Providing management with information to understand the risks within the business 
-    Support Capital management initiatives 
-    Support business projects 
6) Wider team success – Support the Head of AFS &amp; PIM in ensuring the success of the wider team by: 
-    Effective communication and stakeholder management with senior executives  
-    Building strong business relationships with stakeholders across the business 
-    Championing role and value-add of AFS team   
-    Mentor and coach part-qualified actuaries and other actuarial support colleagues to support their development 
-    Role modelling Canada Life values at all times, acting with integrity and representing the function with pride and passion 
  Technical Expertise 
•    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. 
•    Validating the work of non-qualified and other recently qualified actuaries  
•    Good knowledge of a variety of actuarial models and controls and their commercial application/implication. 
•    Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills 
  
Communication:  
•    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 modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.  
•    Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome. 
  
Planning and use of initiative: 
•    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. 
•    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. 
•    Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management 
  
Developing 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. 
  
•    Fellow of Institute of Actuaries (or equivalent). 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

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 determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division. 
•    Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models. 
•    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. 
•    Reports to the Head of Capital and Liquidity. 
  •    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.  •    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.  •    Support initiatives required to: 
o    Optimise capital/liquidity requirements and/or 
o    Reduce earnings volatility, and/or 
o    Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework. •    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.  •    Contribute to the production of sensitivity testing to support various requirements including: 
o    Risk reporting as required by the Risk Function; 
o    Assumption significance assessment; 
o    Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques. •    Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team. 
  •    Strong technical skills including either financial reporting or Solvency II knowledge/experience 
•    Good 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 helpful Qualifications 
Fellow of the Institute and Faculty of Actuaries (or equivalent). 
  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

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 delivery of core oversight tasks of the Actuarial Function.  This includes (but not limited to) validation and oversight of the calculation of actuarial liabilities (Solvency II technical provisions c.£25bn at YE2020) and the actuarial oversight of pricing, underwriting and reinsurance across Canada Life UK. 
  
Oversee Canada Life Limited (“CLL”) Partial Internal Model (“PIM”) methodology, PIM calibration and 1st line validation of PIM.  Ensure PIM governance and processes are maintained and work effectively.  Deliver high quality and effective PIM reporting to meet the needs of senior management and Board. 
  
Support the Head of Actuarial Function Support and Partial Internal Model (“Head of AFS &amp; PIM”) and Deputy Chief Actuary (“DCA”) in their responsibilities to establish and maintain the actuarial governance processes and to provide overview and challenge to actuarial deliveries and to the broader activities of the business as appropriate. 
  This position is located in our Potters Bar, Hertfordshire office 1) PIM First Line Governance, Oversight and Reporting -   Support AFS team in 1st line PIM governance responsibilities including: 
-    Oversight of PIM methodology – ensuring changes are appropriately justified, documented and reported; 
-    Oversight of annual recalibration of the PIM and 1st Line validation of the PIM results; 
-    Ensuring PIM governance and processes are maintained and operating effectively and in line with relevant Policies and Standards; and 
-    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. 2) Actuarial Control Frameworks – 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 and DCA to maintain the Policies and Standards for which the Chief Actuary is the owner, and attest to the compliance with other policies (local, CLG and Lifeco) as required 3) Oversight (non-PIM) - Delivery of core oversight tasks of the Actuarial Function.  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 4) Reporting – Support the Head of Actuarial Function Support and Partial Internal Model (“Head of AFS &amp; PIM”) and Deputy Chief Actuary (“DCA”) in the production of actuarial reports to the management and Board including: 
-    Valuation results and assessment of the appropriateness of the data, methodology and assumptions 
-    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 
-    Other ad-hoc reports as required. 5) Risk Management System implementation -  Support DCA and Chief Actuary to provide effective implementation of the CL risk management system as required, including: 
-    Reviewing results, projections, stress and scenarios tests and associated reports 
-    Providing management with information to understand the risks within the business 
-    Support Capital management initiatives 
-    Support business projects 
6) Wider team success – Support the Head of AFS &amp; PIM in ensuring the success of the wider team by: 
-    Effective communication and stakeholder management with senior executives  
-    Building strong business relationships with stakeholders across the business 
-    Championing role and value-add of AFS team   
-    Mentor and coach part-qualified actuaries and other actuarial support colleagues to support their development 
-    Role modelling Canada Life values at all times, acting with integrity and representing the function with pride and passion. Technical Expertise 
•    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. 
•    Validating the work of non-qualified and other recently qualified actuaries  
•    Good knowledge of a variety of actuarial models and controls and their commercial application/implication. 
•    Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills Communication:  
•    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 modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.  
•    Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome. Planning and use of initiative: 
•    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. 
•    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. 
•    Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management Developing 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. 
  
•    Fellow of Institute of Actuaries (or equivalent). 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

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 determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division. 
•    Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models. 
•    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. 
•    This position would suit a newly qualified actuary or up to 3 years pqe •    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.  
•    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.  
•    Support initiatives required to: 
o    Optimise capital/liquidity requirements and/or 
o    Reduce earnings volatility, and/or 
o    Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework. 
•    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.  
•    Contribute to the production of sensitivity testing to support various requirements including: 
o    Risk reporting as required by the Risk Function; 
o    Assumption significance assessment; 
o    Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques. 
•    Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team. •    Strong technical skills including either financial reporting or Solvency II knowledge/experience 
•    Good 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 helpful Qualifications 
Fellow of the Institute and Faculty of Actuaries (or equivalent). 
  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

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