At a Glance
- Tasks: Lead a team of actuaries, manage client relationships, and develop innovative bulk annuity solutions.
- 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: Embrace a diverse and inclusive culture that values personal and professional development.
- Why this job: Make a real impact in a growing business while developing your leadership skills.
- Qualifications: Qualified actuary with strong knowledge of UK Defined Benefit pensions and stakeholder management experience.
The predicted salary is between 60000 - 80000 £ per year.
Location: Bristol, London or Watford office
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
There is an opportunity for a qualified actuary to join our growing Bulk Annuity Operations team at Canada Life, a business with a growing presence. This role offers the chance to play a meaningful part in the next phase of our growth by managing a team, developing a scalable bulk annuity proposition for the future and supporting key client relationship management. It provides an excellent opportunity to combine strong technical DB skills with team leadership and stakeholder management, and to have a real, visible impact on outcomes for both our customers and our business.
Key Accountabilities
- Managing a team of actuaries and analysts to produce and review quotations.
- Automating calculations to enable members to self serve as they approach retirement.
- Reviewing legal agreements and contributing to contract negotiations with external stakeholders.
- Supporting business development and relationship management meeting with clients where appropriate.
- Managing stakeholders and ensuring compliance with risk governance.
- Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry.
- Provide appropriate support to managers and others to implement recommendations/facilitate change to support the requirements of the business.
Desired Knowledge / Experience / Skills
- Strong knowledge of UK Defined Benefit pensions
- Familiarity with bulk annuity market and products
- Experience of managing stakeholders
- Strong communication skills (able to communicate technical issues to senior people including non-actuaries)
- Understanding and ability to implement/maintain an actuarial control framework
- Qualified actuary
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.
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.
Locations
Senior Actuary in Bath, Somerset employer: Canada Life UK
Canada Life UK is an exceptional employer, offering a dynamic and inclusive work culture that prioritises the well-being and development of its employees. With a competitive salary and comprehensive benefits package, including generous pension schemes and opportunities for professional growth, employees are empowered to thrive in their careers while making a meaningful impact on customers' futures. The company's commitment to diversity and flexible working arrangements further enhances its appeal, making it a great place to build a rewarding career in the heart of Bristol, London, or Watford.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary in Bath, Somerset
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Canada Life UK. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Actuary in Bath, Somerset
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Canada Life UK.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Canada Life UK's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Canada Life UK
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Canada Life UK.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Canada Life UK will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Canada Life UK employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
