Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join us as an Actuarial Analyst, reviewing pension data and creating insightful reports.
- Company: Canada Life UK has been supporting individuals and businesses since 1903, focusing on better futures.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Be part of a customer-focused team that values curiosity, collaboration, and personal growth.
- Qualifications: Strong technical skills in Defined Benefit pension schemes and excellent communication abilities are essential.
- Other info: We embrace diversity and offer flexible working arrangements to support your unique needs.
The predicted salary is between 28800 - 43200 £ per year.
Job Description
Location: Hertfordshire, Bristol or London Office.
Please note this position is not part of the Canada Life Actuarial Trainee scheme and does not provide study support.
This role would suit entry level analysts or former actuarial trainees that have decided to stop taking actuarial exams.
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:
As part of growing our BPA business we are looking for a number of analysts roles to support our Operations, Pricing and Proposition & Projects teams.
Key Accountabilities:
• Review of pension scheme reports/data to put together data schedules and benefit specifications between Canada Life and Scheme Trustees. To ensure data and benefit specifications are complete and accurate in all respects including legislative requirements.
• Using your understanding of actuarial concepts and models to calculate premiums and/or premium true-ups, trivial commutations and other member options using actuarial processes, modelling systems, spreadsheets, and reporting tools.
• Create quality reports to ensure strong understanding of results, analysis and to allow the appropriate processing of downstream activities for example, administration updates, reinsurance accounting ,premium changes, project plans and resource tracking.
• Support the review of products, processes and/or reporting of BPA function and/or market. E.g. supporting business readiness activity. Proactively identifying and suggest improvements to line management.
• Clear and accurate written and verbal communication of data, actuarial and modelling reports to line management and wider business. E.g. Project initiation documents, KIRA etc.
• Working in a team with great diligence to ensure the modelling of data is accurate and complete.
• Collaborative working across Canada Life to ensure efficient systems and process are in place.
• Ensure decisions taken with Customer focus and supporting customer proposition from a pricing perspective.
• Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers)
Desired Knowledge / Experience / Skills:
• Strong technical skills with an awareness of Defined Benefit pension schemes and the legislative requirements of pension schemes.
• Awareness and basic understanding of the UK regulatory environment.
• Able to build relationships and gain trust and respect at all levels.
• Demonstrates personal drive, energy, persistence, self -motivation and awareness of the part played in the wider business.
• Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).
• Ability to apply actuarial techniques to business problems and to see wider implications.
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.
Actuarial Analyst - Canada Life Limited employer: Canada Life Limited
Contact Detail:
Canada Life Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Canada Life Limited
✨Tip Number 1
Familiarise yourself with Defined Benefit pension schemes and the relevant legislative requirements. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with current or former employees of Canada Life, especially those in actuarial roles. They can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss how you can contribute to a customer-focused business. Think of examples from your past experiences where you’ve successfully prioritised customer needs or improved processes.
✨Tip Number 4
Showcase your communication skills by being ready to explain complex actuarial concepts in simple terms. This is crucial as the role requires clear communication with both technical and non-technical audiences.
We think you need these skills to ace Actuarial Analyst - Canada Life Limited
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the key accountabilities of the Actuarial Analyst role. Emphasise any experience with pension schemes, actuarial processes, and data analysis.
Craft a Strong Cover Letter: Write a cover letter that clearly explains your motivation for applying to Canada Life Limited. Mention how your background and skills make you a suitable candidate for the position, and express your enthusiasm for contributing to their customer-focused business.
Showcase Communication Skills: Since strong communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex information in previous roles or projects, both verbally and in writing.
Highlight Teamwork Experience: Demonstrate your ability to work collaboratively by including examples of past teamwork experiences. Discuss how you contributed to team success and how you can bring that collaborative spirit to Canada Life.
How to prepare for a job interview at Canada Life Limited
✨Understand the Role
Make sure you have a solid grasp of what an Actuarial Analyst does, especially in relation to pension schemes and the specific responsibilities outlined in the job description. Familiarise yourself with terms like 'premium true-ups' and 'benefit specifications' to demonstrate your knowledge during the interview.
✨Showcase Your Technical Skills
Be prepared to discuss your technical skills, particularly your understanding of actuarial concepts and modelling systems. You might be asked to explain how you would approach calculating premiums or creating reports, so think through examples from your past experience that highlight these abilities.
✨Communicate Clearly
Since strong communication skills are essential for this role, practice explaining complex actuarial concepts in simple terms. You may need to convey technical information to non-actuaries, so being able to articulate your thoughts clearly will set you apart.
✨Demonstrate Teamwork and Collaboration
Canada Life values collaborative working, so be ready to share examples of how you've successfully worked in teams. Highlight any experiences where you contributed to group projects or helped improve processes, as this aligns with their focus on customer-centric solutions.
