Senior Actuary

3 weeks ago

South East England, United Kingdom Canada Life Group (UK) Ltd (The) Full time
Location: London Office
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
• Development of new capability to contribute into company's long term investment strategy and risk management toolkit.
• Key contributor to the company's balance sheet optimisation efforts and development of the company's balance sheet optimisation model.
• This position would suit an experienced actuary with significant investments, capital, ratings, or life insurance experience.
This position is located in our London City office.
Key Accountabilities
Asset Structuring
• Produce business cases for new asset structuring solutions to enhance Canada Life's long term investment strategy.
• Develop matching adjustment treatment and eligibility view on new asset structuring solutions, and provide expert input into the development of preliminary rating and internal model methodologies, to assess merits of new asset structuring solutions, in collaboration with other ALM teams.
• Lead the implementation and embedding of structured asset solutions scoped for further development, in conjunction with other ALM teams.
• Conduct detailed analysis of items covered in the business case, including but not limited to setting the requirements of the production of prototype models for the respective asset structuring solutions, engaging with stakeholders in other departments on the implementation of the plans, participating in regulatory engagement and submission, and feeding into the work of other ALM teams (e.g. internal model and rating methodology development) as a result of new asset structuring proposals.
• Drive engagement with senior stakeholders to present findings and recommendations on new structuring solutions and guide them through governance.
• Construct process and governance frameworks for the ongoing management of structured assets in collaboration with other BAU teams.
Balance Sheet Optimisation
• Play a key role in solution design, specification and requirement setting for Canada Life's Balance Sheet Optimisation model to support its utilisation in defined use cases. This will include contributing to the production of detailed plans, implementing those plans via controlled model development (in Python and Julia), engagement with stakeholders in Canada Life Asset Management and wider ALM teams and risk engagement, execution of governance processes and documentation.
• Support efforts to expand Canada Life's MA portfolio, including performing the necessary analyses, engaging with stakeholders across departments whilst following the defined governance process.
• Feed expert insight into future developments of Canada Life's investment strategy process in collaboration with other ALM teams in respect of Structured Asset Solutions.
Desired Knowledge / Experience / Skills
• Experience in asset structuring for insurance company balance sheets, in particular for Structured Credit, Equity Release Mortgages, other mortgage, or property linked assets, and/or long income assets.
• A good understanding of the workings of an insurance company balance sheet, capital requirements and rating methodologies for structured assets
• Good knowledge of Solvency 2 Matching Adjustment regulations.
• Experience of coding in Python. Additional experience in Julia will be an advantage.
• 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.
• Effective communications skills and the ability to adapt the message to the audience, including presenting key information and conclusions to senior stakeholders at the appropriate level of detail.
• Demonstrates personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.
• Good time management and the ability to work effectively under time pressure.
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 you.

JBRP1_UKTJ

  • (Senior) Retirement Actuarial Consultant

    4 weeks ago

    England, United Kingdom The Actuary Group Full time

    TAG is actively recruiting for Retirement Consulting Actuaries on behalf of a multi-national consulting and broking business that works with some of the largest companies in the UK. Our client is seeking talented and ambitious pensions actuaries from nearly/newly qualified level through to Scheme Actuary level. This could be someone who is either working...

  • (Senior) Retirement Actuarial Consultant

    4 weeks ago

    England, United Kingdom The Actuary Group Full time

    TAG is actively recruiting for Retirement Consulting Actuaries on behalf of a multi-national consulting and broking business that works with some of the largest companies in the UK. Our client is seeking talented and ambitious pensions actuaries from nearly/newly qualified level through to Scheme Actuary level. This could be someone who is either working...

  • (Senior) Retirement Actuarial Consultant

    3 weeks ago

    England, United Kingdom The Actuary Group Full time

    Location: UK-wide (hybrid) TAG is actively recruiting for Retirement Consulting Actuaries on behalf of a multi-national consulting and broking business that works with some of the largest companies in the UK. Our client is seeking talented and ambitious pensions actuaries from nearly/newly qualified level through to Scheme Actuary level. This could be...

  • Senior Actuarial Manager

    4 weeks ago

    South East England, United Kingdom Vitality Corporate Services Limited Full time

    About The Role Team Actuarial - Life Working Pattern - Hybrid 2days per week in the Vitality London Office.Full time, 37.5 hours per week. What this role is all about: As a Senior Actuarial Manager within the Life Actuarial department at Vitality Life, you play a senior specialist and leadership role, responsible for analysing actuarial experience and...

  • Pension Risk Transfer Consultant

    4 weeks ago

    England, United Kingdom The Actuary Group Full time

    TAG is actively recruiting for multiple Pension Risk Transfer Consultants positions, ranging in seniority from part-qualified actuaries to senior consultants. The client is a leading consultancy looking to expand its Risk Transfer team. Working alongside employers, trustees and financial services institutions, our client offers pensions, investments,...

  • Pension Risk Transfer Consultant

    4 weeks ago

    England, United Kingdom The Actuary Group Full time

    TAG is actively recruiting for multiple Pension Risk Transfer Consultants positions, ranging in seniority from part-qualified actuaries to senior consultants. The client is a leading consultancy looking to expand its Risk Transfer team. Working alongside employers, trustees and financial services institutions, our client offers pensions, investments,...

  • Actuarial Consultant

    3 weeks ago

    England, United Kingdom The Actuary Group Full time

    Locations: London, Birmingham, Edinburgh, Glasgow (hybrid) TAG is currently seeking Actuarial Consultants with wind-up experience on behalf of our client, a leading consultancy looking to expand its Risk Transfer team. This is an excellent opportunity to further specialise in de-risking strategies and transactions while leading clients through their...

  • Pensions Risk Analyst

    3 weeks ago

    England, United Kingdom The Actuary Group Full time

    Location: UK-wide (hybrid) TAG is actively recruiting for multiple Pension Risk Transfer Consultants positions, ranging in seniority from nearly/newly qualified actuaries to senior consultants . The client is a leading consultancy looking to expand its Risk Transfer team. Working alongside employers, trustees and financial services institutions, our...

  • Reinsurance Actuary

    23 hours ago

    City of London, England, United Kingdom Oliver James Associates Ltd. Full time

    A Qualified Actuary responsible for analysing reinsurance pricing and executing new transactions.You will be looking at more bespoke reinsurance, partnering with insurers to complete new transactions. Career Opportunity:Reinsurance Actuary Role & ResponsibilitiesAs a Reinsurance Actuary, you will hold a pivotal role within the Actuarial Department,...

  • Actuarial Pensions Consultant – Part Qualified Actuary

    23 hours ago

    Manchester, England, United Kingdom WTW Full time

    The RoleYou will be joining WTW as a senior actuarial student consultant with experience working on core UK defined benefit pensions actuarial work.We work with a wide range of clients and your work may cover both trustee and corporate assignments. As well as providing advice on regular valuations, accounting, PPF levies, individual calculations, and factor...

  • Actuarial Pensions Consultant – Part Qualified Actuary

    4 days ago

    Manchester, England, United Kingdom Willis Towers Watson Full time

    The RoleYou will be joining WTW as a senior actuarial student consultant with experience working on core UK defined benefit pensions actuarial work.We work with a wide range of clients and your work may cover both trustee and corporate assignments. As well as providing advice on regular valuations, accounting, PPF levies, individual calculations, and factor...

  • Senior Consulting Actuary

    4 hours ago

    Manchester, England, United Kingdom Gallagher Full time

    IntroductionDiscover a world of endless possibilities at Gallagher Benefit Services, where you'll have the power to shape the future of workplaces across industries. As a member of our team, you become the driving force behind positive change, helping clients build environments where employees thrive. Embrace the opportunity to impact lives, unlock...

  • Head of Strategy, Treasury and Pensions

    4 weeks ago

    South East London, United Kingdom Cra Group Limited Full time

    4-5 months contract with a Local Authority Job Summary: The post-holders primary activity is to lead and manage the development of the Councils financial strategy, capital strategy, medium term financial plan and the budget setting process (revenue and capital), lead and manage the outsourced Treasury operation, lead and manage the outsourced accounting for...

  • Risk Senior Partner

    3 weeks ago

    England, United Kingdom Hoffmann Reed Full time

    Senior Partner – Actuarial, Investment & Pension Risk Management (AIP) Shape the Future of Pensions Strategy & Risk Management At Capita Pension Solutions , we are committed to empowering pension schemes to make better decisions, ensuring every person can have a stronger, more secure retirement . As part of our strategic expansion, we are looking...

  • Senior Liability Underwriter

    23 hours ago

    Manchester, England, United Kingdom Avencia Consulting Full time

    Senior Liability Underwriter - ManchesterWe are recruiting for an experienced individual to join our client's liability team in Manchester as a Senior Underwriter, as part of plans to further expand and develop their book of business. The portfolio includes multinational and mid-market coverage, with the successful candidate reporting directly to the...

  • Senior Recruitment Consultant

    4 days ago

    Manchester, England, United Kingdom Oliver James Associates Ltd. Full time

    This position is for a Senior Recruitment Consultant to come and work in our brand new Manchester HQ office, focusing on either perm or contract recruitment (we have roles in both).The best words to summarise our culture and team are high-achieving and professional.Everyone who works here is motivated by success. We have the markets, systems, brand AND...

  • Head of Investment Valuation

    2 days ago

    City of London, England, United Kingdom Alexander Lloyd Full time

    Get AI-powered advice on this job and more exclusive features.Base Pay RangeAlexander Lloyd Senior Finance are delighted to be partnering a Global Financial Services organisation with the key hire of a Head of Investment ValuationSalary - up to £120k+ excellent bonus opportunity and benefitsLocation – London (hybrid)As our client embarks on a very...

  • Senior Liability Underwriter

    4 days ago

    Manchester, England, United Kingdom HDI Full time

    About usHDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.The roleTo carefully select and underwrite risks, in a cost effective manner and in accordance with statutory and company requirements/guidelines to ensure...