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- Tasks: Join our actuarial student scheme and gain diverse experience across the business.
- Company: Canada Life UK, a modern and agile organisation focused on building better futures.
- Benefits: Competitive salary, generous pension, private medical insurance, and professional development opportunities.
- Why this job: Make a real impact in the Capital & Liquidity team while developing your actuarial skills.
- Qualifications: Completion or near-completion of Core Technical actuarial exams and strong technical skills.
- Other info: Flexible working arrangements available to support your work-life balance.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Location: London. 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 would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business. The first rotation for this role will be within the Capital and Liquidity team, within the Chief Actuary team. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team - e.g. pricing or valuation.
Key Accountabilities
- Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime based around IFRS17) and economic capital requirements.
- Contribute to an effective Enterprise Risk Management (ERM) Framework by producing Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.
- Regular monitoring of the capital & liquidity positions and contribute to the development capital and liquidity plans.
- Contribute to the production of sensitivity testing to support various requirements including liaising with the actuarial modelling team on capital modelling and SST requirements, and development needs.
Desired Knowledge / Experience / Skills
- Student actuary who has already worked within an actuarial department.
- Strong technical skills including either financial reporting, Solvency II or LICAT (Canadian)/IFRS17 knowledge/experience.
- Understanding of the UK regulatory environment.
- Delivery focused and able to take a pragmatic solution if required.
- Ability to apply actuarial techniques to business problems and to see wider implications.
- Proven ability to act independently as well as working as part of a wider team.
- Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).
- Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.
- Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and useful.
Qualifications:
- Completion or near-completion of all Core Technical actuarial examinations (or equivalent).
- Good working knowledge of MS Excel.
- Some experience with Databricks and/or Python would be desirable, but not essential.
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.
Senior Actuarial Trainee (Capital & Liquidity team) in Potters Bar employer: Canada Life
Contact Detail:
Canada Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee (Capital & Liquidity team) in Potters Bar
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life on LinkedIn. Ask them about their experiences and any tips they might have for landing a role in the Capital & Liquidity team.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss Solvency II, LICAT, and IFRS17. We want to see that you can apply these concepts to real-world scenarios!
✨Tip Number 3
Show off your communication skills! Practice explaining complex actuarial concepts in simple terms. This will help you connect with interviewers who may not have an actuarial background.
✨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 Canada Life.
We think you need these skills to ace Senior Actuarial Trainee (Capital & Liquidity team) in Potters Bar
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Actuarial Trainee role. Highlight your relevant experience in actuarial departments and any knowledge of Solvency II or LICAT. We want to see how you fit into our team!
Show Off Your Skills: Don’t hold back on showcasing your technical skills! Whether it’s financial reporting or your Excel prowess, let us know how you can contribute to the Capital & Liquidity team. Remember, we love a good mix of technical and communication skills.
Be Yourself: We’re all about authenticity here at Canada Life. When writing your application, let your personality shine through. Share your passion for actuarial science and how you align with our values of curiosity and collaboration.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Canada Life
✨Know Your Stuff
Make sure you brush up on your technical skills, especially around Solvency II, LICAT, and IFRS17. Being able to discuss these topics confidently will show that you're not just a student actuary but someone who understands the practical implications of these regulations.
✨Show Your Problem-Solving Skills
Prepare examples of how you've applied actuarial techniques to solve real business problems. Think about times when you had to deliver pragmatic solutions or work independently, as well as collaboratively with a team. This will demonstrate your ability to think critically and act decisively.
✨Communicate Clearly
Practice articulating complex actuarial concepts in simple terms. You might be asked to explain your work to non-actuaries, so being able to communicate effectively is key. Consider doing mock interviews with friends or mentors to refine your delivery.
✨Embrace the Culture
Familiarise yourself with Canada Life's values and culture. They emphasise curiosity, teamwork, and community impact. Be ready to discuss how your personal values align with theirs and how you can contribute to building better futures for their customers and colleagues.
