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Actuarial Pricing Specialist

2 months ago

Potters Bar, Hertfordshire, United Kingdom Canada Life Limited Full time
About the Role

We are seeking a highly skilled Senior Actuary to join our Bulk Annuity Pricing team at Canada Life Limited. As a key member of our team, you will be responsible for providing pricing recommendations and working with the wider team to achieve annual new business targets.

Key Responsibilities
  • Develop and maintain pricing models and assumptions for bulk annuity transactions
  • Collaborate with investment teams to identify suitable assets to support bulk annuity transactions
  • Work with reinsurance actuaries to ensure reinsurance is appropriately incorporated within quotations
  • Review legal agreements and contribute to contract negotiations with external stakeholders
  • Support business development and relationship management
  • Contribute to the development of Canada Life's pricing bases and pricing models that adhere to Canada Life's risk tolerances and are scalable for future growth
  • Manage stakeholders and ensure compliance with risk governance
  • Stay up-to-date with industry issues and developments to ensure business processes and strategies are in line with the industry
Requirements
  • Strong knowledge of UK Defined Benefit pensions
  • Familiarity with bulk annuity market and products
  • Understanding of capital modelling and profit testing
  • Experience of managing stakeholders
  • Strong communication skills (able to communicate technical issues to senior people including non-actuaries)
  • Understanding and ability to implement/maintain an actuarial control framework
  • Qualified actuary
About Canada Life Limited

Canada Life Limited is a leading provider of retirement, investment, and protection solutions. We are committed to helping our customers build better futures and are proud of our reputation for excellence and integrity.

What We Offer
  • A competitive salary and benefits package
  • A comprehensive reward package including a generous pension and bonus scheme
  • Income protection, private medical insurance, and life assurance
  • A range of training and development opportunities
  • A flexible working environment
Our Culture

We are a values-driven organization that is committed to doing the right thing for our people, customers, and community. Our culture is built on a set of core values that include being curious, owning the outcome, facing into things together, and finding a way forward.