Canada Life UK are currently recruiting for Senior Actuarial Trainee positions within the following departments: (please note there may be other teams also)
1) Bulk Annuity located within Potters Bar, Herts: The Bulk Annuity Pricing team are responsible for providing quotations & terms for bulk annuity transactions and actuarial calculations to support the retirement options of deferred pension members.
2) Credit risk & asset optimisation located within City of London: The Credit Risk and Asset Optimisation team are responsible for maintaining the credit risk internal model and supporting its wider company use, such as for regulatory reporting, managing our exposure, and asset investment decisions.
2) Equity Release & Inflation located within City of London or Potters Bar, Herts: The Equity Release and Inflation team are responsible for supporting global funders of UK equity release mortgage loans with regular valuations and management information; and providing inflation risk reporting to ensure that inflation risk is appropriately hedged, managed and understood.
All roles have the option of hybrid working.
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.
Job Purpose 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 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.
Desired Knowledge / Experience / Skills Technical Expertise • Developing 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.
Communication: • Strong analytical and report writing/drafting skills to provide accurate and insightful commentary on financial results. • Can explain complexities in a straightforward and accurate way with coaching or support from managers.
Relationship Building: • 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 & Accurate Judgement: • Able 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 Self • Actively 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. post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).
Benefits of working at Canada Life As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You'll also receive the support you need with your personal and professional development.
A competitive study package is available to all our actuarial trainees, which includes study days, tutorials, course materials and entry fees for the first sitting of each exam. Every new starter is assigned a mentor to oversee their progress. Canada Life has a strong culture of success in the actuarial examinations and provides an environment for new actuaries to study and develop.
Culture and Values Our culture is incredibly important to us at Canada Life and everything we do is underpinned by our values - people, integrity, excellence and togetherness. We know that values alone won't create a company culture and that it's our people living the values that brings our culture to life. That's why we invest in the development of our people, technology and workplaces. We want our people to have long and rewarding careers with us.
Diversity and inclusion Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences "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 for you.