Senior Actuary (fixed term contract) - Canada Life : Job Details

Duration: 6 months

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

Fixed term contract opportunity to move actuarial reporting spreadsheets to compliance with the Canada Life internal EUC standard and complete UAT testing on the new approach (for review by the technical business leads). It is important that you have attention to detail, able to efficiently and effectively make updates to spreadsheets in line with compliance documents, excellent Excel use & able to work independently.

This contract opportunity would suit an Actuary who has experience within either compliance, risk or audit.

Experience in reporting (or working knowledge of solvency II and IFRS17) is essential.

Desired Knowledge / Experience / Skills

Technical Expertise - Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical actuarial techniques and understand business/commercial implications - Understand complex statistical and financial models across a range of actuarial disciplines, as well as the expertise to interpret and recommend commercially astute courses of action; constructively challenging and helping develop others’ thinking and understanding. - Significant experience in the life insurance industry and is a subject matter expert in a number of disciplines within the function - Proven ability to lead on high-profile projects, utilising experience in project management techniques to deliver complex projects on-time, in-full. - Willing and capable of taking difficult and complex 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. - Experience in IFRS17 and Solvency II financial reporting, particularly in the context of annuity products Communication - Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management, including Board level. - Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues - Strong influencing skills, with experience of engaging with Boards and senior management in order to get desired outcome Relationship Building - The ability to develop and maintain strong relationships across the actuarial function and the wider business, acting with integrity and role modelling the company values at all times. - Strong interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders, - Ability to flex their style and delivery, in the moment, depending on the individual and/or audience. Taking Initiative - Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard. - Self-motivated, well-organised, pragmatic and able to perform tasks independently. Developing Self and Others - Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience - Strong coaching ability in technical, and non-technical skills in order to support the development of others. - An interested and inquisitive individual who is committed to their own ongoing professional and personal development

Qualifications Fellow of Institute of Actuaries (or equivalent) or significant actuarial experience.

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.