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- Tasks: Join our BPA team to review calculations and develop internal models.
- Company: Canada Life UK, a modern and agile organisation focused on customer needs.
- Benefits: Competitive salary, supportive culture, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on innovation and customer satisfaction.
- Why this job: Make a real impact in the financial sector while working with a collaborative team.
- Qualifications: Qualified Actuary with experience in BPA and strong technical skills.
The predicted salary is between 55000 - 65000 £ per year.
Location: Bristol, but would also consider London and Hertfordshire.
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: An opportunity has become available for a Qualified Actuary to join our BPA team. This would suit a newly qualified Actuary who has BPA experience.
Key Accountabilities:
- Responsible for reviewing and approving deferred member option calculations.
- Maintaining and developing internal models to support deferred member option calculations.
- Checking and responding to internal and external technical queries with existing schemes and their advisors.
- Supporting business development and proposition teams to continually improve offering in relation to deferred member options.
- Providing direction and guidance to a team to ensure all actuarial principles are understood.
- Collaborative working across Canada Life and third-party administrator to drive forward new processes and ensure efficient systems and process are in place.
- Ensure decisions taken with Customer focus and building relationships across the industry.
- Adopt and consistently act in line with our Blueprint (behaviours and strategic drivers).
Desired Knowledge / Experience / Skills:
- Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements.
Actuary (BPA Operations) | London, UK employer: Canada Life Limited
Contact Detail:
Canada Life Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (BPA Operations) | London, UK
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work at Canada Life or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and knowledge of Defined Benefit pension schemes. We recommend practising common actuarial interview questions and scenarios to show off your expertise.
✨Tip Number 3
Don’t just apply through job boards; head over to our website and submit your application directly. This shows initiative and gives you a better chance of standing out from the crowd.
✨Tip Number 4
Follow up after interviews with a thank-you email. It’s a simple gesture that keeps you fresh in the interviewer's mind and shows your enthusiasm for the role. Plus, it’s a great way to reiterate your fit for the position!
We think you need these skills to ace Actuary (BPA Operations) | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role. Highlight your BPA experience and any relevant skills that match the job description. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at Canada Life UK. Let us know what makes you the perfect fit!
Showcase Your Technical Skills: Since this role requires strong technical skills, don’t shy away from showcasing your knowledge of Defined Benefit pension schemes. We love seeing candidates who can demonstrate their expertise clearly.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Canada Life Limited
✨Know Your Numbers
As an actuary, you'll be dealing with complex calculations and data. Brush up on your technical skills related to Defined Benefit pension schemes and be ready to discuss specific examples of how you've applied these in past roles. This will show your expertise and confidence.
✨Understand the Company Culture
Canada Life UK values a customer-focused approach and collaborative working. Research their recent initiatives and think about how you can contribute to their transformation goals. Be prepared to share how your values align with theirs during the interview.
✨Prepare for Technical Questions
Expect questions that test your understanding of actuarial principles and deferred member options. Practice explaining complex concepts in simple terms, as this will demonstrate your ability to communicate effectively with both technical and non-technical stakeholders.
✨Showcase Your Team Spirit
Collaboration is key in this role. Think of examples where you've successfully worked in a team to solve problems or improve processes. Highlighting your ability to guide and support others will resonate well with the interviewers, especially since they value building relationships across the industry.