Senior Actuarial Trainee

2 weeks ago

London, United Kingdom Canada Life 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.

**Job Purpose**

This position will initially commence within the front office ALM team and include the following:

- Support the ALM Front Office team in asset and liability management (ALM) and optimisation across the Canada Life Group European entities, including Irish Life, in respect of an asset portfolio of £30bn.
- Support the ALM Front Office team in the optimisation of the Canada Life Limited (CLL) £9bn Matching Adjustment Portfolio (MAP).
- Support the Investments Function and Commercial’s Pricing sub function to develop and implement an optimal asset strategy / mix for New Business in respect of both the CLL and Irish Life businesses, including pricing for strategic 3rd party Bulk Annuity transactions.
- This role would suit a part qualified actuary. Experience with DB investment strategy modelling or ALM in a life insurer could be beneficial, but not essential.
This position is located in our London City office, but future student rotations can be within our Potters Bar Hertfordshire office

**Key Accountabilities**

Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.
- Support the optimisation of the Matching Adjustment Portfolio, producing regular asset/liability projections, developing rebalancing proposals with Investments, evaluating and recommending new asset classes and providing regular reporting on trading activitiesand rationale.
- Assist in producing recommendations of asset mix alternatives and returns (Markers), support onboarding of assets, coordinating in-specie transfers and mitigating onboarding risks (taking into account any reinsurance arrangements).
- Assist in formulating asset strategy/mix taking into account relative asset attractions under Canadian/UK/EU regulatory regimes and setting guidelines for Investments on trading. Monitor the impact of trading and liability changes during the quarter.
- Support the delivery of ALM information to multiple internal teams, delivering in line with Investment Management Agreements (IMAs) and Service Level Agreements (SLAs) with Investments front office and SLAs with Irish Life and Pricing.
- Contribute to the continuous review and improvement of the departments’ processes and procedures to ensure the provision of timely, accurate and efficient levels of service.

General Responsibilities
- Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities
- Ensure compliance with Company policies, regulatory, professional & legal requirements
- Actively study for the qualification as a FIA (or equivalent)

**Desired Knowledge / Experience / Skills**

**Technical Expertise**:

- Can demonstrate a good understanding of asset classes to enable accurate production of Asset Liability Matching results.
**Developing knowledge and understanding of different actuarial disciplines including via student rotation.**:

- Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management or other key stakeholders.
- Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills
- Ability to deliver work to a consistently high standard under tight time pressure with attention to detail
**Communication**:

- Strong analytical and report writing/drafting skills.
- Can explain complexities in a straightforward and accurate way with coaching or support from managers.
**Relationship Building**:

- The ability to develop and maintain strong relationships across the actuarial function, acting with integrity and being a role model for the company values at all times
- Being able to flex their style and approach to different individuals, with occasional coaching and support, in order to achieve a successful outcome.
- Taking part in and making a valuable contribution in different roles via actuarial student rotation.
**Problem Solving & Accurate Judgement**:

- Able to effectively plan, organise and execute their own work with little supervision, making management aware of conflicting priorities and readjusting their workload accordingly.
- Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.
- Can make some 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.
- Proactive in approach to tasks and taking on new responsibilities.
**Developing Self**:

- Actively studying for actuarial exams, usually being over half-way through their qualification.
- An interested and inquisitive individual who is committed to their own ongoing professional and personal development.

  • Senior Actuarial Trainee

    4 weeks ago

    London, United Kingdom Canada Life 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...

  • Senior Actuary

    6 days ago

    London, United Kingdom Star Actuarial Futures Full time

    **Senior Actuary - Commercial Leadership**: Reference: Star8667 Posted: 14/02/2024 - £ six-figure basic + package - London / hybrid 2 days p/w office-based - Permanent - Non-life Are you a qualified GI actuary and recognised industry figure, looking for your next leadership opportunity within a major firm? This is a fantastic chance to take up a senior...

  • Senior Actuarial Trainee

    4 weeks ago

    London, United Kingdom Canada Life 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...

  • Actuary / Senior Actuary

    1 month ago

    Poplar, Greater London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Are you a qualified GI actuary and experienced team-leader with deep knowledge of the UK retail sector, seeking to make a difference within a major global consultancy? A talented problem-solver, the successful candidate will be commercially savvy and possess atrack record of managing actuarial projects and team members, delivering or managing multiple tasks...

  • Actuary / Senior Actuary

    4 weeks ago

    Poplar, Greater London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Are you a qualified GI actuary and experienced team-leader with deep knowledge of the UK retail sector, seeking to make a difference within a major global consultancy? A talented problem-solver, the successful candidate will be commercially savvy and possess atrack record of managing actuarial projects and team members, delivering or managing multiple tasks...

  • Trainee Actuarial Analyst

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Our client has an exciting vacancy for a part-qualified life actuary (or talented exam-stopper) to undertake a variety of different tasks including experience analyses and recommending valuation assumptions. In this diverse opportunity, you will support the with-profits business, including providing recommendations on investment strategy and bonus rates. ...

  • Senior Pensions Actuary

    2 weeks ago

    London, United Kingdom Star Actuarial Futures Full time

    Are you a qualified life actuary with experience with Longevity as a business line, and more technically from an experience analysis or process perspective? This is a fantastic opportunity to join a leading-edge business where you will take on a senior role in the Pricing division, supporting Longevity pricing as our client looks to expand this line of...

  • Senior Consultant, Pensions, Actuarial

    4 weeks ago

    London, United Kingdom Star Actuarial Futures Full time

    Major global consultancy has an exciting opportunity for a part-qualified life actuary tosupportclients on the largest and most cutting-edge transformations across the market. Finance Transformation Actuarial modelling The successful candidate will possess a good knowledge of the life insurance industry and one of the above listed specialisms. An...

  • Senior Pensions Actuarial Consultant

    4 weeks ago

    London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Our client is seeking a Senior Manager with experience in BPAs alongside an understanding of defined benefit pensions administration to join their team where you will contibute to the continual growth of its annuities business. Taking ownership of activities associated with the implementation of the Bulk Purchase Annuity (BPA), you will cover a range of...

  • Senior Pensions Actuarial Consultant

    4 weeks ago

    London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Our client is seeking a Senior Manager with experience in BPAs alongside an understanding of defined benefit pensions administration to join their team where you will contibute to the continual growth of its annuities business. Taking ownership of activities associated with the implementation of the Bulk Purchase Annuity (BPA), you will cover a range of...

  • Consultant/Senior Consultant

    2 hours ago

    London, United Kingdom Star Actuarial Futures Full time

    Employer Star Actuarial Futures Location London / hybrid with 2 days p/w office-based Salary £ excellent package Closing date 9 Jun 2024 Reference Star8381 Major global consultancy has an exciting opportunity for a part-qualified life actuary tosupportclients on the largest and most cutting-edge transformations across the market. In this diverse role,...

  • Senior Actuary

    3 weeks ago

    East London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Are you a qualified GI actuary and experienced team-leader with deep knowledge of the UK retail sector, seeking to make a difference within a major global consultancy?Then look no further.This is an exceptional opportunity tohelp lead the retail team within the firm as retail becomes a growing part of the business, having a deep involvement within pricing,...

  • Actuarial Trainee Consultant

    4 weeks ago

    London, United Kingdom Hymans Robertson LLP Full time

                                    *Please note experience is require for this role*High level overview of role:As a part-qualified actuarial trainee you will be supporting a portfolio of client accounts, providing high quality actuarial and consulting services.  The primary focus is on UK defined benefit pension schemes working with both...

  • Trainee Actuary

    4 weeks ago

    London, United Kingdom CNA Hardy Full time

    **Job Profile** **Function / Area**: Pricing **Reporting to**:AVP & Actuary, Pricing **Position Summary** This role provides actuarial pricing support and portfolio analysis across all the business of CNA Hardy (Europe and Lloyd’s syndicate 382) within the Actuarial Pricing function. **Key Responsibilities** Under supervision of experienced members...

  • Senior Pricing Actuary

    4 weeks ago

    London, United Kingdom Star Actuarial Futures Full time

    **Vacancy Details**: - Vacancy: - **Senior Pricing Actuary - Life Reinsurance** - Location: **London / hybrid 2 days p/w office-based** - Reference: - **Star8170** - Contract type: - **Permanent** - Sector: - **Life** - Qualification: - **Qualified** - Salary: - **£ excellent** A fantastic opportunity to join a leading global reinsurer where you...

  • Life Actuary

    4 weeks ago

    London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Our client is seeking a Senior Manager with experience in BPAs alongside an understanding of defined benefit pensions administration to join their team where you will contibute to the continual growth of its annuities business. Taking ownership of activities associated with the implementation of the Bulk Purchase Annuity (BPA), you will cover a range of...

  • Life Actuary

    4 weeks ago

    London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Our client is seeking a Senior Manager with experience in BPAs alongside an understanding of defined benefit pensions administration to join their team where you will contibute to the continual growth of its annuities business. Taking ownership of activities associated with the implementation of the Bulk Purchase Annuity (BPA), you will cover a range of...

  • Life Actuary

    7 days ago

    London, United Kingdom STAR ACTUARIAL FUTURES LIMITED Full time

    Our client is seeking a Senior Manager with experience in BPAs alongside an understanding of defined benefit pensions administration to join their team where you will contibute to the continual growth of its annuities business.The full job description covers all associated skills, previous experience, and any qualifications that applicants are expected to...

  • Senior Syndicate Actuary

    4 weeks ago

    London, United Kingdom Massenhove Recruitment Ltd Full time

    **Senior Syndicate Actuary** **Job Market - Actuarial** **Senior Syndicate Actuary - About the role** To accurately produce all allocated deliverables across multiple syndicates, including robust and well documented capital models; efficient quarterly reserving exercises; and allocated project work. **Senior Syndicate Actuary - Key duties** Build strong...

  • Senior Project Actuary

    4 weeks ago

    London, United Kingdom Sellick Partnership Full time

    An opportunity has arisen for an experienced Senior Actuarial Analyst to join their skills with one of the most well-established General Insurers active in the UK market today. Our London-based client, who are investing heavily in their Actuarial department, are looking to recruit an experienced Senior Actuarial Analyst with an excellent understanding of...