Bristol

London

Potters Bar

Intern

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Pensions

Reporting

Risk

Systems

Python

Modelling

Experience Analysis

Prophet

Coding

Bulk Annuities

Pricing

Valuation

Capital

Longevity

Excel

Contract

MATLAB

Location: Position can be located in either Bristol, London or Potters Bar.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.Job Summary:As a Senior Actuarial Analyst in the BPA team at Canada Life, you will contribute to the success of the business through an accountable role in one of the BPA sub-teams: pricing & quotations, business development, support of strategy & risk assessment, proposition & projects data verification or operations. This role will initially be in the Pricing & Quotations team where you will work with other team members to provide quotations to employee benefit consultants working on behalf of pension scheme trustees.The role requires an understanding of defined benefit pensions to accurately manipulate & check data, create liability cashflows, apply profit tests and calculate required capital.Responsibilities:<ul><li>Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets and reporting tools.</li><li>Review of pension scheme reports/data to agree data schedules and benefit specifications between Canada Life and scheme trustees, ensuring data and benefit specifications are complete and accurate in all respects including legislative requirements.</li><li>Working independently and autonomously to ensure the modelling of data updates is effectively communicated and understood by our customers and colleagues.</li><li>Maintaining and developing the scheme quotation and/or premium true-up process including restructuring benefits and performing supporting checks to aid in checking completeness and accuracy.</li><li>Ensuring appropriate assumptions (guaranteed or prevailing) and methodology are used.</li><li>Regular use, maintenance & testing of actuarial models and processes for sign off by senior management, ensuring strong governance of models, maintaining up to date processes and control documentation for audit purposes.</li><li>Contributing to the review of products, processes and/or reporting of BPA function and/or market, proactively identifying and implementing improvements where appropriate and agreed by line management.</li><li>Pricing or assisting in the pricing of products to ensure that new business and/or data changes are written on profitable terms and in compliance with corporate pricing standards and policy conditions.</li><li>Developing processes and capabilities to calculate benefit modifications.</li><li>Ensuring key project artefacts including the Project Initiation Document, KIRA, project plans, business readiness etc. are in place.</li><li>Delivering improvements that increase the efficiency of the regular processes.</li><li>Producing quality reports and engaging multiple teams across the business to ensure strong understanding of results, analysis and to allow the appropriate processing of downstream activities.</li><li>Clear and accurate written and verbal communication of data, actuarial and modelling reports to senior management and other stakeholders including the schemes trustees, administrators or consultants.</li></ul>Experience Required:<ul><li>Able to operate actuarial systems to produce results including the ability to change parameters and assumptions.</li><li>Ability to understand actuarial & financial concepts and their application to their work.</li><li>Ability to produce accurate analysis with an appropriate audit trail.</li><li>Confidence and clarity in explaining findings and their implications when making proposals to or creating reports for senior management and audiences across teams.</li><li>Ability to implement and maintain a control framework.</li><li>Intermediate to advanced MS Excel skills demonstrating efficient use of spreadsheets and advanced data manipulation skills.</li><li>Ability to deliver work to a high standard under tight time pressure with attention to detail.</li><li>Role-specific knowledge such as experience with actuarial model software, modelling best practices, bulk annuity product knowledge, Solvency II/LICAT knowledge, defined benefit pensions knowledge and modelling cashflows & capital projections.</li><li>Strong problem-solving skills and attention to detail, being able to identify issues and interdependencies.</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way.</li><li>Ability to understand and explain the wider implications of processes and outputs to the wider team and more senior stakeholders.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the business, acting with integrity and role modelling the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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.

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.To own the end-to-end pricing systems and processes for Individual Annuities and Equity Release Mortgages (ERMs). Ensure appropriate controls and monitoring of pricing are in place and drive continuous improvement in the efficiency and effectiveness of the pricing systems.Work with the Annuity and ERM Pricing Managers to allow the Retirement Pricing team to optimise pricing in our chosen markets.Provide additional support to input and review the work of the wider pricing team.Implement product developments into pricing systems and processes to support the wider product development agenda.<ul><li>Maintain the pricing systems and processes used by the Retirement Pricing team to ensure the teams can re-price products in line with their delegated authorities.</li><li>Drive continuous improvements in the pricing systems and processes in terms of speed, efficiency, accuracy, and granularity of the pricing systems.</li><li>Provide support to input into and review the work of the wider pricing team, across both individual annuities and equity release.</li><li>Ensure pricing systems and processes are updated by the relevant teams in line with product development changes.</li><li>Help to develop the skills and capabilities of the wider pricing team.</li></ul>• Excellent knowledge of software packages used within Insurance pricing e.g. standard Microsoft packages and coding languages such as R and Python.• Sound understanding of actuarial principles in terms of pricing and valuation.• Ability to apply actuarial/pricing techniques to business problems.• Knowledge of UK Individual Annuity and Equity Release Mortgage markets.• Analysing and reasoning skills, to reach sound and defensible conclusions/recommendations based on data.• Understanding and ability to implement/maintain a robust control framework.• Experience in coaching and mentoring staff.Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.

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:<ul><li>Accountable for providing accurate modelling, financial analysis, advice and support to various areas of the business, making considered and commercially astute recommendations.</li><li>Lead risk analysis activity within your discipline, operating cross-functionally across the business on BAU and project activities.</li><li>Communicate to senior executives the impact of various actuarial investigations, reports, recommendations and analyses.</li><li>Consider developmental opportunities to improve operational efficiency and competitive advantage.</li><li>Initiate and oversee the production of regular reports and annual/longer term plans undertaken by other actuaries.</li><li>Oversee and implement actuarial control frameworks, ensuring insight and commentary for senior managers is written to a high standard.</li><li>Manage, coach, develop and motivate a team of qualified and part-qualified actuaries to optimise performance.</li></ul>Technical Expertise:<ul><li>Strong commercial awareness and understanding of the needs of the business.</li><li>Experience in the life insurance industry and is a subject matter expert in several disciplines.</li><li>Proven ability to lead on high-profile projects, delivering complex projects on-time.</li><li>Experience in reinsurance reporting, both quota share and longevity swaps on annuity products.</li></ul>Communication:<ul><li>Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication.</li><li>Ability to adapt messages to the audience in a format that is easily understood by non-technical colleagues.</li><li>Strong influencing skills, with experience of engaging with Boards and senior management.</li></ul>Relationship Building:<ul><li>Ability to develop and maintain strong relationships across the actuarial function and the wider business.</li><li>Strong interpersonal/networking skills, maintaining relationships with multiple stakeholders.</li></ul>Taking Initiative:<ul><li>Exceptional problem-solving skills and attention to detail.</li><li>Self-motivated, well-organised, and able to perform tasks independently.</li></ul>Developing Self and Others:<ul><li>Experience in managing and motivating a diverse team.</li><li>Strong coaching ability in technical and non-technical skills.</li></ul>Qualifications:<ul><li>Fellow of Institute of Actuaries (or equivalent).</li></ul>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.

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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.The first rotation for this role will be within the Capital and Liquidity team. Rotations usually last 18 to 24 months, and subsequent roles would likely be based in an actuarial team — e.g. pricing or valuation.<ul><li>Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime) and economic capital requirements.</li><li>Contribute to an effective Enterprise Risk Management (ERM) Framework by producing Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.</li><li>Contribute to the development and monitoring of capital and liquidity plans.</li><li>Contribute to the production of sensitivity testing to support various requirements including liaising with the actuarial modelling team on capital modelling and SST requirements, and development needs.</li></ul><ul><li>Student actuary who has already worked within an actuarial department.</li><li>Strong technical skills including either financial reporting, Solvency II or LICAT (Canadian) knowledge/experience.</li><li>Understanding of the UK regulatory environment.</li><li>Delivery focused and able to take a pragmatic solution if required.</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li><li>Proven ability to act independently as well as working as part of a wider team.</li><li>Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).</li><li>Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and useful.</li><li>Qualifications: Completion or near-completion of all Core Technical actuarial examinations (or equivalent).</li><li>Good working knowledge of MS Excel.</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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.Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.

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.There is an opportunity for a qualified actuary to join the bulk annuity pricing team. Successful applicants will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.<ul><li>Responsible for quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs</li><li>Liaising with investment front office to identify suitable assets to support bulk annuity transactions</li><li>Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations</li><li>Reviewing legal agreements and contributing to contract negotiations with external stakeholders</li><li>Supporting business development and relationship management</li><li>Contributing to the development of Canada Life’s pricing bases and pricing models that adhere to Canada Life’s risk tolerances and are scalable for future growth</li><li>Managing stakeholders and ensuring compliance with risk governance</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business</li></ul><ul><li>Strong knowledge of UK Defined Benefit pensions</li><li>Familiarity with bulk annuity market and products</li><li>Understanding of capital modelling and profit testing</li><li>Experience of managing stakeholders</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries)</li><li>Understanding and ability to implement/maintain an actuarial control framework</li><li>Qualified actuary</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.We are looking for a qualified actuary to support the Annuities Valuation team, currently eight in number. The role will be to provide support to the Team Leader in managing the team responsible for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.<ul><li>Calculation, analysis and explanation of Solvency II / IFRS17 technical reserves and capital on both a UK and Canadian basis.</li><li>Embedding of new bulk annuity schemes (pensioners and deferred) within BAU reporting</li><li>Supporting the calculation of reinsurance accounts</li><li>Maintenance and development of valuation processes and models</li><li>Contribute to Canadian and UK profit and loss assessment for the UK Annuities business</li><li>Produce/Support experience analyses and set assumptions and impacts within a valuation basis</li><li>Technical and actuarial support to the Annuities Business Unit</li><li>Management of a team of actuarial students and support staff</li></ul>Qualified actuary with some relevant pre/post-qualification experienceStrong technical and analytical skillsUnderstand the need for a robust control frameworkA team player able to work under pressure and to deliver to tight timescalesGood verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholdersShould be highly motivated and committed to continual process improvementAbility to plan work and lead actuarial projectsExperience of financial modelling softwareKnowledge of annuities markets and reinsurance. Knowledge and experience of immediate and deferred bulk annuities highly desirable but not essential.Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.There is an opportunity for a qualified actuary to join the Retirement team which looks after Individual annuities and ERM lines of business. Successful applicants will be responsible for driving forward commercial initiatives within the team by working closely with Proposition, Pricing and Distribution teams.<ul><li>Support technical pricing by analysing the Retirement market.</li><li>Analyse large amount of data and feeding into and helping to develop pricing strategies.</li><li>Liaising with investment front office to discuss business projections and ensure suitable strategic asset allocation.</li><li>Support Head of Business performance on reinsurance development for individual annuities.</li><li>Managing stakeholders in progressing commercial initiatives.</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry.</li><li>Support development team in upgrading annuity pricing models.</li></ul>Technical Expertise:<ul><li>Strong knowledge of UK regulatory regime.</li><li>Familiarity with individual annuity market and products.</li><li>Understanding of capital modelling and profit testing.</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries).</li><li>Understanding and ability to implement/maintain an actuarial control framework.</li><li>Qualified actuary.</li><li>Familiar with R and Python coding languages.</li></ul>Communication:<ul><li>Excellent analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.</li><li>Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modelling the company values at all times, in order to support the organisation in achieving its goals and mitigating the organisations’ exposure to risk.</li><li>Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.</li></ul>Leadership:<ul><li>Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.</li><li>Able to effectively plan, organise and execute their own work (and the work of others) with minimal supervision, using their sound judgement to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.</li><li>Identify opportunities for improving processes and propositions and competently analyse and communicate these to line management.</li></ul>Developing Self:<ul><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.</li><li>Qualifications: Fellow of Institute of Actuaries (or equivalent).</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs. The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimize overall team performance. This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.<ul><li>Support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.</li><li>Contribute to the production and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions on a quarterly basis.</li><li>Provide effective management of a small team of actuarial trainees and analysts. Manage, develop and motivate the team in order to optimize the performance of the team.</li><li>Provide direction and guidance to the more junior staff to ensure all tasks are understood and appropriate processes and guidelines are followed.</li><li>Provide training and develop the skills and knowledge of the team (including providing opportunities for obtaining CPD) so that they have the expertise to achieve the business requirements.</li><li>Plan the work of the team to deliver timely results in a highly controlled, compliant regulatory environment taking account of both regular scheduled activities and adhoc business and key stakeholder requirements.</li><li>Responsible for the modeling and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions to meet additional annual reporting requirements.</li><li>Proactively seek opportunities for process development and improvement, and implementation of model changes.</li><li>Manage a strong control environment across the modeling process which is supported by appropriate key risk indicators; recommend and implement improvements to quality and speed across the end to end modeling process.</li><li>Maintain up to date process and control documentation and operate other controls required to mitigate risks within appetite in the process.</li><li>Ensure end user applications used in the relevant actuarial modeling processes are controlled according to Canada Life’s policy on end user computing.</li></ul>Technical Expertise• Good knowledge of prophet and other actuarial models and their commercial application/implication.• Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills• Validating the work of non-qualified and other recently qualified actuariesCommunication:• Excellent analytical and report writing/drafting skills• Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.• Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.Relationship Building:• The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modeling the company values at all times, in order to support the organization in achieving its goals and mitigating the organization’s exposure to risk.• Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.Leadership:• Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgment and commercial sense to understand the importance of different issues and assess when matters need to be escalated.• Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.• Able to effectively plan, organize and execute their own work (and the work of others) with minimal supervision, using their sound judgment to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.• Identify opportunities for improving processes and propositions and competently analyze and communicate these to line managementDeveloping Self:• An interested and inquisitive individual who is committed to their own ongoing professional and personal development.• Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.Qualifications• Fellow of Institute of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 LifeOur 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 behaviors shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.An opportunity has become available for a Qualified Actuary to join our BPA team. This would suit a newly qualified Actuary who ideally has BPA experience.<ul><li>Responsible for reviewing and approving deferred member option calculations.</li><li>Maintaining and developing internal models to support deferred member option calculations.</li><li>Checking and responding to internal and external technical queries with existing schemes and their advisors.</li><li>Supporting business development and proposition teams to continually improve offering in relation to deferred member options.</li><li>Providing direction and guidance to a team to ensure all actuarial principles are understood.</li><li>Collaborative working across Canada Life and third-party administrator to drive forward new processes and ensure efficient systems and process are in place.</li><li>Ensure decisions taken with Customer focus and building relationships across the industry.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers).</li></ul><ul><li>Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.</li><li>Comprehensive understanding of the UK regulatory environment.</li><li>Able to build relationships and gain trust and respect at all levels with strong leadership skills.</li><li>Demonstrates personal drive, energy, persistence and self-motivation and awareness of the part played in the wider business.</li><li>Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li></ul>QualificationsQualified Actuary - FIABenefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.As a senior actuarial trainee at Canada Life, you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have the opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.Canada Life rotates our students approximately every 18-24 months. The 1st team for this position is responsible for the pricing of equity release mortgage products and ensuring that appropriate actuarial controls and monitoring of pricing are in place. They also ensure maintenance of and compliance with corporate policies and standards.<ul><li>Work collaboratively with colleagues to design and price products to deliver volumes and margins.</li><li>Development and maintenance of the MI process and produce the weekly MI and NB pipeline in a timely fashion.</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing a sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</li><li>Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.</li></ul>Technical Expertise<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation.</li><li>Developing the ability to interpret as well as analyze financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving & Accurate Judgement:<ul><li>Able to effectively plan, organize and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem-solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, and able to exercise sound judgment and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over halfway through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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 LifeWe believe in recognizing 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 LifeOur 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 behaviors shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.There is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) Proposition and Projects team. The role is to ensure that the proposition strategy and arrangements are appropriately implemented within BPA business unit. It will involve building relationships with external parties and working with colleagues across the Company.<ul><li>Execution of the proposition strategy so that the company can competitively price its BPA business.</li><li>Responsible for implementation of proposition changes in BPA and communication of these assumptions to key stakeholders (e.g., Propositions &amp; Projects Director BPA, Business Development Director, Head of BPA Proposition, BPA Managing Director, CFO) and committees in an appropriate manner.</li><li>Maintain and develop relationships with a wide range of external stakeholders as appropriate e.g. external legal consultants, 3rd party providers etc.</li><li>Being a subject matter expect for BPA proposition and working with a range of internal departments to make sure arrangements are fully understood and implemented across the business (e.g. residual risks).</li><li>Contribute fully to the BPA Proposition &amp; Projects team including regular updates at team meetings and training to colleagues as required.</li><li>Ensuring governance and processes are in place in line with CLL Policies and Standards.</li></ul>Strong knowledge of UK Defined Benefit pensionsFamiliarity with BPA market, products and reinsurance structuresUnderstanding of pricing, capital modelling and profit testingAbility to build relationships with people at all levels (internal and external)Strong negotiation and communication skills (can communicate technical issues to senior people including non-actuaries)Understanding and ability to implement/maintain an actuarial control frameworkQualifications:Qualified Actuary (with relevant post-qualification experience)Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.This is a developmental intern role (8 weeks’ duration) suitable for a mathematics / actuary University student.The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team.No previous work experience is required however the individual will need to have the mathematical knowledge and initiative in order to perform the tasks themselves with coaching.<ul><li>Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.</li><li>Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service.</li><li>Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and / or Business Intelligence tools.</li><li>Assist the team in business and usual tasks such managing queries received into the team and ensuring responses are made in an agreed timeframe.</li></ul>• High numeracy, preferred• Entering final year of Undergraduate degree in Mathematics, Statistics or a related field• Good problem solving skills• Good MS office skills e.g. Excel, Word and PowerPoint• Currently studying in an Undergraduate degree in Mathematics, Statistics or a related fieldBenefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.To support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.The role holder will provide effective management of a number of actuarial trainees and analysts within the actuarial modelling team, with a focus on the development and motivation of the team in order to optimize overall team performance.This actuarial modelling production service includes the valuation of policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions.<ul><li>Support the delivery of a comprehensive, accurate and timely actuarial modelling production service across CLUK in respect of both the Insurance and Wealth Management business units across a portfolio including Individual and bulk purchase annuities, Protection, Equity Release Mortgage, Bond, SIPP, ISA and GIA products to meet all statutory and regulatory needs.</li><li>Contribute to the production and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions on a quarterly basis.</li><li>Provide effective management of a small team of actuarial trainees and analysts. Manage, develop and motivate the team in order to optimize the performance of the team.</li><li>Provide direction and guidance to the more junior staff to ensure all tasks are understood and appropriate processes and guidelines are followed.</li><li>Provide training and develop the skills and knowledge of the team (including providing opportunities for obtaining CPD) so that they have the expertise to achieve the business requirements.</li><li>Plan the work of the team to deliver timely results in a highly controlled, compliant regulatory environment taking account of both regular scheduled activities and adhoc business and key stakeholder requirements.</li><li>Responsible for the modeling and validation of actuarial data across CLUK in respect of the valuation of actuarial policy liabilities, cash flow matching for ALM purposes, modelled asset valuations and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes under both “base” and “stress” conditions to meet additional annual reporting requirements.</li><li>Proactively seek opportunities for process development and improvement, and implementation of model changes.</li><li>Manage a strong control environment across the modeling process which is supported by appropriate key risk indicators; recommend and implement improvements to quality and speed across the end to end modeling process.</li><li>Maintain up to date process and control documentation and operate other controls required to mitigate risks within appetite in the process.</li><li>Ensure end user applications used in the relevant actuarial modeling processes are controlled according to Canada Life’s policy on end user computing.</li></ul>Technical Expertise• Good knowledge of prophet and other actuarial models and their commercial application/implication.• Advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills• Validating the work of non-qualified and other recently qualified actuariesCommunication:• Excellent analytical and report writing/drafting skills• Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.• Proven communication, influencing and negotiation skills whereby they can adapt their message to the audience, demonstrating their ability to share knowledge with the business in a format that is easily understood, balancing the need for required detail where this is necessary and higher level information.Relationship Building:• The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and role modeling the company values at all times, in order to support the organization in achieving its goals and mitigating the organization’s exposure to risk.• Being able to flex their style and approach to different individuals, with occasional support, in order to achieve a successful outcome.Leadership:• Willing and capable of taking decisions independently in order to progress issues, and able to exercise sound judgment and commercial sense to understand the importance of different issues and assess when matters need to be escalated.• Track record of leading small teams, with the ability to manage, develop and motivate a team of technical actuarial staff.• Able to effectively plan, organize and execute their own work (and the work of others) with minimal supervision, using their sound judgment to spot conflicting priorities and readjust their workload accordingly, with escalation to management only when appropriate.• Identify opportunities for improving processes and propositions and competently analyze and communicate these to line managementDeveloping Self:• An interested and inquisitive individual who is committed to their own ongoing professional and personal development.• Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications.Qualifications• Fellow of Institute of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 LifeOur 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 behaviors shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.The first rotation for this role will be within the bulk annuity team, based primarily in Potters Bar, north of London, to support the bulk annuity project and propositions team. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation.<ul><li>Responsibility for implementing changes initiatives to improve bulk annuity processes across pricing, operations, data verification and onboarding</li><li>Provide appropriate support to managers and others to develop the bulk annuity proposition</li><li>Aid the wider bulk annuity team and other departments to support business growth</li></ul>General responsibilities<ul><li>Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities</li><li>Ensure compliance with Company policies, regulatory, professional &amp; legal requirements</li><li>Actively study for the qualification as a FIA (or equivalent)</li></ul>Student actuary who has already worked within an actuarial departmentGood knowledge of MS Excel and ProphetGood organisational and project management skillsStrong communication skillsAble to build relationships with people at all levelsUnderstanding and ability to implement/maintain an actuarial control framework and meet governance requirementsIdeally a demonstrable interest to work in the field of Bulk Annuity with Defined Benefit scheme knowledgeBenefits of working at Canada LifeWe 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 LifeOur 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.Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

Please note this position is not part of our Actuarial Trainee Scheme and does not provide study support.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 organization. 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.Job purpose:As part of growing our BPA business, we are looking for a number of analysts roles to support our Operations, Pricing, and Proposition & Projects teams.Key Accountabilities:<ul><li>Review of pension scheme reports/data to put together data schedules and benefit specifications between Canada Life and Scheme Trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.</li><li>Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations, and other member options using actuarial processes, modeling systems, spreadsheets, and reporting tools.</li><li>Create quality reports to ensure a strong understanding of results, analysis, and to allow the appropriate processing of downstream activities, for example, administration updates, reinsurance accounting, premium changes, project plans, and resource tracking.</li><li>Support the review of products, processes, and/or reporting of BPA function and/or market. E.g. supporting business readiness activity. Proactively identifying and suggesting improvements to line management.</li><li>Clear and accurate written and verbal communication of data, actuarial, and modeling reports to line management and the wider business. E.g. Project initiation documents, KIRA, etc.</li><li>Working in a team with great diligence to ensure the modeling of data is accurate and complete.</li><li>Collaborative working across Canada Life to ensure efficient systems and processes are in place.</li><li>Ensure decisions taken with a Customer focus and supporting customer proposition from a pricing perspective.</li><li>Adopt and consistently act in line with our Blueprint (behaviors and strategic drivers).</li></ul>Desired Knowledge / Experience / Skills:<ul><li>Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.</li><li>Comprehensive understanding of the UK regulatory environment.</li><li>Able to build relationships and gain trust and respect at all levels.</li><li>Demonstrates personal drive, energy, persistence, self-motivation, and awareness of the part played in the wider business.</li><li>Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li></ul>Benefits of working at Canada Life:We believe in recognizing 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 behaviors shape and influence how we work and are central to the relationships we have with others.Every day we are encouraged to be more curious, own the outcome, face into things together, and find a way forward. 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. “At Canada Life, we believe in the power of great people from different backgrounds, experiences, and perspectives coming together to build better futures.Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK. 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.

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.There is an opportunity for a qualified actuary to join the bulk annuity pricing team. Successful applicants will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.<ul><li>Responsible for quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs</li><li>Liaising with investment front office to identify suitable assets to support bulk annuity transactions</li><li>Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations</li><li>Reviewing legal agreements and contributing to contract negotiations with external stakeholders</li><li>Supporting business development and relationship management</li><li>Contributing to the development of Canada Life’s pricing bases and pricing models that adhere to Canada Life’s risk tolerances and are scalable for future growth</li><li>Managing stakeholders and ensuring compliance with risk governance</li><li>Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business</li></ul><ul><li>Strong knowledge of UK Defined Benefit pensions</li><li>Familiarity with bulk annuity market and products</li><li>Understanding of capital modelling and profit testing</li><li>Experience of managing stakeholders</li><li>Strong communication skills (able to communicate technical issues to senior people including non-actuaries)</li><li>Understanding and ability to implement/maintain an actuarial control framework</li><li>Qualified actuary</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.Contribute to the delivery of the capital strategy of Canada Life Limited through:<ul><li>Implementation of capital management actions, initially with a focus on reinsurance.</li><li>Ensuring operational readiness of processes arising from capital actions undertaken.</li><li>Identification and implementation of tactical improvements to capital models.</li><li>Development of new systems and processes to support ambitions to enhance capital modelling capabilities.</li></ul>Reports to the Head of Capital DevelopmentContribute to the implementation of strategic initiatives for Canada Life Limited to optimize capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.<ul><li>Own specific capital management initiatives or tasks, with a strong focus on delivery in agreed timelines.</li><li>Support the effective management of projects, through strong communication and proactive risk management.</li><li>Communicate regularly with senior stakeholders to ensure necessary items are reviewed, decisions are made and to provide regular updates on progress and issues.</li><li>Work with and influence a broad range of stakeholders from across several departments within Canada Life as well as external parties.</li><li>Ensure that operational readiness is achieved through effective development and handover of ongoing processes arising from strategic initiatives.</li><li>Own the identification and implementation of process improvements to enhance capital modelling capabilities for the UK division of Canada Life.</li><li>Own improvements to the ability to forecast, project and stress test Canada Life’s capital positions, covering both Solvency II & LICAT capital regimes.</li><li>Support the strategic aims of the Finance department to modernize 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.</li><li>Identify and implement tactical improvements to existing capital modelling processes to provide quick wins that provide improved analysis or process efficiency, while longer-term modernization activities progress.</li><li>Ensure that operational readiness is achieved through effective handover of improvements and new processes.</li></ul>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 communicate with a wide variety of stakeholders across Canada Life, and articulate technical and complex issues clearly both verbally and in writing to senior and junior audiences).Delivery focused, with strong organizational skills and the ability to take a pragmatic solution if required.Strong technical skills including either financial reporting or Solvency II knowledge/experienceGood 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.Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).Benefits of working at Canada LifeWe believe in recognizing 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 LifeOur 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 behaviors shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.This position will be responsible for: Performance and communication of the Independent Validation of Canada Life’s Internal Model. A key role that contributes to the CRO’s Opinion of the ongoing appropriateness of the Internal Model.<ul><li>Deliver Independent Validation of the Internal Model for CLL and also in support of oversight at CLG. Regular activities include:
 <ul><li>Perform Independent Validation reviews of Internal Model components, ensuring reviews are preceded by an agreed Terms of Reference.</li><li>Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports. Obtain explicit management responses and agreement of remedial actions. Monitor progress on addressing findings raised, escalating where necessary, and challenge the evidence of remediation before closing findings.</li><li>Support the maintenance of a rolling schedule of review activity to provide appropriate coverage of Solvency II requirements.</li><li>Maintain effective records of review evidence and Risk Opinions.</li><li>Ensure work performed is in line with the CLG Internal Model Governance Policy and Solvency II requirements.</li></ul></li><li>Perform additional second line review activity, as appropriate:
 <ul><li>(Non-PIM) Model Risk Reviews and Management (Growing Area)</li><li>Perform other second line risk reviews, in support of the wider delivery of the Risk Team’s annual plan e.g. Pricing/Business Strategy.</li><li>Input to the wider ORSA process, as appropriate.</li><li>Provide Risk Opinions on key Internal Model activity including Model Changes.</li><li>Perform second line review of CLL’s Standard Formula Appropriateness Assessments.</li></ul></li><li>As required, attend Internal Model governance bodies.
 <ul><li>Support the annual review of Terms of Reference for Internal Model governance bodies.</li></ul></li><li>Manage stakeholder relationships in respect of the Internal Model.
 <ul><li>Maintain collaborative relationship with the CLG Risk Team, to ensure appropriate support is provided to help inform the CLG CRO’s Opinion of the ongoing appropriateness of the Internal Model at a CLG-level.</li><li>Support engagement with the PRA in respect of the Internal Model, and external parties, as appropriate.</li></ul></li><li>Maintain the Internal Model Standards documents that underpin CLG Internal Model Governance Policy, and ensure ongoing compliance with Solvency II requirements.</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.This role will support the delivery of financial reporting requirements to meet the needs of local management, the UK regulator and the wider Group. As well as contributing to the delivery of our quarterly & annual financial reporting requirements, the role will be key in supporting transformation & developing processes to reflect business changes within financial reporting and facilitate greater efficiency across all aspects of actuarial reporting.The role will provide extensive exposure to financial & solvency reporting as well as opportunities to communicate those results to management. In addition, we are looking for someone who will initiate & implement improvements and has a proven track record in this area.<ul><li>Review and communicate Canadian-IFRS & Solvency II results with a focus on understanding the key drivers of movements.</li><li>Build effective relationships with valuation, finance & investment team members to facilitate timely completion of reports & comprehensive analysis of results.</li><li>Maintain a controlled environment for reporting processes</li><li>Identify processes where efficiencies can be made & effectively implement changes in line with the change control policy</li><li>Keep abreast of industry issues and developments to ensure the business processes and results are in line with the industry and regulatory requirements.</li></ul>Qualifications:<ul><li>Qualified Actuary with relevant experience in financial reporting</li><li>Track record in effectively making process improvements</li><li>Good communicator</li><li>Good project management skills</li><li>Works well within a controlled environment, showing clear and comprehensive audit trails</li><li>Relevant experience in a Life Office</li><li>Excellent knowledge of MS Excel</li></ul>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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.The position supports a number of the core FP&A functions, namely:<ul><li>the production of the business plan and forecasting</li><li>management of the P&L for the respective business</li><li>acting as a point of liaison for the CFO and their Finance function with the business units</li><li>providing insightful analysis of financial and commercial performance against Plan and forecast to both the UK management team and our parent company in Canada</li></ul>The position works closely with the Pricing and Distribution teams in each business to understand trading and commercial performance.The position also provides independent review and challenge of business performance – including how business initiatives and the benefits associated with them will support the competitive positioning and financial outlook for the business.Supports the Head of FP&A and Financial Performance Director to deliver an effective and credible FP&A function to the business. This requires the role holder to possess sufficient relevant expertise, experience and insight to manage the P&L and partner the relevant line of business. Oversees the provision of smooth running and efficient forecasting, planning, analysis and management reporting process providing consistent and high quality information to support the respective business in making sound, strategic business decisions in respect of its operations including providing effective expense discipline (both BAU and projects).Key outputs include:<ul><li>Management Information</li><li>Annual budgeting and forecasting (including quarterly reforecasting)</li><li>Commentary on Canadian earnings including analysis versus plan</li><li>UK local entity reporting including UK GAAP /IFRS financial statements (as applicable) and Solvency II (if applicable)</li></ul>Technical Expertise<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation</li><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation</li></ul>Problem Solving & Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues</li><li>Can make some decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated</li><li>Proactive in approach to tasks and taking on new responsibilities</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications</li></ul>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 LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

Duration: 6 month Fixed Term contract (not day rate)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.Support the Risk &amp; Compliance department in delivering the desired output of a financial risk nature within the UK Division’s Risk &amp; Compliance Function.Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk &amp; Compliance department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriate financial risk management across the UK Division.Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include:<ul><li>Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises.</li><li>Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.</li><li>Leading the drafting of sections within the ORSA Report.</li><li>Ensuring maintenance of the ORSA Record and Stress &amp; Scenario Testing Standard.</li><li>Ensuring that the ORSA Policy is adhered to.</li><li>Following up on management actions resulting from the ORSA process.</li></ul>Support the Head of Risk Oversight – Insurance &amp; Capital and risk Business Partners in providing (financial risk) oversight of the first line:<ul><li>Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions).</li><li>Review and oversight of key corporate initiatives (e.g., Finance Transformation, IFRS17, reinsurance, capital optimisation, M&amp;A activity).</li><li>Review of the business planning process.</li><li>Ad hoc risk reviews as required.</li></ul>As a key member of the Insurance &amp; Capital Risk Oversight team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include:<ul><li>Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting.</li><li>Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco.</li><li>Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary.</li><li>Drafting the financial risk-related sections of the CRO Report.</li><li>Co-ordinate with CLG and Great-West Lifeco in order to:</li><li>Ensure alignment of Risk Appetite Frameworks and Risk Strategy.</li><li>Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks.</li><li>Adhere to oversight requirements on first line activity.</li><li>Relationship-building and knowledge sharing.</li><li>Support the Risk &amp; Compliance department in managing and developing the team in order to optimize team performance.</li></ul>- Experience in the life insurance industry.- Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework.- Deep knowledge and understanding of Solvency II requirements.- Experience of second line of defence risk oversight activities.- Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management.- Strong influencing skills, with experience of engaging with senior management in order to get desired outcome.- Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.- Proven track record of delivering under tight time pressure.- Self-motivated, well-organized, pragmatic and able to perform tasks independently.Benefits of working at Canada LifeWe believe in recognizing 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 LifeOur 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 behaviors shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.We now need a Qualified Actuary to support the transformation and the future growth of the Longevity and Catastrophe team, so it can be a trusted and commercial partner that influences the business to make good financial decisions, by delivering excellent support, expertise and high quality Management Information.This role will be within the Longevity and Catastrophe team, based primarily in Potters Bar, north of London, to support the analysis of longevity risk, mainly in the context of modelling the capital requirements relating to this risk, but also to assist the wider work of the team in understanding and modelling mortality/longevity outcomes more broadly.Annuitant mortality is our single biggest risk as a business. This role exists to help understand how to optimise our management of this risk and to understand what the latest research (both actuarial and external) in this fast changing field suggests about how longevity will develop in future.Longevity risk analysis:<ul><li>Supporting the ongoing development and maintenance of the longevity risk model for Solvency II purposes, and wider applications within the business</li><li>Carrying out the annual recalibration of the longevity risk model</li><li>Completing the annual line one validation of the model</li><li>Drafting, presenting and explaining the calibration and validation reports to governing committees and receiving approval for the proposed calibration</li><li>Contributing to the full suite of model documentation, reviewing and developing this on an ongoing basis</li><li>Supporting the upkeep and improvement of the various spreadsheets, models and processes contained in the longevity risk model</li><li>Proposing longevity risk model changes and developments as necessary and support their implementations</li></ul>Managing the governance framework around the model<ul><li>Ensuring compliance of the longevity risk model with CLL internal model governance (change control, documentation standards etc.), and maintenance of the various logs (expert judgements, limitations etc.)</li><li>Collating evidence of use of the longevity model, engaging with users and incorporating feedback into model development plans</li><li>Contributing to internal governance groups including the Internal Model Experts Group</li><li>Coordinating longevity expert judgement panels and user groups</li><li>Overseeing on-going longevity trigger monitoring</li><li>Addressing challenges raised by independent validation / internal governance groups and take the lead of responding to these</li></ul>Provide support to other stakeholders (internal and external)<ul><li>Providing support to corporate actuarial in the production of capital reporting</li><li>Supporting CLL and wider group risk teams (CLG, GWL) in longevity related analysis (e.g. ORSA/risk appetitive/reverse stress testing)</li><li>Dealing with external stakeholders, e.g. consultants, independent validators and regulatory bodies</li></ul>Deepening the company’s understanding of annuitant mortality<ul><li>Supporting research into longevity topics from both actuarial and wider sources (e.g. medical, epidemiological, social, etc.)</li><li>Assisting in the production of clear reports on these issues to senior management and shaping thinking on these topics within the company</li><li>Supporting other work streams within the wider Longevity &amp; Catastrophe team as may be required (e.g. assist in developing longevity assumptions, conducting experience analysis)</li></ul>General responsibilities<ul><li>Ensuring familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities</li><li>Ensuring compliance with Company policies, regulatory, professional &amp; legal requirements</li><li>Ensuring continuous review and improvement of the relevant processes</li><li>Fostering good risk culture and awareness within the wider team</li><li>Managing, motivating and developing junior colleagues (this role has 2 direct reports)</li></ul>• Qualified Actuary with technical longevity knowledge and experience or a demonstrable interest to work in this field together with the ability to pick up new technical material quickly• Strong written communication tailored for a wide range of audiences• Effective communication with senior stakeholders• Good project and workflow management• Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements• Knowledge of Solvency II internal model requirements• Ability to develop a network within CLL and with those working in the longevity field elsewhereBenefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.About the roleAs a senior actuarial trainee at Canada Life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have opportunity to advise the business or management to ensure that we are managing risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.Produce, or assist in the production, of regular departmental, business or regulatory reports taking in to account commercial and statutory considerations.Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policyTechnical Expertise<ul><li>Developing knowledge and understanding of different actuarial disciplines including via student rotation.</li><li>Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.</li><li>Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.</li><li>Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.</li><li>Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills</li><li>Ability to deliver work to a consistently high standard under tight time pressure with attention to detail</li></ul>Communication:<ul><li>Strong analytical and report writing/drafting skills.</li><li>Can explain complexities in a straightforward and accurate way with coaching or support from managers.</li></ul>Relationship Building:<ul><li>The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times</li><li>Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.</li><li>Taking part in and making a valuable contribution in different roles via actuarial student rotation.</li></ul>Problem Solving &amp; Accurate Judgement:<ul><li>Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.</li><li>Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.</li><li>Can make some decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.</li><li>Proactive in approach to tasks and taking on new responsibilities.</li></ul>Developing Self<ul><li>Actively studying for actuarial exams, usually being over half-way through their qualification.</li><li>An interested and inquisitive individual who is committed to their own ongoing professional and personal development.</li><li>Developing the ability to apply technical actuarial techniques and understand business/commercial implications.</li></ul>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 LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.<ul><li>Contribute to determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division.</li><li>Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models.</li><li>Contribute to the development and delivery of capital and liquidity plans including Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.</li><li>Reports to the Head of Capital and Liquidity</li></ul><ul><li>Contribute to the production and maintenance of the methodology for the calculation of economic capital and liquidity contributing to the ERM framework, and validating the proper implementation of that methodology in capital models.</li><li>Support the production and review of methodology used to determine regulatory capital requirements and ensuring this is implemented appropriately in models and results produced for regulatory reporting purposes.</li><li>Support initiatives required to:
 <ul><li>Optimise capital/liquidity requirements and/or</li><li>Reduce earnings volatility, and/or</li><li>Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework.</li></ul></li><li>Contribute to the development and delivery of SST results (both point in time and projections) that are required as part of an effective Enterprise Risk Management Framework.</li><li>Contribute to the production of sensitivity testing to support various requirements including:
 <ul><li>Risk reporting as required by the Risk Function;</li><li>Assumption significance assessment;</li><li>Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques.</li></ul></li><li>Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team.</li></ul><ul><li>Strong technical skills including either financial reporting or Solvency II knowledge/experience</li><li>Good understanding of the UK regulatory environment.</li><li>Delivery focused and able to take a pragmatic solution if required.</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li><li>Proven ability to act independently as well as working as part of a wider team.</li><li>Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).</li><li>Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.</li><li>Experience in applying technical expertise to analyse risk, capital and liquidity information and convert this into management information that is both timely and helpful</li></ul>Qualifications: Fellow of the Institute and Faculty of Actuaries (or equivalent).Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

Please note this position is not part of our trainee scheme and does not provide actuarial study support.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.Job purpose:As part of growing our BPA business we are looking for a number of analysts roles to support our Operations, Pricing and Proposition &amp; Projects teams.Key Accountabilities:<ul><li>Review of pension scheme reports/data to put together data schedules and benefit specifications between Canada Life and Scheme Trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.</li><li>Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets, and reporting tools.</li><li>Create quality reports to ensure strong understanding of results, analysis and to allow the appropriate processing of downstream activities for example, administration updates, reinsurance accounting, premium changes, project plans and resource tracking.</li><li>Support the review of products, processes and/or reporting of BPA function and/or market. E.g. supporting business readiness activity. Proactively identifying and suggest improvements to line management.</li><li>Clear and accurate written and verbal communication of data, actuarial and modelling reports to line management and wider business. E.g. Project initiation documents, KIRA etc.</li><li>Working in a team with great diligence to ensure the modelling of data is accurate and complete.</li><li>Collaborative working across Canada Life to ensure efficient systems and process are in place.</li><li>Ensure decisions taken with Customer focus and supporting customer proposition from a pricing perspective.</li><li>Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers)</li></ul>Desired Knowledge / Experience / Skills:<ul><li>Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.</li><li>Comprehensive understanding of the UK regulatory environment.</li><li>Able to build relationships and gain trust and respect at all levels.</li><li>Demonstrates personal drive, energy, persistence, self-motivation and awareness of the part played in the wider business.</li><li>Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).</li><li>Ability to apply actuarial techniques to business problems and to see wider implications.</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.The first rotation for this role will be within the Bulk Annuity team, based primarily in Potters Bar, north of London, to support the analysis of Bulk Annuity. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g. pricing or valuation.<ul><li>Responsibility for the benefit modelling of schemes and accurate &amp; complete data manipulation.</li><li>Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.</li><li>Support the transition of bulk schemes through to Buy Out including the data verification processes.</li></ul>General responsibilities<ul><li>Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities.</li><li>Ensure compliance with Company policies, regulatory, professional &amp; legal requirements.</li><li>Actively study for the qualification as a FIA (or equivalent).</li></ul>Requirements:<ul><li>Student actuary who has already worked within an actuarial department.</li><li>Good knowledge of MS Excel and MS Access.</li><li>Able to draw conclusions and make recommendations.</li><li>Strong communication skills.</li><li>Able to build relationships with people at all levels.</li><li>Understanding and ability to implement/maintain an actuarial control framework and meet governance requirements.</li><li>Ideally a demonstrable interest to work in the field of Bulk Annuity with Defined Benefit scheme knowledge.</li></ul>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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.An opportunity has become available for a Qualified Actuary to join our BPA team.This would suit a newly qualified Actuary who ideally has BPA experience.Oversight of a scheme through to Buy Out from a Data perspective for both our existing and future Bulk Annuity transactions.Provide direction and guidance to a team to ensure all actuarial principles are understood and followed in the completion of Data Verification (or other exercises).Checking and responding to internal and external technical queries with existing schemes and their advisors.Meeting with existing schemes to manage project plans to agreed timescales and quality.Reviewing and approving calculations to premium top up and working across teams to agree approaches to make in methodologies.Improve the Data Verification process to increase efficiency and enhance customer outcomes at each stage of the process.Collaborative working across Canada Life to ensure efficient systems and process are in place.Ensure decisions taken with Customer focus, building relationships across the industry and supporting customer proposition from a pricing perspective.Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers)Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.Comprehensive understanding of the UK regulatory environment.Able to build relationships and gain trust and respect at all levels with strong leadership skillsDemonstrates personal drive, energy, persistence and self -motivation and awareness of the part played in the wider business.Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries)Ability to apply actuarial techniques to business problems and to see wider implications.QualificationsQualified Actuary - FIABenefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

This position is being recruited as a 12 month Fixed term contract.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.We are looking for a part qualified actuary to support the Annuities Valuation team, currently seven in number. The role will be to provide support for calculating statutory reserves and capital for the UK Annuities Business. The role works closely with other teams within the Finance Accounting &amp; Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions.<ul><li>Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.</li><li>Calculation, analysis and explanation of technical reserves and capital on both a UK and Canadian basis.</li><li>Maintenance and development of valuation processes and models.</li><li>Embedding of new bulk annuity schemes within BAU reporting.</li><li>Supporting the calculation of the reinsurance accounts.</li><li>Produce, or assist in the production, of regular departmental, business or regulatory reports and analysis including providing support and inputs to Experience Analysis and Profit &amp; Loss Attribution.</li><li>Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.</li><li>Support and make recommendations on the continuous improvement of department processes and procedures, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.</li><li>Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.</li></ul>Technical ExpertiseDeveloping knowledge and understanding of different actuarial disciplines including via student rotation.Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.Ability to deliver work to a consistently high standard under tight time pressure with attention to detail.CommunicationStrong analytical, verbal and report writing/drafting skills.Can explain complexities/technical content in a straightforward and accurate way with coaching or support from managers to a wide variety of stakeholders.Relationship BuildingA team player able to work under pressure and to deliver to tight timescales.The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times.Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.Taking part in and making a valuable contribution in different roles via actuarial student rotation.Problem Solving &amp; Accurate JudgementAble to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.Can make some decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.Proactive in approach to tasks and taking on new responsibilities.Developing SelfActively studying for actuarial exams, usually being over half-way through their qualification.An interested and inquisitive individual who is committed to their own ongoing professional and personal development.Developing the ability to apply technical actuarial techniques and understand business/commercial implications.Degree (or equivalent) in Finance, Mathematics, Statistics or related field.Part qualified Actuary.Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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.Job Summary:The role holder will support in delivering the overall goals of the Strategy and Commercial Director, including producing input for strategic proposals and market analysis. The role holder is also responsible for annual business plan projections and action management. The role holder has accountability for MI &amp; risk reporting in the Bulk Purchase Annuity (BPA) team.Duties &amp; Responsibilities:<ul><li>Support the development of the BPA strategy:
 <ul><li>Support development of the strategy, specifically:
 <ul><li>have comprehensive detail of competitors and market clearly documented.</li><li>cover near, medium and long term development plans.</li></ul></li><li>Responsible for production and coherence of the high-level business case for specific strategic developments, working with relevant affected business units.</li><li>Responsible for communicating the strategy with relevant internal stakeholders.</li><li>Support monitoring market developments to keep the strategy document current.</li></ul></li><li>Accountable for first line risk reporting in BPA, with support from the MI analyst:
 <ul><li>Work with the wider bulk annuity team to complete the Risk and Control Self-Assessment (RCSA) process.</li><li>Ensure that the risk register is current.</li><li>Support the BPA team with timely risk event reporting.</li><li>Embed regular risk reporting into the team.</li><li>Produce regular risk reporting to the Compliance and Operational Risk Committee (CORC).</li><li>Work with the BPA Senior Leadership Team to review and ensure completeness of risk reporting.</li><li>Responsible for the BPA inputs to the ORSA process and reporting.</li></ul></li><li>Accountable for the MI and reporting processes for the BPA team, with support from the MI analyst:
 <ul><li>Ensure that the MI reporting continues to meet stakeholder needs and continues to evolve with the business (e.g. Bulk senior management, Investments and Finance).</li><li>Work with the wider bulk team to ensure data collection is standardised, efficient and consistent.</li><li>Review MI produced by the MI analyst for accuracy.</li></ul></li><li>Responsible for the BPA business planning results. Liaise with relevant internal stakeholders to ensure the plan is appropriate (e.g. Investments, ALM).</li><li>Responsible for co-ordinating and managing internal audit actions across the BPA team.</li><li>Foster a culture of continuous improvement to ensure MI, risk and other processes offer meaningful insight and remain efficient.</li></ul>Experience for position:<ul><li>Knowledge and understanding of the BPA market is desirable.</li><li>Ability to influence peers to provide timely input.</li><li>Ability to communicate insights and make recommendations to a range of stakeholders (including non-technical).</li><li>Strong analytical skills - ability to use, interpret and develop meaningful data and make sound recommendations.</li><li>Strong technical ability to understand, challenge and review BPA risk and commercial MI.</li><li>Focus on delivering results and finding a way forward to keep momentum.</li><li>Creative and flexible in their approach to work.</li><li>Collaboration and facilitation skills.</li><li>Familiarity with regulatory requirements and compliance standards within the UK life insurance industry.</li><li>Qualified Actuary (or equivalent qualification).</li></ul>Benefits of working at Canada LifeWe 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 LifeOur 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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 inclusionBuilding 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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

Location: This position can be located in either our London, Potters Bar or Bristol 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.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.Contribute to the delivery of the capital strategy of Canada Life Limited through:<ul><li>Implementation of capital management actions, initially with a focus on reinsurance.</li><li>Ensuring operational readiness of processes arising from capital actions undertaken.</li><li>Identification and implementation of tactical improvements to capital models.</li><li>Development of new systems and processes to support ambitions to enhance capital modelling capabilities.</li></ul>Reports to the Head of Capital DevelopmentContribute to the implementation of strategic initiatives for Canada Life Limited to optimise capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.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.Own improvements to the ability to forecast, project and stress test Canada Life’s capital positions, covering both Solvency II & LICAT capital regimes.Support the strategic aims of the Finance department to modernisation 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, while longer term modernisation activities progress.Ensure that operational readiness is achieved through effective handover of improvements and new processes.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 communicate with a wide variety of stakeholders across Canada Life, and 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.Qualifications: 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. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.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.“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UKWe 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.

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