Senior Actuary (Reinsurance)

Location: Can be located within our London, Potters Bar or Bristol office (there is an expectation of minimum 2 days per week to be in an office)

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.

As an experienced qualified actuary at Canada Life, you will be responsible for leading actuarial, statistical and financial insight and analysis to senior management. You will oversee analysis and insight produced by other actuaries where appropriate and lead small to medium sized teams of qualified and part-qualified actuaries and analysts.

Using your significant specialist technical expertise and solid commercial understanding, you will advise the business and influence decisions, ensuring that we are managing risk in line with Canada Life’s risk appetite and complying with our statutory responsibilities.

This role is focused on reinsurance valuation and reporting for the Canada Life business. It reflects the increased focus on reinsurance for Canada Life and will involve developing and maintaining reporting requirements to our reinsurers.

Key Responsibilities:

• Accountable for providing accurate modelling, financial analysis, advice and support to various areas of the business, making considered and commercially astute recommendations.
• Lead risk analysis activity within your discipline, operating cross-functionally across the business on BAU and project activities.
• Communicate to senior executives the impact of various actuarial investigations, reports, recommendations and analyses.
• Consider developmental opportunities to improve operational efficiency and competitive advantage.
• Initiate and oversee the production of regular reports and annual/longer term plans undertaken by other actuaries.
• Oversee and implement actuarial control frameworks, ensuring insight and commentary for senior managers is written to a high standard.
• Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise performance.

Technical Expertise:

• Strong commercial awareness and understanding of the needs of the business.
• Experience in the life insurance industry and is a subject matter expert in several disciplines.
• Proven ability to lead on high-profile projects, delivering complex projects on-time.
• Experience in reinsurance reporting, both quota share and longevity swaps on annuity products.

Communication:

• Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication.
• Ability to adapt messages to the audience in a format that is easily understood by non-technical colleagues.
• Strong influencing skills, with experience of engaging with Boards and senior management.

Relationship Building:

• Ability to develop and maintain strong relationships across the actuarial function and the wider business.
• Strong interpersonal/networking skills, maintaining relationships with multiple stakeholders.

Taking Initiative:

• Exceptional problem-solving skills and attention to detail.
• Self-motivated, well-organised, and able to perform tasks independently.

Developing Self and Others:

• Experience in managing and motivating a diverse team.
• Strong coaching ability in technical and non-technical skills.

Qualifications:

• Fellow of Institute of Actuaries (or equivalent).

Benefits of working at Canada Life:

We offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance.

Diversity and Inclusion:

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential is a key commitment for us.

We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements for any of our roles should this be a requirement for you.