At a Glance
- Tasks: Join the BPA Proposition team to implement strategy and build key relationships.
- Company: Canada Life, a leading financial services company with a focus on employee development.
- Benefits: Competitive salary, generous pension, private medical insurance, and ongoing professional development.
- Other info: Dynamic work environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in the BPA market while working with industry experts.
- Qualifications: Qualified actuary with strong knowledge of UK Defined Benefit pensions and excellent communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Location: London, Watford or Bristol office.
Duration: 6 month fixed term contract
Job Purpose
There is an opportunity for a qualified actuary to join the BPA (Bulk Purchase Annuity) Proposition team. The role is to ensure that the proposition strategy and arrangements are appropriately implemented within the BPA business unit. It will involve building relationships with external parties and working with colleagues across the Company.
Key Accountabilities
- Execution of the proposition strategy so that the company can competitively deliver its BPA business.
- Responsible for implementation of proposition changes in BPA and communication of these changes to key stakeholders (e.g., Commercial and Strategy Director BPA, Business Development Director, Head of BPA Proposition, BPA Managing Director, CFO) and committees in an appropriate manner.
- Maintain and develop relationships with a wide range of external stakeholders as appropriate e.g. external legal consultants, 3rd party providers etc.
- Being a subject matter expert for BPA proposition and working with a range of internal departments to make sure arrangements are fully understood and implemented across the business.
- Contribute fully to the BPA Proposition & Projects team including regular updates at team meetings and training to colleagues as required.
- Ensuring governance and processes are in place in line with CLL Policies and Standards.
Desired Knowledge / Experience / Skills
- Strong knowledge of UK Defined Benefit pensions
- Familiarity with BPA market, products and reinsurance structures
- Understanding of pricing, capital modelling and profit testing
- Ability to build relationships with people at all levels (internal and external)
- Strong negotiation and communication skills (can communicate technical issues to senior people including non-actuaries)
- Understanding and ability to implement/maintain an actuarial control framework
- Qualified Actuary (with relevant post-qualification experience)
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.
Actuary (BPA Proposition) in London employer: Irish Life Group Services Limited
Canada Life is an exceptional employer that values its employees by offering a competitive salary and a comprehensive benefits package, including a generous pension scheme and private medical insurance. With a strong focus on personal and professional development, employees in the London, Watford, or Bristol offices can expect a supportive work culture that encourages growth and collaboration across teams, making it an ideal place for actuaries looking to make a meaningful impact in the BPA sector.
Contact Details:
Irish Life Group Services Limited Recruitment Team
