Modelling Team Manager in London

The role holder will lead the team running Canada Life UK’s actuarial models and associated data processes to support valuation, capital, pricing and business planning across the life business. They will also undertake an active role in development, maintenance and enhancement of valuation models, ensuring models are robust, well‑governed and aligned with regulatory and internal policy requirements, providing high‑quality management information and insight for senior stakeholders.

What you will be doing

• Lead and oversee the end‑to‑end BAU modelling processes for valuation, capital, forecasting and stress testing, ensuring models and runs are efficient, controlled and deliver outputs that meet business and regulatory requirements.
• Manage, develop and motivate a team of c. 8‑10 qualified actuaries, students and actuarial analysts, setting objectives, allocating work, providing coaching and ensuring high‑quality, timely delivery.
• Plan and control the BAU modelling production schedule, prioritising tasks, coordinating onshore and offshore resources and work packages, monitoring service levels and managing day‑to‑day issues to meet reporting deadlines.
• Provide technical oversight, challenge and review of Prophet model runs, methodologies, assumptions and data used in BAU processes, ensuring outputs are robust, well‑governed and aligned with internal policies and regulatory standards.
• Collaborate with stakeholders across Modelling & Production, Reporting & Analysis, Chief Actuary Team, Finance, Pricing, Risk, Investments and IT and offshore partners to ensure BAU Prophet outputs and processes support business needs and can be relied upon in decision‑making and external reporting, including clear, timely communication of issues, assumptions and key movements.
• Identify, specify and oversee implementation of incremental improvements and fixes to BAU modelling processes (including automation, controls and documentation), working with change teams where needed to enhance efficiency and reduce operational risk.
• Produce and review clear working papers, controls evidence and management information summarising Prophet results, key movements and issues, presenting findings to senior stakeholders as required.
• Ensure adherence to relevant risk management, model governance, data governance and internal control frameworks across all BAU Prophet activities, maintaining appropriate documentation, reconciliations and audit trails.

What experience will you have for the position

• Extensive experience of life insurance actuarial modelling using Prophet or equivalent tools, including supporting valuation, capital, pricing and business planning for annuity and/or protection products.
• Strong understanding of life insurance valuation, capital and risk management under Solvency II / Solvency UK and IFRS17 reporting bases.
• Detailed understanding of the UK life insurance regulatory environment and how different reporting bases affect actuarial modelling and decision making.
• Proven ability to provide technical direction, challenge and review of models, assumptions, data and results, ensuring solutions are robust, well‑governed and aligned with business objectives.
• Experience of managing model change and development projects, including planning, prioritisation, resourcing (onshore and offshore) and delivery under tight time pressure.
• Strong communication skills, able to explain complex and technical modelling issues clearly in writing and verbally to senior audiences and non‑specialists, and influencing stakeholders to agree priorities and solutions.
• Ability to build and maintain effective relationships with senior stakeholders across Modelling & Production, Reporting & Analysis, Chief Actuary Team, Finance, Pricing, Risk, Investments and IT and offshore partners, operating both independently and as part of a wider team.
• Proven experience managing, developing and motivating a team of qualified actuaries, students and actuarial analysts, including performance management, workload prioritisation and on‑the‑job coaching.
• Experience working with or overseeing offshore delivery teams, including defining work packages, quality standards and feedback mechanisms.

Qualifications

• Qualified Actuary (Fellow of the Institute and Faculty of Actuaries or equivalent) – essential.
• Demonstrable track record of experience in relevant actuarial modelling roles.

Benefits of working at Canada Life

Competitive salary, comprehensive reward package including generous pension and bonus scheme, income protection, private medical insurance and life assurance, plus other benefits and support services and opportunities for personal and professional development.

Diversity and inclusion

Canada Life is committed to building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential, regardless of gender, ethnicity or other characteristic.