Senior Actuary

2 weeks ago

Potters Bar, Hertfordshire, United Kingdom Canada Life Limited Full time
Job Purpose:

We are seeking a qualified actuary to join our bulk annuity pricing team at Canada Life UK. As a key member of the team, you will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.

Key Accountabilities:
- 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

Desired Knowledge / Experience / Skills:
- 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 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.

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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