Senior Actuary (Financial Reporting)

Duration: 4 - 12 months fixed term contracts.

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.

These fixed term contracts are within our Financial Reporting and require experience within one of the following areas:

• Actuarial Modelling using Prophet, IFRS 17 and Solvency II
• Annuity Valuation under IFRS 17 and Solvency II
• ALM reporting including yield curve production for IFRS 17 and Solvency II

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, complying with our statutory responsibilities and meeting the needs of our policyholders and regulators.

There are multiple roles available (from 4-12 months FTC). These roles will provide backfill to key reporting areas while key SME within the business are engaged in Finance Modernisation activities.

Key Responsibilities:

• Accountable for providing accurate modelling, financial analysis, advice and support to a range of areas of the business, taking ownership for making considered and commercially astute recommendations.
• Communicate to senior executives the impact, financial and otherwise, of various actuarial investigations, reports, recommendations and analyses.
• 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 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.
• Understand complex statistical and financial models across a range of actuarial disciplines.
• Significant experience in the life insurance industry and is a subject matter expert in a number of 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.
• Strong 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 a variety of relationships with multiple stakeholders.

Taking Initiative:

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

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.
• An interested and inquisitive individual committed to ongoing professional and personal development.

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 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.