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- Tasks: Join us as an Actuarial Analyst, reviewing pension data and creating insightful reports.
- Company: Canada Life UK is a leading provider of retirement and investment solutions since 1903.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Be part of a dynamic team focused on customer impact and professional growth in a supportive culture.
- Qualifications: Strong technical skills and a basic understanding of pension schemes are essential.
- Other info: We value diversity and offer flexible working arrangements to suit your lifestyle.
The predicted salary is between 28800 - 43200 £ per year.
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.
About Canada Life UKWe’re market leaders and proud of the work we do. We provide retirement, investment and protection solutions to 3.5 million cus…
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BPA Actuarial Analyst | Potters Bar, UK employer: Canada Life Limited
Contact Detail:
Canada Life Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BPA Actuarial Analyst | Potters Bar, UK
✨Tip Number 1
Familiarise yourself with Defined Benefit pension schemes and the relevant legislative requirements. This knowledge will not only help you understand the role better but also demonstrate your commitment to the field during interviews.
✨Tip Number 2
Network with current or former employees of Canada Life UK, especially those in actuarial roles. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application and interviews.
✨Tip Number 3
Brush up on your technical skills related to actuarial modelling and reporting tools. Being able to discuss specific software or methodologies you are familiar with can set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your communication skills by practising how 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 BPA Actuarial Analyst | Potters Bar, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the BPA Actuarial Analyst role. Focus on your understanding of Defined Benefit pension schemes and any technical skills you possess.
Craft a Strong Cover Letter: Write a cover letter that clearly explains why you are interested in the position and how your background makes you a suitable candidate. Mention your ability to communicate complex actuarial concepts effectively.
Showcase Your Analytical Skills: In your application, provide examples of how you've applied analytical techniques to solve business problems. This could include any relevant projects or experiences where you demonstrated your problem-solving abilities.
Highlight Team Collaboration: Emphasise your experience working in teams and your ability to build relationships across different levels. Mention any specific instances where you contributed to team success or improved processes.
How to prepare for a job interview at Canada Life Limited
✨Understand the Role
Make sure you have a solid grasp of what the BPA Actuarial Analyst role entails. Familiarise yourself with pension scheme reports, actuarial concepts, and the specific responsibilities mentioned in the job description. This will help you answer questions confidently and demonstrate your genuine interest in the position.
✨Showcase Your Technical Skills
Highlight your technical skills related to Defined Benefit pension schemes and your understanding of the UK regulatory environment. Be prepared to discuss how you've applied these skills in previous roles or projects, even if they were during your training.
✨Communicate Clearly
Since strong communication skills are essential for this role, practice explaining complex actuarial concepts in simple terms. You might be asked to present your thoughts on a technical issue, so being able to articulate your ideas clearly will set you apart.
✨Demonstrate Teamwork and Collaboration
Canada Life values collaborative working, so be ready to share examples of how you've worked effectively in teams. Discuss any experiences where you contributed to group projects or helped improve processes, as this aligns with their focus on customer-centric solutions.
