Senior Actuary (Capital Development)

Location: London.Team: Capital Development

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.

Key Responsibilities:

• Contribute to the delivery of the capital strategy of Canada Life Limited through implementation of a range of capital management actions, with a focus on funded reinsurance.
• Ensure operational readiness of processes arising from capital actions undertaken.
• Identify and implement tactical improvements to capital models.
• Develop new systems and processes to support ambitions to enhance capital modelling capabilities.
• 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.
• Support the strategic aims of the Finance department to modernise 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.
• Ensure that operational readiness is achieved through effective handover of improvements and new processes.

Qualifications:

• 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 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.
• 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.

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.

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.