BPA Senior Actuarial Analyst

Location: Can be located in Bristol, Watford or London office.

Job Purpose

This role is in the BPA New Business Pricing team, where you will work with other team members to support the pricing and execution of bulk annuity transactions. The role requires an understanding of defined benefit pensions to accurately manipulate, interpret and check data, model liability cashflows, and understand business metrics relating to profit and capital.

Key Accountabilities

• Support the pricing and execution of bulk annuity transactions
• Accurate and complete data manipulation and subsequent modelling of scheme benefits
• Actively identify areas of opportunity to improve pricing tools and process efficiency
• Work collaboratively and effectively with wider BPA teams, such as BPA reinsurance, Data Verification and Member Options.
• An ability to adapt working techniques to cater to different individuals' and teams' requirements to achieve desired outcomes
• Understand and apply technical actuarial techniques, with an awareness of business and commercial impacts of pricing decisions

General responsibilities

• Development and maintenance of bulk annuity pricing methodologies and models in accordance with Technical Actuarial Standards (where relevant) and End User Computing requirements.
• Contribute to a collaborative and inclusive team culture
• Understanding of risk management, in relation to risks relevant to this role.
• Follow appropriate risk management procedures to control, monitor and report on business activities, and elevate key risks or issues appropriately
• Understanding and ability to implement and maintain an actuarial control framework and meet governance requirements
• Compliance with Company policies and regulatory, professional and legal requirements

Desired Knowledge / Experience / Skills

• Demonstrable numerical, analytical, problem‑solving and data manipulation skills, with attention to detail and an ability to identify issues and interdependencies
• Advanced working knowledge of MS Excel. Experience of Prophet is advantageous.
• Experience of working with complex data, with a demonstrable ability to make conclusions and communicate recommendations effectively
• Strong, clear and timely oral and written communication to internal and external stakeholders
• Excellent project management skills, working effectively both independently and as part of a team
• A demonstrable interest in Bulk Purchase Annuities, with a knowledge of defined benefit pension schemes and bulk annuity transactions

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.

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.