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- Tasks: Join the Capital & Liquidity team and gain hands-on 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 qualifications.
- Qualifications: Student actuary with strong technical skills and a passion for problem-solving.
- Other info: Flexible working arrangements available to support your work-life balance.
The predicted salary is between 30000 - 42000 ÂŁ per year.
Location: Potters Bar, GB
Company: CLFIS Limited
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) 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 Senior Actuarial Trainee (Capital & Liquidity team)
✨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 the Senior Actuarial Trainee role. Personal connections can give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since this role involves Solvency II and capital requirements, make sure you can discuss these topics confidently. We want to see how you can apply your knowledge 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. Remember, clarity is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining Canada Life and being part of our mission to build better futures.
We think you need these skills to ace Senior Actuarial Trainee (Capital & Liquidity team)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Actuarial Trainee role. Highlight relevant experience, especially in actuarial departments, and showcase your technical skills like Solvency II or IFRS17 knowledge.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're passionate about joining Canada Life and how your background aligns with our values. Be sure to mention your drive and motivation to contribute to the Capital & Liquidity team.
Showcase Your Communication Skills: Since strong communication is key, make sure to articulate your experiences clearly in both your CV and cover letter. We want to see how you can explain complex actuarial concepts to non-actuaries!
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 being part of our team!
How to prepare for a job interview at Irish Life Group Services Limited
✨Know Your Stuff
Make sure you brush up on your technical skills, especially around Solvency II and IFRS17. Familiarise yourself with the regulatory environment in the UK and be ready to discuss how these concepts apply to the role.
✨Show Your Problem-Solving Skills
Prepare examples of how you've applied actuarial techniques to solve business problems. Think about specific scenarios where you had to analyse risk and capital information, and be ready to explain your thought process.
✨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.
✨Demonstrate Your Drive
Canada Life values personal drive and self-motivation. Be prepared to share instances where you've shown persistence and energy in your studies or previous roles. Highlight your commitment to continuous learning and development.
