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- Tasks: Review and approve deferred member option calculations while developing internal models.
- 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.
- Why this job: Make a real impact in the financial sector while collaborating with a supportive team.
- Qualifications: Must be a qualified Actuary with strong technical skills and leadership abilities.
- Other info: Diversity and inclusion are at our core; we value unique perspectives and experiences.
The predicted salary is between 36000 - 60000 £ per year.
Location: Bristol, but will consider applicants who require to be located in our Hertfordshire 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
An opportunity has become available for a Qualified Actuary to join our BPA team. This would suit a newly qualified Actuary who ideally 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 processes 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 and Experience
- Strong technical skills and knowledge of Defined Benefit pension schemes and the legislative requirements of pension schemes.
- Comprehensive understanding of the UK regulatory environment.
- Able to build relationships and gain trust and respect at all levels with strong leadership skills.
- Demonstrates personal drive, energy, persistence and self-motivation and awareness of the part played in the wider business.
- Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences, including non-actuaries).
- Ability to apply actuarial techniques to business problems and to see wider implications.
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.
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." Nick Harding, Chief People Officer, Canada Life UK
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.
Actuary (BPA Members Options) employer: Canada Life
Contact Detail:
Canada Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (BPA Members Options)
✨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 understanding of Defined Benefit pension schemes. We recommend practising common actuarial interview questions and scenarios to showcase your expertise.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance of landing that job! It’s the most direct route and ensures your application gets the attention it deserves. Plus, we love seeing candidates who are proactive!
We think you need these skills to ace Actuary (BPA Members Options)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role. Highlight your relevant experience, especially any BPA work you've done. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Show Off Your Technical Skills: Since this role requires strong technical skills, don’t shy away from showcasing your knowledge of Defined Benefit pension schemes and UK regulations. We’re keen to see how you apply these in real-world scenarios.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Canada Life
✨Know Your Numbers
As an actuary, you'll be dealing with complex calculations and models. Brush up on your technical skills related to Defined Benefit pension schemes and the UK regulatory environment. Be ready to discuss how you've applied these in past roles or projects.
✨Show Your Collaborative Spirit
Canada Life values teamwork and collaboration. Prepare examples of how you've worked with others to drive processes forward or improve systems. Highlight your ability to build relationships and gain trust across different levels of an organisation.
✨Communicate Clearly
Strong communication skills are a must for this role. Practice explaining complex actuarial concepts in simple terms, as you may need to present to non-actuaries. Think about how you can demonstrate your ability to tailor your communication style to different audiences.
✨Embrace the Company Culture
Familiarise yourself with Canada Life's culture and blueprint behaviours. Be prepared to discuss how your personal values align with theirs, especially around customer focus and doing the right thing. Show that you're not just looking for a job, but a place where you can grow and contribute.
