Actuarial Trainee
2 weeks ago
We are seeking a part-qualified actuary to join our Reinsurance Operations Team at the Canada Life Group (UK) Ltd. As an actuarial trainee, you will have the opportunity to support regular reinsurance reporting, integrate new reinsurance treaties into our framework, and contribute to the optimisation and modernisation of our reinsurance reporting processes.
The role involves working closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions. You will also have opportunities to liaise with reinsurers with the support of your manager.
Key Responsibilities
- Produce, assist with, or review the production and interpretation of financial analysis within their line of business or function.
- Supporting the production of the reinsurance accounts.
- Supporting the delivery of regular reinsurance deliverables to reinsurers.
- Embedding of new reinsurance treaties into the reporting framework.
- Produce, or assist in the production, of regular departmental, business or regulatory reports taking in to account commercial and statutory considerations.
- Support accurate and insightful commentary to immediate line management. The role holder will be developing sound understanding of statistical and financial models as well as the ability to practically and tangibly interpret analysis and make recommendations.
- Support and make recommendations on the continuous improvement of reinsurance reporting processes, taking into account up-to-date industry developments and issues to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders.
- Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with company study policy.
Requirements
To succeed in this role, you should have:
- A degree (or equivalent) in Finance, Mathematics, Statistics or related field.
- Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential).
- Strong analytical and report writing/drafting skills.
- Ability to explain complexities in a straightforward and accurate way with coaching or support from managers.
- Intermediate to advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.
- Ability to develop and modify actuarial systems and spreadsheets, developing understanding of their commercial application/implication.
- Ability 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.
- Proactive in approach to tasks and taking on new responsibilities.
- An interested and inquisitive individual who is committed to their own ongoing professional and personal development.
Salary and Benefits
Our competitive salary package includes a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. We offer a range of training, flexible working and opportunities to grow and develop.
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