At a Glance
- Tasks: Lead the design of innovative actuarial solutions and ensure effective implementation.
- Company: Join Canada Life, a leader in financial services with a focus on innovation.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and ongoing professional development.
- Other info: Collaborative culture with opportunities for growth and continuous learning.
- Why this job: Make a real impact by bridging business needs and technical solutions in a dynamic environment.
- Qualifications: Degree in Finance/Maths and experience in solution architecture or end-to-end design.
The predicted salary is between 70000 - 90000 £ per year.
The role holder is a leadership role within the Modelling & Production (M&P) function, within Finance, responsible for the end‑to‑end (E2E) design and architecture of actuarial, reinsurance and valuation solutions across the remit of M&P function. This role ensures that all model and system changes are designed holistically across methodology, models, systems, data, processes and reporting, delivering solutions that are robust, scalable, efficient and aligned with both business strategy and regulatory requirements.
The role holder acts as a critical bridge between business stakeholders and technical delivery teams, working closely with Finance, Risk, AFO, IT, Development team, Investments, BPA and others:
- Understand and challenge business requirements
- Translate requirements into clear, structured solution designs
- Ensure effective and accurate implementation across actuarial systems
The Actuarial Solution Architect provides strategic direction on actuarial architecture, drives consistency across modelling platforms, and ensures that solutions enable effective decision‑making, operational efficiency, and regulatory compliance (e.g. Solvency II, IFRS17, USGAAP). The role combines actuarial expertise, architectural thinking, and strong communication skills, supporting both innovation and governance across the actuarial ecosystem.
What Will You Be Doing
- End‑to‑End Solution Design – lead the design of actuarial solutions from an end‑to‑end perspective, covering methodology, modelling platforms, data, aggregation, reporting and controls.
- Maintain internal consistency across the actuarial value chain.
- Define target state architectures aligned to strategic objectives and identify dependencies, risks and optimisation opportunities across systems.
- Requirements Gathering & Stakeholder Engagement – engage directly with stakeholders (Finance, Risk, IT, Investments, Product) to understand business requirements, challenge and refine them to ensure clarity, feasibility and value.
- Translate complex needs into structured, well‑defined solution designs and facilitate alignment across multiple stakeholders with differing priorities.
- Translation to Implementation – produce detailed design documentation and specifications for delivery teams and work closely with development and production teams to ensure clear understanding, feasible implementation, alignment with architecture standards and provide ongoing guidance during implementation.
- Architecture & Standards – define and maintain actuarial architecture principles and standards, drive consistency across model design, data structures and flows, system integrations, and reporting frameworks.
- Governance, Risk & Regulatory Compliance – support model change governance processes, ensure solutions meet risk management standards and control requirements, contribute to regulatory engagement (e.g. PRA submissions) and maintain auditability, traceability and documentation.
- Continuous Improvement & Innovation – identify opportunities to simplify, modernise and optimise actuarial systems, lead or contribute to transformation initiatives and tooling improvements, stay aware of industry trends, tools and regulatory developments, and encourage innovation while maintaining robust control frameworks.
- Leadership & Collaboration – provide technical leadership and guidance to actuarial and delivery teams, foster strong collaboration across actuarial, IT and data functions, and support development of team capability in architecture and design thinking.
What Experience Will You Have For The Position
- Strong knowledge of Solvency II / Internal Models with a proven track record of contributing to change, innovation and optimisation of model components.
- Strong project management skills with the ability to manage multiple priorities and deliver high quality outputs under tight time pressure.
- Strong commercial outlook and the ability to balance model rigour with pragmatic solutions that meet business needs.
- Deep understanding of actuarial systems and modelling platforms.
- Proven experience in solution architecture or end‑to‑end design.
- Strong knowledge of data flows and dependencies, model integration, and reporting frameworks.
- Excellent verbal and written communication skills – ability to translate complex technical concepts into business language and engage with senior stakeholders.
- Strong experience engaging with senior stakeholders and influencing outcomes without direct authority.
- Strong interpersonal and networking skills, with the ability to build and maintain effective relationships across Finance, Risk, Investments, Product and other areas.
- Experience of working collaboratively with second and third line functions (e.g. Risk, Compliance, Internal Audit, Independent Model Validation) to address findings and improve control environment.
- Ability to act with integrity and role model company values, building trust and credibility as a subject matter expert.
- Proven track record of delivery under tight time pressure, prioritising effectively and managing competing demands.
- Self‑motivated, well‑organised and pragmatic, able to work independently, take ownership of issues and drive resolution.
- Able to identify opportunities to enhance the Internal Model and recommend and implement improvements in response to regulatory, market and business developments.
- Experience supporting, guiding or supervising less experienced team members, including review, feedback and on‑the‑job coaching.
- Commitment to maintaining up‑to‑date knowledge of actuarial, market and regulatory developments relevant to Internal Models and capital management, and to sharing this knowledge within the team.
Qualifications
- Undergraduate degree in Finance / Maths (or equivalent experience).
- Fellow of Institute of Actuaries (or equivalent).
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 comprehensive reward package including a generous pension and bonus scheme, income protection, private medical insurance and life assurance, along with a range of other benefits and support services as well as regular personal and professional development.
Actuarial Solution Architect (can be located in Dublin or London) employer: Canada Life UK
At Canada Life, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. Located in vibrant cities like Dublin and London, our team enjoys a comprehensive benefits package, including competitive salaries, generous pensions, and extensive professional development opportunities, ensuring that every employee can thrive and grow in their career while contributing to meaningful projects in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Solution Architect (can be located in Dublin or London)
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We think you need these skills to ace Actuarial Solution Architect (can be located in Dublin or London)
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.
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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.