At a Glance
- Tasks: Lead actuarial reporting and analysis for group, management, and regulatory needs.
- Company: Join Canada Life UK, a modern and agile organisation focused on building better futures.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Other info: Diversity and inclusion are at our core; we value unique perspectives and experiences.
- Why this job: Make a real impact in a collaborative environment while developing your actuarial skills.
- Qualifications: Qualified actuary with experience in actuarial reporting and strong communication skills.
The predicted salary is between 70000 - 90000 € 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 Summary: The Actuarial Reporting Team Lead is responsible for leading the delivery of actuarial review and analysis for group, management, regulatory and statutory reporting. The role combines strong technical actuarial capability with team leadership, ensuring high quality outputs, effective controls, and clear explanations of results. The role is hands on and delivery focused, leading a team to deliver in a clear, timely and controlled manner.
What will you be doing:
- Actuarial Reporting & Delivery: Lead the consolidation, review and delivery of actuarial results for IFRS 17, Solvency II and internal management reporting. Oversee timely and accurate quarterly reporting, working closely with the Head of Modelling & Production and escalating issues to senior management where needed. Manage the production and review of Solvency II Own Funds, Matching Adjustment PLAs and Quantitative Reporting Templates (QRTs). Deliver actuarial reporting across multiple frameworks including PRA returns, CIFRS, LICAT and UK GAAP.
- Analysis & Insight: Analyse experience, assumption changes and key drivers of results, translating complex outcomes into clear, meaningful insights. Prepare high quality presentations and reports, including explaining IFRS 17 and Solvency II technical provisions to senior leadership in the UK and Canada.
- Controls, Governance & Audit: Maintain robust documentation, controls and evidence to meet internal standards and external audit requirements. Lead responses to audit queries and internal reviews, resolving issues efficiently and professionally.
- Team Leadership & Development: Provide day to day leadership, coaching and technical oversight to qualified actuaries and trainees. Set direction, review work and ensure actuarial and accounting principles are consistently applied. Manage performance, support development and foster a collaborative, high performing team culture.
- Process Improvement: Champion efficiency and continuous improvement across actuarial reporting processes. Work closely with reporting and production teams to streamline processes and eliminate duplication.
- Technical Oversight: Lead expense basis reviews and obtain Actuarial Oversight Function sign off. Review and sign off results across reporting bases to ensure appropriateness and consistency.
What Experience will you have:
- Experience of working in an actuarial reporting team within a life insurance company.
- Good knowledge of IFRS 17 and SII frameworks.
- In depth knowledge and experience of actuarial valuation rules, requirements and techniques.
- Able to build relationships and gain trust and respect at all levels.
- Strong attention to detail and ability to review actuarial work to a high standard.
- Confidence using actuarial models, spreadsheets and reporting tools.
- Strong organisational skills and a proven track record at delivering reporting requirements under tight deadlines.
- Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences including non-actuaries).
- Proven track record of leading a team.
- Demonstrates a continuous improvement mindset.
Qualifications: Qualified Actuary FIA
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 Reporting Team Lead - Canada Life Limited in London employer: Canada Life Limited
Canada Life UK is an exceptional employer that prioritises the well-being and development of its employees, offering a competitive salary and comprehensive benefits package, including a generous pension scheme and private medical insurance. With a strong commitment to diversity and inclusion, the company fosters a collaborative and supportive work culture where team members are encouraged to grow professionally and personally, making it an ideal place for those seeking meaningful and rewarding careers in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Reporting Team Lead - Canada Life Limited in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on IFRS 17 and Solvency II. We want to see that you can explain complex concepts clearly, so practice breaking down technical jargon into simple terms.
✨Tip Number 3
Show off your leadership skills! Think of examples where you've led a team or improved processes. We love candidates who can demonstrate their ability to foster collaboration and drive results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Actuarial Reporting Team Lead - Canada Life Limited in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Actuarial Reporting Team Lead role. Highlight your experience with IFRS 17 and Solvency II, and show how your skills align with what we’re looking for at Canada Life.
Showcase Your Leadership Skills:Since this role involves leading a team, don’t forget to mention your previous leadership experiences. Share examples of how you’ve coached or developed others, and how you’ve fostered a collaborative environment.
Be Clear and Concise:When writing your application, keep it straightforward. Use clear language to explain your technical skills and experiences, especially when discussing complex actuarial concepts. We want to see that you can communicate effectively with both technical and non-technical audiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Canada Life Limited
✨Know Your Actuarial Stuff
Make sure you brush up on your knowledge of IFRS 17 and Solvency II frameworks. Be ready to discuss how these regulations impact actuarial reporting and be prepared to explain complex concepts in simple terms. This will show that you not only understand the technical side but can also communicate it effectively.
✨Showcase Your Leadership Skills
As a potential team lead, it's crucial to demonstrate your leadership experience. Prepare examples of how you've successfully led teams in the past, focusing on coaching and developing talent. Highlight any processes you've improved or efficiencies you've championed to show your proactive approach.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and ability to handle tight deadlines. Think of specific scenarios where you've had to manage reporting under pressure or resolve audit queries. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Engage with Their Culture
Canada Life values a collaborative and inclusive culture, so be ready to discuss how you align with their values. Share your thoughts on diversity and inclusion in the workplace and how you’ve contributed to a positive team environment in your previous roles. This will resonate well with their commitment to building better futures.
