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- Tasks: Join the Capital & Liquidity team and gain diverse actuarial experience through rotations.
- 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 a supportive environment while working towards your actuarial fellowship.
- Qualifications: Student actuary with strong technical skills and near-completion of Core Technical examinations.
- Other info: Flexible working arrangements available to support work-life balance.
The predicted salary is between 36000 - 60000 £ 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: CLFIS Limited
Contact Detail:
CLFIS Limited 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. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure we can confidently discuss Solvency II, LICAT, and any relevant actuarial techniques. Show them we know our stuff!
✨Tip Number 3
Practice our communication skills! We need to articulate complex actuarial concepts clearly. Try explaining them to a friend or family member who isn’t in the field—if they get it, we’re golden!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen. Plus, it shows we’re genuinely interested in joining the Canada Life team.
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 culture and values!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your technical skills, like financial reporting and capital analysis, can contribute to our Capital & Liquidity team. Use specific examples to illustrate your problem-solving abilities and communication skills.
Be Authentic: Let your personality shine through in your application! We value personal drive and self-motivation, so share your passion for actuarial science and how you’ve tackled challenges in the past. We’re looking for genuine enthusiasm!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at CLFIS Limited
✨Know Your Stuff
Make sure you brush up on your technical knowledge, 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 analyse risk or capital information and how you turned that into actionable insights. This will demonstrate your ability to think critically and pragmatically.
✨Communicate Clearly
Practice articulating complex actuarial concepts in simple terms. You might be speaking to non-actuaries, so being able to convey your ideas clearly is crucial. Consider doing mock interviews with friends or mentors to refine your communication skills.
✨Embrace the Culture
Familiarise yourself with Canada Life's values and culture. They emphasise curiosity, teamwork, and doing the right thing. Be ready to discuss how your personal values align with theirs and how you can contribute to their mission of building better futures.
