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Senior Actuary

2 months ago

Potters Bar, Hertfordshire, United Kingdom Canada Life Group (UK) Ltd (The) Full time
Job Summary

We are seeking a highly skilled Senior Actuary to join our Bulk Annuity Pricing Team at Canada Life Group (UK) Ltd (The). 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
  • Responsible for quotations and providing pricing recommendations for bulk annuity buy-ins and buy-outs
  • Liaising with investment front office to identify suitable assets to support bulk annuity transactions
  • Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations
  • Reviewing legal agreements and contributing to contract negotiations with external stakeholders
  • Supporting business development and relationship management
  • Contributing 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
  • Managing stakeholders and ensuring compliance with risk governance
  • Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry
  • Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business
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
Benefits

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.

Our Culture

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.

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.