Bristol

London

Potters Bar

Intern

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Pensions

Reporting

Data

Reinsurance

Risk

Systems

Python

Modelling

Experience Analysis

Prophet

Bulk Annuities

Pricing

Valuation

Capital

Longevity

Excel

Contract

MATLAB

This position is being recruited as a 12 month Fixed term 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 looking for a part qualified actuary to support the Annuities Valuation team, currently seven in number. The role will be to provide support for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting &amp; Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.<ul><li>Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.</li><li>Calculation, analysis and explanation of technical reserves and capital on both a UK and Canadian basis.</li><li>Maintenance and development of valuation processes and models.</li><li>Embedding of new bulk annuity schemes within BAU reporting.</li><li>Supporting the calculation of the reinsurance accounts.</li><li>Produce, or assist in the production, of regular departmental, business or regulatory reports and analysis including providing support and inputs to Experience Analysis and Profit &amp; Loss Attribution.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</li><li>Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.</li></ul>Technical ExpertiseDeveloping knowledge and understanding of different actuarial disciplines including via student rotation.Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.CommunicationStrong analytical, verbal and report writing/drafting skills.Can explain complexities/technical content in a straightforward and accurate way with coaching or support from managers to a wide variety of stakeholders.Relationship BuildingA team player able to work under pressure and to deliver to tight timescales.The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.Taking part in and making a valuable contribution in different roles via actuarial student rotation.Problem Solving &amp; Accurate JudgementAble to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.Can make some 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.Proactive in approach to tasks and taking on new responsibilities.Developing SelfActively studying for actuarial exams, usually being over half-way through their qualification.An interested and inquisitive individual who is committed to their own ongoing professional and personal development.Developing the ability to apply technical actuarial techniques and understand business/commercial implications.Degree (or equivalent) in Finance, Mathematics, Statistics or related field.Part qualified Actuary.Post-graduate qualification in Finance, Mathematics, Statistics or related field (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.

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.

This is a permanent opportunity to join Canada Life UK, but the team will also consider applicants seeking fixed term contracts.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 part qualified actuary to support the Annuities Valuation team, currently seven in number. The role will be to provide support for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting &amp; Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.Responsibilities:<ul><li>Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.
 <ul><li>Calculation, analysis and explanation of technical reserves and capital on both a UK and Canadian basis.</li><li>Maintenance and development of valuation processes and models.</li><li>Embedding of new bulk annuity schemes within BAU reporting.</li><li>Supporting the calculation of the reinsurance accounts.</li></ul></li><li>Produce, or assist in the production, of regular departmental, business or regulatory reports and analysis including providing support and inputs to Experience Analysis and Profit &amp; Loss Attribution.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</li><li>Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.</li></ul>Technical Expertise:<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation.</li><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.</li></ul>Communication:<ul><li>Strong analytical, verbal and report writing/drafting skills.</li><li>Can explain complexities/technical content in a straightforward and accurate way with coaching or support from managers to a wide variety of stakeholders.</li></ul>Relationship Building:<ul><li>A team player able to work under pressure and to deliver to tight timescales.</li><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, 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>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self:<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li><li>Degree (or equivalent) in Finance, Mathematics, Statistics or related field.</li><li>Part qualified Actuary.</li><li>Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).</li></ul>Benefits of working at Canada LifeWe believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.How we work at Canada LifeOur culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.Diversity and inclusionBuilding an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.The first rotation for 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. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation— also in the Potters Bar office.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>Supporting the annual model calibration and validation tasks</li><li>Support the implementation of longevity risk model changes and developments</li><li>Responding to queries from valuation teams, to support production of capital modelling results</li></ul>Deepening 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>Supporting the ongoing review of Canada Life’s longevity assumptions for pricing and valuation purposes through research and analysis</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></ul>Annuity experience analysis and reporting<ul><li>Assisting with the production of longevity experience studies for the in-force portfolio</li><li>Assist with analysis of mortality experience and recommend pricing basis on annuity acquisition opportunities (including pension scheme bulk annuities)</li><li>Drafting responses to queries from senior management and other parties (e.g. audit, risk, corporate actuarial)</li><li>Responding to queries from valuation teams, to support production of financial results by providing input assumptions and addressing queries as required</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>Actively study for the qualification as a FIA (or equivalent)</li></ul>Requirements:<ul><li>Student actuary who has already worked within an actuarial department</li><li>Good knowledge of MS Excel and MS Access</li><li>Able to draw conclusions and make recommendations</li><li>Strong 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><li>Ideally a demonstrable interest to work in the field of longevity</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.<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.

This is part of the Canada Life Actuarial student scheme and the 1st rotation is within our Modelling team.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.As a senior actuarial trainee at Canada life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.Produce, or assist in the production, of regular departmental, business or regulatory reports taking in to account commercial and statutory considerations.Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policyTechnical Expertise<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation.</li><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, 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>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>Degree (or equivalent) in Finance, Mathematics, Statistics or related field Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential)What you’ll like about working hereAs a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.Diversity and inclusionCanada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual 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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.As an Actuarial Trainee at Canada Life you will be responsible for providing actuarial, statistical and financial analysis to senior management to contribute to the function’s ability to manage risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.The first rotation for this role would be within the Bulk Purchase Annuity team, based primarily in Potters Bar, north of London, to support the analysis of the Bulk Purchase Annuities business. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation.- Assist with the production of financial analysis for a specific area of the business with line management and team member support and supervision. The role holder will be developing sound understanding of statistical and financial models.- Contributing to reports within their function or discipline to enable management to make informed financial decisions and to manage risk.- Provide support to their immediate team by producing analysis and contributing to reports/reporting related to business products in a specific line of business or otherwise, to ensure that new business is written on profitable terms and managed effectively and that they comply with the company risk management framework.- Contribute to analysis for regular departmental and business reports taking in to account commercial and statutory considerations.- Provide commentary on analysis to immediate line management.- Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service and ensure that documentation is kept up to date.- Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with the company study policy.Technical Expertise:<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation</li><li>Can analyse financial information for immediate line management, beginning to provide insight and commentary.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Intermediate MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Developing sound analytical and report writing/drafting skills.</li><li>Developing the ability to explain complexities accurately with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain relationships within their team, acting with integrity and being a role model for the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to plan, organise and execute their own work with some supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues but able to exercise sound judgement to assess when matters need to be escalated.</li></ul>Developing Self:<ul><li>Actively studying for actuarial exams, usually being less than half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>Education:Degree (or equivalent) in Finance, Mathematics, Statistics or related field Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential)What you’ll like about working hereAs a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.Diversity and inclusionCanada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differencesWe appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.

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.About the roleThis 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 Bulk Purchase Annuities (BPA) team, based primarily in Potters Bar, north of London, to support the analysis of BPA. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation.<ul><li>Assisting in the quotations for bulk annuity buy-ins and buy-outs.</li><li>Responsibility for the benefit modelling of schemes and accurate &amp; complete data manipulation.</li><li>Development and maintenance of bulk annuity pricing models in accordance with the Technical Actuarial Standards (where relevant) and End User Computing.</li><li>Contributing to the continuing development of pricing development to help the production of pricing reports in accordance with Canada Life’s standards and policies.</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 reinsurance of the bulk annuity schemes and data verification processes.</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>Actively study for the qualification as a FIA (or equivalent).</li></ul>Requirements<ul><li>Student actuary who has already worked within an actuarial department.</li><li>Good knowledge of MS Excel and MS Access.</li><li>Able to draw conclusions and make recommendations.</li><li>Strong 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><li>Ideally a demonstrable interest to work in the field of Bulk Purchase Annuities.</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.

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.Job purpose:Canada Life UK are currently recruiting for an Actuarial Analyst to join the Financial Accounting and Reporting – Modelling team. This position will provide support, develop, and maintain actuarial models and systems for financial reporting with the objectives of developing new functionality, improving efficiency and accuracy, reducing model and operational risk.They will also support the delivery of business projects including delivering / adapting actuarial models and their controls to produce outputs the business requires.Key Accountabilities<ul><li>Assist with the production of model points for the SII and CIFRS month end valuation processes accurately and on time each month.</li><li>Assist with the running of the actuarial valuation system for both the month end valuation processes and other adhoc requests.</li><li>Assist with updating the spreadsheets required for the month end valuation processes accurately and on time each month.</li><li>Ensure process controls are appropriate and adhered to. Enhance controls where possible.</li><li>Produce and maintain documentation for regular tasks.</li><li>Support the testing and sign off regular Prophet model releases.</li><li>Ensure compliance with Company policies, regulatory, professional &amp; legal requirements.</li></ul>Desired Knowledge / Experience / Skills<ul><li>Graduate with at least three A levels (or equivalent) and a degree (2:1 or higher).</li><li>Numerically Strong with attention to detail.</li><li>Have an actuarial background e.g., currently taking exams or working as an actuarial analyst or have relevant educational background and insurance background.</li><li>Have a good understanding of actuarial reporting models and systems.</li><li>Knowledge of control environments and model releases.</li><li>Ability to act independently as well as build relationships when needing to work as part of a team.</li><li>Demonstrated personal drive, energy, persistence, and self-motivation with excellent communication skills both written &amp; verbal.</li><li>Ability to manage multiple workflows, particularly between work commitments (and study if relevant to the individual).</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.

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.

The Canada Life commercial team located in Potters Bar, (Herts) are currently recruiting for a part qualified actuary to join them on the company student scheme. This position will support the data analysis team within the Commercial area which supports Annuity Pricing, Protection Pricing, Underwriting and Longevity Research teams.The role will involve maintaining and improving the MI and processes across the commercial area. This in turn will deliver enhanced insights into the business to support decision making.As a senior actuarial trainee at Canada Life, you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.Role and responsibilities<ul><li>Assist in gathering and prioritising requirements for the different areas within the commercial team.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</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>Actively study for the qualification as a FIA (or equivalent).</li></ul>Technical Expertise<ul><li>Ideally a demonstrable interest to work in a commercial environment.</li><li>Knowledge and experience of R, VBA, Python or similar coding experience would be an advantage.</li></ul>Developing knowledge and understanding of different actuarial disciplines including via student rotation.<ul><li>Developing the ability to interpret as well as analyse information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, 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>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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 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

Closing date for applications: 10th MayDuration of internship: Will be approximately for 8 weeks during the summer periodLocation: Potters BarInternship is aimed at students from mathematical degrees who will be entering the final year in SeptemberCanada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.At Canada Life, we share one common purpose – to help build better futures for our customers and each other. That’s why we invest in the development of our people, technology and workplaces.We have over 1,550 colleagues working together across 5 locations – including those working virtually. Potters Bar, our largest site, has over 600 colleagues. We also have teams based in Bristol, Isle of Man and Central London.This is a developmental intern role (8 weeks’ duration) suitable for a mathematics / actuary University student. The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team.No previous work experience is required however the individual will need to have the mathematical knowledge and initiative in order to perform the tasks themselves with coaching.<ul><li>Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.</li><li>Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service.</li><li>Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and / or Business Intelligence tools.</li><li>Assist the team in business and usual tasks such managing queries received into the team and ensuring responses are made in an agreed timeframe.</li></ul>Requirements:<ul><li>High numeracy, preferred</li><li>Entering final year of Undergraduate degree in Mathematics, Statistics or a related field</li><li>Good problem solving skills</li><li>Good MS office skills e.g. Excel, Word and PowerPoint</li><li>Currently studying in an Undergraduate degree in Mathematics, Statistics or a related field</li></ul>Benefits of working at Canada Life:We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.How we work at Canada Life:Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.Diversity and inclusion:Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK

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.

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.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 roleThe Canada Life Consolidation Valuation team, located in Potters Bar, (Herts), are currently recruiting for a part qualified actuary to join them on the company student scheme. This position will support the valuation and financial reporting of the Company and is an excellent opportunity to develop a thorough understanding of the earnings &amp; capital drivers and work alongside actuarial, accounting &amp; investment teams from across the company.The role will involve exposure to reporting, valuation and analysis on an IFRS17, Solvency II, LICAT and UK GAAP basis.As a senior actuarial trainee at Canada Life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have the opportunity to advise the business/management to ensure that we are managing our risk exposure to satisfy our statutory responsibilities and the needs of policyholders.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.

The Canada Life Bulk Annuity team located in Potters Bar, (Herts) are currently recruiting for a part qualified actuary to join them on the company student scheme. This position will support the pricing and analysis of Bulk Annuities and would ideally suit a part qualified actuary with DB pensions modelling experience.The role will also involve maintaining and improving the pricing basis and pricing processes and there may also be opportunities to work on the wider development of the Bulk Annuity proposition.As a senior actuarial trainee at Canada life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.Key Accountabilities<ul><li>Assisting in the quotations for bulk annuity buy-ins and buy-outs</li><li>Responsibility for the benefit modelling of schemes and accurate &amp; complete data manipulation.</li><li>Development and maintenance of bulk annuity pricing models in accordance with the Technical Actuarial Standards (where relevant) and End User Computing</li><li>Contributing to the continuing development of pricing development to help the production of pricing reports in accordance with Canada Life’s standards and policies</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 reinsurance of the bulk annuity schemes and data verification processes.</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>Actively study for the qualification as a FIA (or equivalent)</li></ul>Desired Knowledge / Experience / Skills<ul><li>Ideally a demonstrable interest to work in the field of Bulk Annuities</li><li>DB benefit modelling experience/bulk annuity experience would be an advantage (we are open to hearing from people currently working in DB pension consulting roles)</li><li>VBA knowledge would be an advantage</li></ul>Developing knowledge and understanding of different actuarial disciplines including via student rotation.<ul><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, 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>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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 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 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 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 roleThe Capital and Hedging team are currently recruiting for a Senior Analyst to join them. This position will support the development and management of derivative hedging strategies. This is a specialised, technical role which provides the opportunity to play a key role in the development &amp; implementation of hedging strategies within an innovative team at Canada Life.The role of the Capital &amp; Hedging team is to optimise the asset-liability position of Canada Life to achieve the best balance between financial risk and returns whilst protecting the balance sheet from market risks. The financial decisions associated with the ALM position can have a significant impact on our balance sheet and our customers. Please note this position is not part of the Canada Life student scheme and would suit an individual with Hedging experience or knowledge in financial markets.Assist team in:<ul><li>Managing a multi-billion portfolio of derivatives to hedge FX, interest rates and inflation risks for Canada Life and its clients.</li><li>Developing hedging strategies and implementing programmes to manage risks (structuring derivative transactions and conducting efficiency analysis).</li><li>The capital generation analysis to support investment and asset allocation decisions including identification of any capital management optimisation opportunities.</li><li>Developing and automating derivative risk MI.</li><li>Optimising collateral management to improve the liquidity position of Canada Life.</li><li>Supporting Canada Life’s clients and the BPA Team in their asset allocation and hedging needs (risk analysis, hedging strategies and derivative asset management).</li><li>Assisting the team in managing projects to improve the derivative capabilities.</li></ul>Technical Expertise<ul><li>Good knowledge of financial markets and derivative instruments.</li><li>Strong analytical skills and ability to automatise processes with Excel VBA.</li><li>Good understanding of the UK regulatory environment and managing regulatory capital under Solvency II.</li><li>Strong problem-solving skills and attention to detail, being able to identify issues and recommending a course of action with support and guidance from colleagues.</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from senior managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the firm, acting with integrity.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem-solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, 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></ul>Developing Self<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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 Life Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.Diversity and inclusion Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.
“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK.
We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part-time, for any of our roles should this be a requirement for.

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.

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