At a Glance
- Tasks: Support pricing and execution of bulk annuity transactions while collaborating with diverse teams.
- Company: Join Canada Life, a leader in the financial services industry with a focus on diversity.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and ongoing professional development.
- Other info: Be part of an inclusive culture that values diverse perspectives and fosters personal growth.
- Why this job: Make a real impact in the world of pensions while developing your analytical and problem-solving skills.
- Qualifications: Strong numerical skills, advanced Excel knowledge, and interest in bulk purchase annuities required.
The predicted salary is between 55000 - 65000 £ per year.
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.
BPA Senior Actuarial Analyst in Bristol employer: NACBA
Canada Life is an exceptional employer that prioritises the growth and well-being of its employees, offering a competitive salary and a comprehensive benefits package, including a generous pension scheme and private medical insurance. With a strong commitment to diversity and inclusion, Canada Life fosters a collaborative work culture where individuals from various backgrounds can thrive and contribute to meaningful projects in the dynamic field of bulk annuity transactions. The company's focus on personal and professional development ensures that employees have ample opportunities to enhance their skills and advance their careers in vibrant locations like Bristol, Watford, and London.
StudySmarter Expert Advice🤫
We think this is how you could land BPA Senior Actuarial Analyst in Bristol
✨Tip Number 1
Network like a pro! Reach out to current employees at Canada Life or in the actuarial field on LinkedIn. A friendly chat can give you insider info and might just lead to a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss your experience with data manipulation and actuarial techniques, as these will be key in your role.
✨Tip Number 3
Show off your problem-solving skills! Be ready to tackle hypothetical scenarios during interviews that relate to bulk annuity transactions. This will demonstrate your analytical mindset and ability to think on your feet.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team.
We think you need these skills to ace BPA Senior Actuarial Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the BPA Senior Actuarial Analyst role. Highlight your experience with defined benefit pensions and any relevant data manipulation skills. We want to see how your background aligns with what we're looking for!
Showcase Your Skills:In your application, don’t just list your skills—show us how you've used them! Whether it's your advanced Excel knowledge or your experience with complex data, give us examples that demonstrate your capabilities.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about bulk purchase annuities and how you can contribute to our team. Keep it engaging and make it personal—let us know why you want to join StudySmarter!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at NACBA
✨Know Your Numbers
As a BPA Senior Actuarial Analyst, you'll need to demonstrate your numerical and analytical skills. Brush up on your understanding of defined benefit pensions and be ready to discuss how you would manipulate and interpret data. Practise explaining complex data in simple terms, as clear communication is key.
✨Familiarise with Pricing Tools
Get to know the pricing methodologies and models relevant to bulk annuity transactions. If you have experience with Prophet, make sure to highlight it! Be prepared to discuss any improvements you've identified in previous roles or projects, showing your proactive approach to process efficiency.
✨Team Player Mindset
Collaboration is crucial in this role, so think about examples where you've worked effectively within a team. Be ready to share how you adapt your working techniques to meet different team members' needs. This will show that you can contribute to a collaborative and inclusive culture.
✨Understand Risk Management
Make sure you understand the basics of risk management as it relates to actuarial work. Be prepared to discuss how you would monitor and report on business activities, and how you would elevate key risks or issues. This shows that you’re not just focused on numbers but also on the broader business impacts.
