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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 professional development opportunities.
- Other info: Flexible working arrangements available to support work-life balance.
- 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 55000 - 65000 £ per year.
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 the challenges 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) - Canada Life Limited employer: Jobs via eFinancialCareers
Contact Detail:
Jobs via eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (BPA Operations) - Canada Life Limited
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life through LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and understanding of Defined Benefit pension schemes. Be ready to discuss how your experience aligns with the role and how you can contribute to their customer-focused transformation.
✨Tip Number 3
Show off your leadership skills! Think of examples where you've built relationships and led teams effectively. Canada Life values collaboration, so highlight how you can drive new processes and improve offerings.
✨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 serious about joining the team at Canada Life.
We think you need these skills to ace Actuary (BPA Operations) - Canada Life Limited
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role at Canada Life. Highlight your BPA experience and any relevant technical skills that match the job description. We want to see how you can contribute 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 the 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 to demonstrate your ability to convey complex ideas clearly in your application. We love candidates who can bridge the gap between technical jargon and everyday language!
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 Jobs via eFinancialCareers
✨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 ready 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 diverse 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. Be prepared to discuss how you can contribute to building relationships across the organisation and with third-party administrators.
✨Embrace the Company Culture
Familiarise yourself with Canada Life's culture and blueprint behaviours. Reflect on how your personal values align with theirs, particularly around customer focus and doing the right thing. During the interview, share how you embody these principles in your work and how you can contribute to their mission of building better futures.