Actuary (Actuarial Investment Team)

Location: London.

Job Purpose

You will play a key role in shaping how we manage and optimise a £22bn investment portfolio across the Canada Life Group UK (Canada Life Limited) and Ireland (Irish Life) entities. You will work closely with the wider Investment Function and Commercial’s Pricing sub‑function to design and implement optimal asset strategies for new business, including pricing for strategic third‑party bulk annuity transactions. This role reports to the Head of Actuarial Investment Strategy and would suit a recently qualified actuary with experience in life insurance, pensions or investments. If you are a recently qualified actuary who wants to work at the heart of investment strategy, balance sheet management and annuity pricing, we would be keen to hear from you.

Key Accountabilities

• Shape and refine asset strategy and asset mix in partnership with the Head of Actuarial Investment Strategy and the wider Investment Function, taking into account the relative attractiveness of assets under Canadian, UK and EU regulatory regimes.
• Deliver clear, meaningful actuarial investment information to multiple internal stakeholder teams, meeting Service Level Agreements (SLAs) with Irish Life and Pricing.
• Drive improvements in the optimisation and day‑to‑day operation of the Matching Adjustment Portfolio, including regular asset/liability projections, development of rebalancing proposals, evaluation and recommendation of new asset classes, and regular reporting on trading activity and rationale.
• Help set appropriate investment targets and guidelines for investment managers, and make proposals to manage effectively the impact of trading and liability changes each quarter.
• Continuously enhance the Actuarial Investment Team’s models, processes and procedures to ensure timely, accurate and efficient delivery of services.

Desired Knowledge / Experience / Skills

• Strong understanding of asset classes and investment strategies suitable for matching life insurance liabilities.
• Good knowledge of Solvency UK, Solvency II and the Matching Adjustment; knowledge of IFRS 17 and bulk annuities is beneficial but not essential.
• Effective communication skills, with the ability to articulate technical and complex issues clearly, both verbally and in writing, to senior audiences including non‑actuaries.
• Familiarity with using PowerBI to present data and analysis is viewed favourably.
• Ability to develop and evaluate solutions to complex technical problems, make recommendations and implement agreed actions with the Head of Actuarial Investment Strategy and other key stakeholders.
• Demonstrates personal drive, energy, persistence, self‑motivation and awareness of wider business needs.
• Proven ability to build sound, trusted relationships within and outside the team and to manage multiple stakeholders successfully.
• Demonstrates an understanding of actuarial control frameworks and governance requirements, with the ability to implement and maintain these in practice.
• Track record of delivering high‑quality work under tight time pressure.
• A good working knowledge of Python and VBA is viewed favourably.
• Experience of managing actuarial students is beneficial but not essential.

Qualifications

• Fellow of the Institute and Faculty of Actuaries (or equivalent).

Benefits

Competitive salary and comprehensive reward package including a generous pension and bonus scheme, income protection, private medical insurance and life assurance.