Senior Actuary

Job Description

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 PurposeThe dedicated Group division, based in Bristol, is approximately 260 people strong, handling every aspect of Employee Benefit Protection (Group Risk) business from quotations and customer service support, to underwriting and claims.We are looking for a qualified actuary to join our Group Insurance Actuarial team, currently six in number. The role is mainly responsible for leading the calculation of statutory reserves and capital on multiple bases. The role works closely with otherareas of the valuation and financial reporting departments, as well as the Pricing and Risk functions.This role will require both strong technical skills as well as the ability to communicate results to senior management.Key Accountabilities• Calculation of technical reserves • Capital assessment on UK and Canadian bases, including Solvency 2 and LICAT.• Risk assessment and measurement for key insurance risks.• Key contribution to Canadian and UK profit and loss forecasting and assessment for the entire UK Protection operation.• Wide-ranging technical and actuarial support to the Protection lines of business.• Contributing to long- and short-term business planning.• Provide input and assistance to stress and scenario testing.• Management of actuarial students and support staff.Desired Knowledge / Experience / Skills• Qualified actuary with relevant post-qualification experience.• Experience of insurance markets and financial modelling software.• Understanding of the need for a strong control framework.• Ability to plan work and lead actuarial projects.• Good verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholders.• Ability to work under pressure and to deliver to tight timescales.• Previous managerial experience is preferred.• Knowledge of Group Risk markets would be beneficial but is 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 generouspension 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 therelationships 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 inDEI, 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.