Actuarial Reporting Team Lead in London

Actuarial Reporting Team Lead in London

London Full-Time 70000 - 90000 € / year (est.) No home office possible
myGwork - LGBTQ+ Business Community

At a Glance

  • Tasks: Lead actuarial reporting and analysis for group, management, regulatory, and statutory needs.
  • Company: Join Canada Life UK, a diverse and inclusive employer committed to building better futures.
  • Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and professional development opportunities.
  • Other info: Flexible working arrangements available to support your work-life balance.
  • Why this job: Make a real impact in a hands-on role while leading a dynamic team of actuaries.
  • Qualifications: Qualified Actuary with experience in actuarial reporting and strong communication skills.

The predicted salary is between 70000 - 90000 € per year.

This job is with Canada Life UK, an inclusive employer. Location: London. 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.

Job Summary

The Actuarial Reporting Team Lead is responsible for leading the delivery of actuarial review and analysis for group, management, regulatory and statutory reporting. The role combines strong technical actuarial capability with team leadership, ensuring high quality outputs, effective controls, and clear explanations of results. The role is hands on and delivery focused, leading a team to deliver in a clear, timely and controlled manner.

What Will You Be Doing

  • Actuarial Reporting & Delivery: Lead the consolidation, review and delivery of actuarial results for IFRS 17, Solvency II and internal management reporting. Oversee timely and accurate quarterly reporting, working closely with the Head of Modelling & Production and escalating issues to senior management where needed. Manage the production and review of Solvency II Own Funds, Matching Adjustment PLAs and Quantitative Reporting Templates (QRTs). Deliver actuarial reporting across multiple frameworks including PRA returns, CIFRS, LICAT and UK GAAP.
  • Analysis & Insight: Analyse experience, assumption changes and key drivers of results, translating complex outcomes into clear, meaningful insights. Prepare high quality presentations and reports, including explaining IFRS 17 and Solvency II technical provisions to senior leadership in the UK and Canada.
  • Controls, Governance & Audit: Maintain robust documentation, controls and evidence to meet internal standards and external audit requirements. Lead responses to audit queries and internal reviews, resolving issues efficiently and professionally.
  • Team Leadership & Development: Provide day to day leadership, coaching and technical oversight to qualified actuaries and trainees. Set direction, review work and ensure actuarial and accounting principles are consistently applied. Manage performance, support development and foster a collaborative, high performing team culture.
  • Process Improvement: Champion efficiency and continuous improvement across actuarial reporting processes. Work closely with reporting and production teams to streamline processes and eliminate duplication.
  • Technical Oversight: Lead expense basis reviews and obtain Actuarial Oversight Function sign off. Review and sign off results across reporting bases to ensure appropriateness and consistency.

What Experience Will You Have

  • Experience of working in an actuarial reporting team within a life insurance company.
  • Good knowledge of IFRS 17 and SII frameworks.
  • In depth knowledge and experience of actuarial valuation rules, requirements and techniques.
  • Able to build relationships and gain trust and respect at all levels.
  • Strong attention to detail and ability to review actuarial work to a high standard.
  • Confidence using actuarial models, spreadsheets and reporting tools.
  • Strong organisational skills and a proven track record at delivering reporting requirements under tight deadlines.
  • Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences including non-actuaries).
  • Proven track record of leading a team.
  • Demonstrates a continuous improvement mindset.

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.

Actuarial Reporting Team Lead in London employer: myGwork - LGBTQ+ Business Community

Canada Life UK is an exceptional employer that prioritises inclusivity and employee development, making it a fantastic place to work in London. With a strong commitment to diversity, competitive salary packages, and a culture that encourages curiosity and collaboration, employees are empowered to grow both personally and professionally. The company offers flexible working arrangements and a comprehensive benefits package, ensuring that every team member can thrive while contributing to building better futures for customers and communities.

myGwork - LGBTQ+ Business Community

Contact Detail:

myGwork - LGBTQ+ Business Community Recruiting Team

StudySmarter Expert Advice🤫

We think this is how you could land Actuarial Reporting Team Lead in London

Tip Number 1

Network like a pro! Reach out to your connections in the actuarial field, especially those who might have insights into Canada Life UK. A friendly chat can sometimes lead to opportunities that aren’t even advertised.

Tip Number 2

Prepare for interviews by brushing up on IFRS 17 and Solvency II. Make sure you can explain complex concepts clearly, as you'll need to communicate effectively with both technical and non-technical audiences.

Tip Number 3

Show off your leadership skills! Be ready to discuss how you've led teams in the past and how you foster collaboration. Canada Life UK values a high-performing team culture, so highlight your experience in coaching and developing others.

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 Canada Life UK and being part of their mission to build better futures.

We think you need these skills to ace Actuarial Reporting Team Lead in London

Actuarial Reporting
IFRS 17
Solvency II
Quantitative Reporting Templates (QRTs)
PRA returns
CIFRS
LICAT

Some tips for your application 🫡

Tailor Your Application:Make sure to customise your CV and cover letter for the Actuarial Reporting Team Lead role. Highlight your experience with IFRS 17 and Solvency II, and show how your skills align with what Canada Life UK is looking for.

Showcase Your Leadership Skills:Since this role involves leading a team, don’t forget to mention your previous leadership experiences. Share examples of how you've coached or developed others, and how you foster a collaborative environment.

Be Clear and Concise:When writing your application, keep it straightforward. Use clear language to explain your technical skills and experiences, especially when discussing complex actuarial concepts. Remember, clarity is key!

Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Canada Life UK!

How to prepare for a job interview at myGwork - LGBTQ+ Business Community

Know Your Actuarial Stuff

Make sure you brush up on your knowledge of IFRS 17 and Solvency II frameworks. Be ready to discuss how these regulations impact actuarial reporting and be prepared to explain complex concepts in simple terms, as you'll likely need to communicate with non-actuaries.

Showcase Your Leadership Skills

As a potential team lead, it's crucial to demonstrate your leadership experience. Prepare examples of how you've successfully led teams, managed performance, and fostered a collaborative environment. Highlight any coaching or mentoring you've done with trainees or junior actuaries.

Prepare for Technical Questions

Expect technical questions related to actuarial valuation rules and reporting requirements. Practice articulating your thought process when solving problems or analysing results. This will show your confidence and expertise in using actuarial models and tools.

Emphasise Continuous Improvement

Canada Life values a mindset focused on efficiency and improvement. Be ready to discuss any initiatives you've led or participated in that aimed at streamlining processes or enhancing the quality of outputs. This will align well with their goal of creating a more customer-focused business.