Senior Actuary

1 month ago


Potters Bar, United Kingdom Canada Life Limited Full time
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
• Contribute to determining, managing and optimising the regulatory and economic capital and liquidity requirements for companies in the UK Division.
• Contribute to an effective Enterprise Risk Management (ERM) Framework through management of the Capital and Liquidity models.
• 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.
• Reports to the Head of Capital and Liquidity

Key Accountabilities
• 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.
• 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.
• Support initiatives required to:
o Optimise capital/liquidity requirements and/or
o Reduce earnings volatility, and/or
o Manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall ERM framework.
• 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.
• Contribute to the production of sensitivity testing to support various requirements including:
o Risk reporting as required by the Risk Function;
o Assumption significance assessment;
o Information necessary to support regular assessment of the robustness/endurance of risk mitigation techniques.
• Contribute to the development of members of the Capital and Liquidity team in order to optimise the performance of the team.

Desired Knowledge / Experience / Skills
• Strong technical skills including either financial reporting or Solvency II knowledge/experience
• Good understanding of the UK regulatory environment.
• Delivery focused and able to take a pragmatic solution if required.
• Ability to apply actuarial techniques to business problems and to see wider implications.
• Proven ability to act independently as well as working as part of a wider team.
• Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).
• Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.
• Experience in applying technical expertise to analyse risk, capital and liquidity information and convert this into management information that is both timely and helpful

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 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.

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