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- Tasks: Join our BPA team to review calculations and support business development.
- Company: Canada Life UK, a modern and agile organisation focused on building better futures.
- Benefits: Competitive salary, generous pension, private medical insurance, and flexible working options.
- Other info: Diversity and inclusion are key commitments; flexible working arrangements available.
- Why this job: Make a real impact in a collaborative environment while developing your actuarial skills.
- Qualifications: Qualified Actuary (FIA) with strong technical skills in Defined Benefit pension schemes.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Job closing date: 15th March. Location: Bristol, but would also consider London and Hertfordshire.
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 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 process 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 / Experience / Skills
- 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 Operations) employer: Irish Life Group Services Limited
Contact Detail:
Irish Life Group Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (BPA Operations)
✨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 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. Be ready to discuss Defined Benefit pension schemes and how you can apply your actuarial knowledge to real-world problems. We want to see your expertise shine!
✨Tip Number 3
Show off your soft skills! Canada Life values strong communication and relationship-building abilities. Think of examples where you've successfully collaborated with others or led a team, and be ready to share them.
✨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 UK.
We think you need these skills to ace Actuary (BPA Operations)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role. Highlight your BPA experience and any relevant technical skills that match the job description. We want to see how you can bring value to our team!
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 your background aligns with our mission at Canada Life. Let us know what makes you the perfect fit!
Showcase Your Communication Skills: Since strong communication is key, make sure your application reflects your ability to convey complex ideas clearly. Whether it's in your CV or cover letter, we want to see how you can communicate effectively with both technical and non-technical audiences.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our awesome team at Canada Life!
How to prepare for a job interview at Irish Life Group Services Limited
✨Know Your Numbers
As an actuary, you'll need to demonstrate your strong technical skills. Brush up on your knowledge of Defined Benefit pension schemes and the UK regulatory environment. Be prepared to discuss specific examples from your experience that showcase your ability to apply actuarial techniques to real business problems.
✨Communicate Clearly
Strong communication skills are key for this role. Practice explaining complex actuarial concepts in simple terms, as you may need to present to non-actuaries. Consider preparing a few scenarios where you've successfully communicated technical information to different audiences.
✨Show Your Collaborative Spirit
Canada Life values teamwork and collaboration. Think of examples where you've worked effectively with others, especially in cross-functional teams. Highlight how you’ve contributed to improving processes or driving projects forward, as this will resonate well with their culture.
✨Embrace the Company Culture
Familiarise yourself with Canada Life's blueprint behaviours and values. During the interview, express how your personal drive and motivation align with their commitment to doing the right thing for customers and colleagues. Show that you're not just looking for a job, but a place where you can grow and contribute positively.