BULK MI Analyst

1 month ago


Bristol City Centre, United Kingdom Canada Life Limited Full time
Duration: 6 -12 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:
To produce regular BPA MI to support management review and sound decision making with respect to the bulk annuity business line, including a monthly MI pack, pipeline and sales reporting and risk MI. The role holder will also support in delivering the overall goals of the strategy and commercial director, including producing input for business planning and market analysis.

Duties & Responsibilities:
1) Responsible for timely and accurate production of monthly (and adhoc as required) Bulk Purchase Annuity (BPA) business management information pack, focussing on making KPIs clear. Involves working with teams across BPA including Pricing, Business development and Operations as well as teams from Finance
2) Responsible for timely and accurate BPA sales and pipeline reporting on a frequent basis, working closely with the pricing and business development teams.
3) Supporting update and production of the BPA operating model and business planning results.
4) Support the BPA commercial and risk manager in analysing the BPA market, including being responsible for gathering competitor, EBC and scheme market data.
5) Production of BPA division risk MI for management and senior committees.
6) Continuous Improvement
• Stay abreast of emerging technologies, industry best practices, and regulatory changes relevant to data analytics and reporting in Bulk Annuities
• Support evaluation and implement appropriate tools and systems to enhance data analysis and reporting capabilities.
• Focus on delivering a culture of continuous improvement, promoting data-driven decision-making throughout the organization.
7) Implement and embed the Enterprise Risk Management framework within all reporting in Bulk division.

Knowledge and Experience:
• Some knowledge and understanding of the BPA market desirable but not essential from outset
• Experience in data analysis, reporting, and insights generation.
• Proficiency in data analysis tools (e.g., SQL, Excel, Python, R) and data visualization platforms (e.g., Tableau, Power BI).
• Ability to influence peers to provide timely input
• Ability to present insights and recommendations to non-technical stakeholders.
• Creative and flexible in their approach to work
• Strong analytical skills - ability to use, interpret and develop meaningful data
• Collaboration and facilitation skills
• Technical ability - demonstrates commitment to develop and extend technical knowledge and skills.
• Familiarity with regulatory requirements and compliance standards within the UK life insurance industry.

Qualifications:
• Bachelor's degree (or equivalent work-based experience/qualification) in mathematics, business, finance, economics, statistics, or a related numerate field.

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 you.

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