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- Tasks: Lead actuarial reporting and analysis for group, management, and regulatory purposes.
- Company: Join Canada Life, a leader in the insurance industry with a commitment to diversity.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and ongoing development.
- Other info: Embrace a culture of continuous improvement and professional growth.
- Why this job: Make a real impact by leading a high-performing team in a dynamic environment.
- Qualifications: Qualified Actuary FIA with experience in actuarial reporting and strong leadership skills.
The predicted salary is between 70000 - 90000 £ per year.
Location: London
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.
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 to focus on it.
Actuarial Reporting Team Lead employer: Canada Life
Contact Detail:
Canada Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Reporting Team Lead
✨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 IFRS 17 and Solvency II knowledge. Be ready to discuss how you've tackled complex actuarial challenges in the past. We want to see your problem-solving skills shine!
✨Tip Number 3
Show off your leadership chops! Think of examples where you've led a team or improved processes. We love candidates who can inspire others and drive efficiency in their work.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Canada Life.
We think you need these skills to ace Actuarial Reporting Team Lead
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with IFRS 17 and Solvency II. We want to see how your skills align with the role, so don’t hold back on showcasing your actuarial expertise!
Showcase Your Leadership Skills: As a Team Lead, we’re looking for someone who can inspire and guide others. Share examples of how you've led teams in the past, focusing on your coaching and development experiences. This will help us see your potential fit for our collaborative culture.
Be Clear and Concise: When writing your application, clarity is key! Use straightforward language to explain your achievements and experiences. We appreciate well-structured applications that get straight to the point, especially when discussing complex actuarial concepts.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Canada Life
✨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, as you'll need to communicate effectively with senior leadership.
✨Showcase Your Leadership Skills
Since this role involves leading a team, think about examples from your past where you've successfully managed a team or project. Highlight your coaching style and how you foster a collaborative environment, as this will demonstrate your ability to lead and develop others.
✨Prepare for Technical Questions
Expect to face technical questions related to actuarial valuation rules and reporting requirements. Practise explaining your thought process and the methodologies you use, as well as any challenges you've faced and how you overcame them.
✨Demonstrate Continuous Improvement Mindset
Be ready to discuss how you've championed efficiency and process improvements in your previous roles. Share specific examples of how you've streamlined processes or eliminated duplication, as this aligns with the company's focus on continuous improvement.