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- Tasks: Join our actuarial student scheme and gain diverse experience across various business areas.
- Company: Canada Life UK, a modern and agile organisation focused on building better futures.
- Benefits: Competitive salary, generous pension, private medical insurance, and professional development opportunities.
- Why this job: Make a real impact in a supportive environment while working towards your actuarial qualifications.
- Qualifications: Student actuary with strong technical skills and a passion for problem-solving.
- Other info: Flexible working arrangements available to support your work-life balance.
The predicted salary is between 36000 - 60000 £ per year.
Location: London. 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
This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business. The first rotation for this role will be within the Capital and Liquidity team, within the Chief Actuary team. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team - e.g. pricing or valuation.
Key Accountabilities
- Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime based around IFRS17) and economic capital requirements.
- Contribute to an effective Enterprise Risk Management (ERM) Framework by producing Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.
- Regular monitoring of the capital & liquidity positions and contribute to the development capital and liquidity plans.
- Contribute to the production of sensitivity testing to support various requirements including liaising with the actuarial modelling team on capital modelling and SST requirements, and development needs.
Desired Knowledge / Experience / Skills
- Student actuary who has already worked within an actuarial department.
- Strong technical skills including either financial reporting, Solvency II or LICAT (Canadian)/IFRS17 knowledge/experience.
- Understanding of the UK regulatory environment.
- Delivery focused and able to take a pragmatic solution if required.
- Ability to apply actuarial techniques to business problems and to see wider implications.
- Proven ability to act independently as well as working as part of a wider team.
- Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).
- Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.
- Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and useful.
- Qualifications: Completion or near-completion of all Core Technical actuarial examinations (or equivalent).
- Good working knowledge of MS Excel.
- Some experience with Databricks and/or Python would be desirable, but not essential.
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. "At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK
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.
Senior Actuarial Trainee in Potters Bar employer: Canada Life Group Ltd
Contact Detail:
Canada Life Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee in Potters Bar
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Interview
Prepare for your interviews by practising common actuarial questions and scenarios. Think about how you can showcase your technical skills and experience in financial reporting or Solvency II. Remember, we want to see your personality shine through, so be yourself and show us your passion for the role!
✨Show Off Your Skills
When you get the chance, demonstrate your technical expertise, especially in areas like capital modelling or SST analyses. Bring examples of your work or projects you've been involved in. We love seeing how you apply your knowledge to real-world problems, so make sure to highlight that!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining Canada Life UK and being part of our mission to build better futures.
We think you need these skills to ace Senior Actuarial Trainee in Potters Bar
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Actuarial Trainee role. Highlight your relevant experience, especially any work within an actuarial department, and showcase your technical skills related to financial reporting and Solvency II.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining Canada Life and how your background aligns with our mission of building better futures for customers and colleagues.
Showcase Your Communication Skills: Since strong communication is key, make sure to demonstrate your ability to articulate complex issues clearly in your application. This will show us that you can effectively engage with both technical and non-technical audiences.
Apply Through Our Website: We encourage you to apply through our website for a seamless application process. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for the role!
How to prepare for a job interview at Canada Life Group Ltd
✨Know Your Numbers
As a Senior Actuarial Trainee, you'll need to be comfortable with financial reporting and capital requirements. Brush up on Solvency II and LICAT regulations, and be ready to discuss how these impact the business. Show that you can apply your technical skills to real-world scenarios.
✨Communicate Clearly
Strong communication skills are key in this role. Practice explaining complex actuarial concepts in simple terms, especially for non-actuaries. This will demonstrate your ability to articulate technical issues clearly, which is crucial when liaising with senior audiences.
✨Show Your Curiosity
Canada Life values curiosity and a proactive approach. Prepare questions about the company’s transformation towards a customer-focused business. This shows you're engaged and eager to contribute to their mission of building better futures.
✨Demonstrate Team Spirit
While independence is important, teamwork is equally valued. Be ready to share examples of how you've successfully collaborated in previous roles. Highlight your ability to work within a team while also taking initiative on your own.
