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- Tasks: Support actuaries with daily tasks and short-term projects, enhancing your skills in a real-world setting.
- Company: Join Canada Life UK, a trusted name in retirement, investment, and protection since 1903.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Gain hands-on experience while contributing to meaningful financial decisions and improving customer service.
- Qualifications: Ideal for maths or statistics students; no prior experience needed, just a passion for problem-solving.
- Other info: Participate in development workshops to enhance both technical and personal skills throughout the internship.
Job closing date: 12th May
Location: London
Dates of Internship: 14th July - 5th September.
Please note: On the application form, under Job specific information you are asked to answer questions that will be assessed as part of your application. Please make sure these sections are completed.
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 is a developmental intern role (8 weeks' duration) suitable for a mathematics / actuary University student. The individual will be performing a combination of daily tasks in support of the team as well as assisting with short-term project work. Tasks may include responding to queries from outside of the department, pulling together and reviewing management information produced in the team. No previous work experience is required however the individual will need to have the mathematical knowledge and initiative to perform the tasks themselves with coaching. As part of the internship, this role will be supported by development workshops in both technical and character skills offering a great opportunity to learn and develop throughout the experience.
Key Accountabilities
- Supporting the Actuaries by actively contributing to development of assigned initiatives including suggesting ideas and ways to move forward.
- Assist in the continuous review and improvement of the department's processes and procedures to ensure the provision of timely, accurate and efficient levels of service.
- Assist in the production of Actuarial reports and management information to enable management to make informed financial decisions and comply with regulatory requirements and management of risk. This will be done via collating data using excel spreadsheets and / or Business Intelligence tools.
- Assist the team in business-as-usual tasks such as managing queries received into the team and ensuring responses are made in an agreed timeframe.
Desired Knowledge / Experience / Skills
- High numeracy, preferred
- Entering/completing final year of Undergraduate degree in Mathematics, Statistics or a related field
- Good problem-solving skills
- Good MS office skills e.g. Excel, Word and PowerPoint
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 Internship - 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 Internship - Canada Life Limited
✨Tip Number 1
Familiarise yourself with the key responsibilities of the role. Understanding how to support actuaries and contribute to initiatives will help you articulate your interest and potential contributions during any discussions.
✨Tip Number 2
Brush up on your Excel skills, as data collation and management information production are crucial for this internship. Being able to demonstrate your proficiency in Excel can set you apart from other candidates.
✨Tip Number 3
Showcase your problem-solving skills by preparing examples of how you've tackled challenges in your studies or projects. This will highlight your initiative and ability to think critically, which is essential for the role.
✨Tip Number 4
Research Canada Life's culture and values, especially their commitment to diversity and inclusion. Being able to discuss how your personal values align with theirs can make a strong impression during interviews.
We think you need these skills to ace Actuarial Internship - Canada Life Limited
Some tips for your application 🫡
Complete Job Specific Information: Make sure to thoroughly answer the questions in the job-specific information section of the application form. These responses will be assessed as part of your application, so take your time to provide thoughtful and relevant answers.
Highlight Relevant Skills: Emphasise your mathematical knowledge and problem-solving skills in your CV and cover letter. Mention any relevant coursework or projects that demonstrate your ability to handle the tasks outlined in the job description.
Show Enthusiasm for Development: Express your eagerness to learn and develop throughout the internship. Mention any previous experiences where you have taken initiative or sought out learning opportunities, as this aligns with Canada Life's focus on personal and professional development.
Tailor Your Application: Customise your CV and cover letter to reflect the values and culture of Canada Life. Highlight your commitment to diversity and inclusion, and how you can contribute to building a better future for customers and colleagues alike.
How to prepare for a job interview at Canada Life Limited
✨Understand the Role
Make sure you thoroughly understand the responsibilities of the Actuarial Internship. Familiarise yourself with the key accountabilities mentioned in the job description, such as supporting actuaries and assisting in the production of reports.
✨Showcase Your Mathematical Skills
Since this role requires a strong mathematical background, be prepared to discuss your relevant coursework or projects. Highlight any experience you have with Excel or other data analysis tools, as these will be crucial for the tasks you'll be performing.
✨Demonstrate Problem-Solving Abilities
Canada Life values good problem-solving skills. Prepare examples from your studies or previous experiences where you've successfully tackled challenges. This will show your initiative and ability to think critically.
✨Emphasise Teamwork and Communication
The internship involves collaborating with others and managing queries. Be ready to discuss how you work in teams and communicate effectively. Share instances where you've contributed to group projects or helped resolve issues within a team setting.
