Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our BPA team to implement strategies and build relationships with stakeholders.
- Company: Canada Life UK is a leading provider of retirement, investment, and protection solutions since 1903.
- Benefits: Enjoy a competitive salary, generous pension, bonus scheme, and flexible working options.
- Why this job: Be part of a culture that values curiosity, collaboration, and personal growth while making a social impact.
- Qualifications: Must be a qualified actuary with experience in UK Defined Benefit pensions and strong communication skills.
- Other info: We prioritise diversity and inclusion, welcoming applicants from all backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
Location: Bristol, London or Potters Bar 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
There is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) Proposition and Projects team. The role is to ensure that the proposition strategy and arrangements are appropriately implemented within BPA business unit. It will involve building relationships with external parties and working with colleagues across the Company.
Key Accountabilities
- Execution of the proposition strategy so that the company can competitively deliver its BPA business.
- Responsible for implementation of proposition changes in BPA and communication of these changes to key stakeholders (e.g., Propositions & Projects Director BPA, Business Development Director, Head of BPA Proposition, BPA Managing Director, CFO) and committees in an appropriate manner.
- Maintain and develop relationships with a wide range of external stakeholders as appropriate e.g. external legal consultants, 3rd party providers etc.
- Being a subject matter expert for BPA proposition and working with a range of internal departments to make sure arrangements are fully understood and implemented across the business.
- Contribute fully to the BPA Proposition & Projects team including regular updates at team meetings and training to colleagues as required.
- Ensuring governance and processes are in place in line with CLL Policies and Standards.
Desired Knowledge / Experience / Skills
- Strong knowledge of UK Defined Benefit pensions.
- Familiarity with BPA market, products and reinsurance structures.
- Understanding of pricing, capital modelling and profit testing.
- Ability to build relationships with people at all levels (internal and external).
- Strong negotiation and communication skills (can communicate technical issues to senior people including non-actuaries).
- Understanding and ability to implement/maintain an actuarial control framework.
Qualifications:
- Qualified Actuary (with relevant post-qualification experience).
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.
Contact Detail:
Canada Life Group (UK) Ltd (The) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary
✨Tip Number 1
Familiarise yourself with the UK Defined Benefit pensions landscape. Understanding the nuances of this area will not only help you in interviews but also demonstrate your commitment to the role and the company.
✨Tip Number 2
Network with professionals in the BPA market. Attend industry events or join relevant online forums to connect with others in the field. This can provide insights into current trends and may even lead to referrals.
✨Tip Number 3
Brush up on your negotiation and communication skills. Since the role involves liaising with various stakeholders, being able to convey complex actuarial concepts clearly will set you apart from other candidates.
✨Tip Number 4
Research Canada Life's culture and values. Understanding their commitment to diversity, inclusion, and employee development will help you align your responses during interviews and show that you're a good fit for their team.
We think you need these skills to ace Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the actuary position at Canada Life. Familiarise yourself with the BPA market and the specific skills they are looking for, such as knowledge of UK Defined Benefit pensions and strong communication abilities.
Tailor Your CV: Customise your CV to highlight relevant experience and qualifications that align with the job description. Emphasise your actuarial qualifications, post-qualification experience, and any specific projects or roles that demonstrate your expertise in pricing, capital modelling, and relationship building.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of Canada Life's values and culture. Mention how your skills can contribute to their mission of creating better futures for customers and colleagues.
Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application demonstrates attention to detail, which is crucial in an actuarial role.
How to prepare for a job interview at Canada Life Group (UK) Ltd (The)
✨Understand the BPA Market
Make sure you have a solid grasp of the Bulk Purchase Annuity (BPA) market, including its products and reinsurance structures. This knowledge will help you demonstrate your expertise and show that you're well-prepared for the role.
✨Showcase Your Communication Skills
Since the role involves communicating technical issues to senior stakeholders, practice explaining complex actuarial concepts in simple terms. This will highlight your ability to engage with non-actuaries effectively.
✨Build Relationships
Prepare examples of how you've successfully built relationships with external parties or colleagues in previous roles. This will illustrate your interpersonal skills and your ability to collaborate across departments.
✨Demonstrate Governance Knowledge
Familiarise yourself with actuarial control frameworks and governance processes. Be ready to discuss how you would implement and maintain these standards within the BPA business unit.
