Senior Actuarial Trainee (Re-Insurance)

Location: Can be located in the London, Potters Bar, Bristol office (there is an expectation of minimum 2 days per week to be in an office).

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 since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Job Purpose

Canada Life UK are currently looking for a part qualified actuary to support the newly established Reinsurance Operations Team. As part of the reinsurance operations team, you will have the opportunity to support regular reinsurance reporting as well as integrating new reinsurance treaties into the reporting framework. The role will also look to provide support to the optimisation and modernisation of the reinsurance reporting processes. You will also have the opportunity to work closely with other teams within the Finance Accounting & Reporting department, as well as the Financial Planning and Analysis, Actuarial Support, Pricing and Risk functions. There will also be opportunities to liaise with reinsurers with the support of manager.

Key Accountabilities

• Produce, assist with or review the production and interpretation of financial analysis within their line of business or function.
• Produce, or assist in the production, of regular departmental, business or regulatory reports taking into account commercial and statutory considerations.
• Support accurate and insightful commentary to immediate line management.
• Support and make recommendations on the continuous improvement of reinsurance reporting processes.
• Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme.

Desired Knowledge / Experience / Skills

• 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.
• Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.
• 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.

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.

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.