At a Glance
- Tasks: Support pricing and execution of bulk annuity transactions while collaborating with diverse teams.
- Company: Join Canada Life UK, a modern and inclusive organisation focused on building better futures.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and professional development opportunities.
- Other info: Flexible working arrangements available to support work-life balance.
- Why this job: Make a real impact in the financial sector while developing your actuarial skills.
- Qualifications: Strong numerical and analytical skills, with experience in data manipulation and MS Excel.
The predicted salary is between 55000 - 65000 £ per year.
Location: Can be located in Bristol, Watford or London 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
This role is in the BPA New Business Pricing team, where you will work with other team members to support the pricing and execution of bulk annuity transactions. The role requires an understanding of defined benefit pensions to accurately manipulate, interpret and check data, model liability cashflows, and understand business metrics relating to profit and capital.
Key Accountabilities
- Support the pricing and execution of bulk annuity transactions
- Accurate and complete data manipulation and subsequent modelling of scheme benefits
- Actively identify areas of opportunity to improve pricing tools and process efficiency
- Work collaboratively and effectively with wider BPA teams, such as BPA reinsurance, Data Verification and Member Options. An ability to adapt working techniques to cater to different individuals' and teams' requirements to achieve desired outcomes
- Understand and apply technical actuarial techniques, with an awareness of business and commercial impacts of pricing decisions
General responsibilities
- Development and maintenance of bulk annuity pricing methodologies and models in accordance with Technical Actuarial Standards (where relevant) and End User Computing requirements.
- Contribute to a collaborative and inclusive team culture
- Understanding of risk management, in relation to risks relevant to this role. Follow appropriate risk management procedures to control, monitor and report on business activities, and escalate key risks or issues appropriately
- Understanding and ability to implement and maintain an actuarial control framework and meet governance requirements
- Compliance with Company policies and regulatory, professional and legal requirements
Desired Knowledge / Experience / Skills
- Demonstrable numerical, analytical, problem-solving and data manipulation skills, with attention to detail and an ability to identify issues and interdependencies
- Advanced working knowledge of MS Excel. Experience of Prophet is advantageous.
- Experience of working with complex data, with a demonstrable ability to make conclusions and communicate recommendations effectively
- Strong, clear and timely oral and written communication to internal and external stakeholders
- Excellent project management skills, working effectively both independently and as part of a team
- A demonstrable interest in Bulk Purchase Annuities, with a knowledge of defined benefit pension schemes and bulk annuity transactions
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.
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.
BPA Senior Actuarial Analyst in Watford employer: Canada Life UK
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 employees are encouraged to grow professionally and personally, making it an ideal place for those seeking meaningful and rewarding careers in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land BPA Senior Actuarial Analyst in Watford
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life UK on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can seriously boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of defined benefit pensions and bulk annuity transactions. Show us you know your stuff and can talk confidently about how you can contribute to the BPA New Business Pricing team.
✨Tip Number 3
Practice your communication skills! You’ll need to convey complex data clearly, so try explaining actuarial concepts to a friend or family member. The clearer you are, the more impressive you'll be in the interview.
✨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 at Canada Life UK.
We think you need these skills to ace BPA Senior Actuarial Analyst in Watford
Some tips for your application 🫡
Know the Role Inside Out:Before you start writing your application, make sure you really understand what the BPA Senior Actuarial Analyst role is all about. Dive into the job description and highlight key responsibilities and skills that resonate with your experience. This will help you tailor your application to show us you're the perfect fit!
Show Off Your Skills:When you're crafting your application, don’t hold back on showcasing your numerical, analytical, and problem-solving skills. Use specific examples from your past experiences to demonstrate how you've successfully tackled similar challenges. We want to see how you can bring value to our team!
Be Clear and Concise:We appreciate clear communication, so make sure your application is easy to read and straight to the point. Avoid jargon unless it’s relevant to the role. Remember, we’re looking for strong written communication skills, so let your personality shine through while keeping it professional!
Apply Through Our Website:Once you’ve polished your application, head over to our website to submit it. Applying directly through our site not only ensures your application gets to us quickly but also shows your enthusiasm for joining Canada Life UK. We can’t wait to hear from you!
How to prepare for a job interview at Canada Life UK
✨Know Your Numbers
As a BPA Senior Actuarial Analyst, you'll be dealing with complex data and numerical analysis. Brush up on your actuarial techniques and ensure you can confidently discuss how you've manipulated and interpreted data in past roles. Be ready to showcase your analytical skills with specific examples.
✨Familiarise Yourself with Bulk Annuities
Understanding bulk purchase annuities is crucial for this role. Do some research on recent trends and challenges in the market. Being able to discuss these topics will show your genuine interest and help you stand out as a candidate who is proactive and informed.
✨Excel Skills are Key
Since advanced Excel skills are a must-have, make sure you're comfortable with functions, pivot tables, and data modelling. Consider preparing a small project or example that demonstrates your proficiency, as this could come in handy during technical discussions.
✨Emphasise Team Collaboration
This role requires working closely with various teams. Prepare to share examples of how you've successfully collaborated in the past, especially in situations where you adapted your working style to meet team needs. Highlighting your ability to work inclusively will resonate well with their company culture.
