Actuary (Annuities Valuation team) Actuary (Annuities Valuation team) …

Canada Life Limited
in Potters Bar, England, United Kingdom
Permanent, Full time
Be the first to apply
Canada Life Limited
in Potters Bar, England, United Kingdom
Permanent, Full time
Be the first to apply
Actuary (Annuities Valuation team)
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
We are looking for a recently qualified actuary to support the Annuities Valuation team, currently five 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.

Key Accountabilities
• Calculation, analysis and explanation of technical reserves and capital on both a UK and Canadian basis
• Maintenance and development of valuation processes and models
• Contribute to Canadian and UK profit and loss assessment for the UK Annuities business
• Produce/Support experience analyses and set assumptions and impacts within a valuation basis
• Technical and actuarial support to the Annuities Business Unit
• Management of a team of actuarial students and support staff
• Embedding of new bulk annuity schemes within BAU reporting
• Supporting the calculation of reinsurance accounts

Desired Knowledge / Experience / Skills
• Qualified actuary with some relevant pre-qualification experience
• Strong technical and analytical skills
• Understand the need for a robust control framework
• A team player able to work under pressure and to deliver to tight timescales
• Good verbal and written communication skills, including an ability to communicate technical content to a wide range of stakeholders
• Should be highly motivated and committed to continual process improvement
• Ability to plan work and lead actuarial projects
• Experience of financial modelling software
• Knowledge of annuities markets and reinsurance

What you'll like about working here

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.

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

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