Senior Actuarial Trainee (Reinsurance)

Job closing date: 12th January 2025.

Location: Can be located in the London, Potters Bar, 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.

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.

Canada Life UK are currently looking for a part qualified actuary to support the newly established Reinsurance Operations Team. As part of the reinsurance operations team, you will have the opportunity to support regular reinsurance reporting as well as integrating new reinsurance treaties into the reporting framework.

The role will also look to provide support to the optimisation and modernisation of the reinsurance reporting processes.

You will also have the opportunity to work closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.

Key Responsibilities:

• Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.
• Support the production of the reinsurance accounts.
• Support the delivery of regular reinsurance deliverables to reinsurers.
• Embed new reinsurance treaties into the reporting framework.
• Produce or assist in the production of regular departmental, business or regulatory reports taking into account commercial and statutory considerations.
• Support accurate and insightful commentary to immediate line management.
• Support and make recommendations on the continuous improvement of reinsurance reporting processes.
• Take part in and make a valuable contribution to different roles via the actuarial student rotation scheme.

Technical Expertise:

• Developing knowledge and understanding of different actuarial disciplines.
• Ability to interpret and analyse financial information.
• Knowledge of a variety of statistical methods, models and controls.
• Intermediate to advanced MS Excel skills.
• Ability to deliver work to a consistently high standard under tight time pressure.
• Knowledge of longevity swaps would be helpful, but not essential.

Communication:

• Strong analytical and report writing/drafting skills.
• Can explain complexities in a straightforward and accurate way.

Relationship Building:

• The ability to develop and maintain strong relationships across the actuarial function.
• Flexibility in style and approach to different individuals.
• Contribute in different roles via actuarial student rotation.

Problem Solving & Accurate Judgement:

• Able to effectively plan, organise and execute their own work with little supervision.
• Good problem-solving skills and attention to detail.
• Can make some decisions independently to progress issues.
• Proactive in approach to tasks and taking on new responsibilities.

Developing Self:

• Actively studying for actuarial exams, usually being over half-way through their qualification.
• An interested and inquisitive individual committed to ongoing professional and personal development.

Degree (or equivalent) in Finance, Mathematics, Statistics or related field; post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).

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.

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.

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 is a key commitment for us.