Senior Actuary (Actuarial Reporting, FTC)

Duration: 6-9 month fixed term contract.

Location: Can be located within our London, Potters Bar or Bristol office (Hybrid working, with a minimum expectation of 2 days per week 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 manage risk in line with Canada Life’s risk appetite, comply with our statutory responsibilities, and meet the needs of our policyholders and regulators.

This role is an FTC for six to nine months to support the Actuarial Reporting teams over year-end reporting, particularly capturing the impact of several internal projects and change initiatives.

• Accountable for providing accurate modelling, financial analysis, advice and support to various areas of the business, taking ownership for making considered and commercially astute recommendations.
• Utilising your subject matter expertise in your actuarial discipline to analyse risk factors and demonstrate understanding and management of risk exposure to the organisation.
• Leading risk analysis activity within your discipline, responsible for effectively operating cross-functionally across the business on BAU and project activities.
• Communicate to senior executives the impact, financial and otherwise, of various actuarial investigations, reports, recommendations and analyses.
• Initiating and overseeing 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 and boards is written to a high standard.
• Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise performance in line with the Division's objectives.

Technical Expertise:

• Strong commercial awareness and understanding of the needs of the business.
• Ability to apply technical actuarial techniques and understand business/commercial implications.
• Significant experience in the life insurance industry and is a subject matter expert in several disciplines.
• Proven ability to lead on high-profile projects, utilising project management techniques to deliver complex projects on-time.
• Experience in IFRS17 and Solvency II financial reporting, particularly in the context of 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:

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

Developing Self and Others:

• Strong skills and experience in managing and motivating a team from diverse professional backgrounds.
• Strong coaching ability in technical and non-technical skills to support the development of others.

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.

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. We invest in the development of our people, technology and workplaces, offering 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 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 for any of our roles should this be a requirement for you.