Senior Actuary (ALM Reporting team)

Location: London, GB

Company: CLFIS Limited

Description

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

We are looking for an Actuary to join the Asset & Liability Management (ALM) Reporting Team, a strong team of four actuaries, two actuarial trainees and an actuarial analyst. Your role will lead the production of Matching Adjustment reporting, embedding Solvency UK initiatives, and support European ALM reporting across the Great‑West Life group, including diverse portfolios of bond, finance lease, real estate and commercial and equity release mortgage investments, and individual/bulk annuities, protection and wealth products.

The successful candidate will possess strong inter‑personal, communication and analytic skills and a strong technical background.

The key stakeholder relationships include finance leadership team, Reinsurance Division (CLRe) and Irish Life actuarial leadership teams including Chief Actuary, Investment Reporting, Front Office Actuarial and fund management teams.

Key Accountabilities

1. Provide accurate financial analysis, advice and support to a specific area of the business, making recommendations with support from more senior colleagues. Analyse risk factors to demonstrate understanding and management of risk exposure to the organisation, supporting appropriate action to manage and, where appropriate, mitigate risk exposure. Operate cross‑functionally across the business on BAU and project activities, demonstrating the ability to collaborate and influence senior stakeholders in the function.

2. Produce regular reports and reviews, providing insight and commentary for senior managers to ensure compliance with legislation and internal control requirements. Support analysis for regular reports, taking into account up‑to‑date industry developments and issues to inform decision making. Support continuous review and improvement of department processes and procedures, implementing recommendations and taking ownership of their implementation.

3. Make considered and commercially astute recommendations to line management about pricing, valuation and/or design of new and existing products, ensuring new business is written on profitable terms and appropriately valued, and that all activities comply with corporate and regulatory standards. Review work performed by actuarial colleagues, providing feedback and mentoring. Lead continuous reviews and improvements of department processes and procedures to provide timely, accurate, commercial actuarial service.

4. Mentor and coach part‑qualified actuaries and other actuarial support colleagues, model company values, act with integrity and represent the function with pride and passion.

Desired Knowledge / Experience / Skills

Technical Expertise

• Developing expertise in one or more areas within the function, demonstrating sound understanding of complex statistical methods and models with the ability to interpret financial information and controls to accurately advise stakeholders.
• Validating the work of non‑qualified and recently qualified actuaries.
• Good knowledge of a variety of actuarial models and controls and their commercial application/implication.
• Advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.

Communication

• Excellent analytical and report‑writing / drafting skills.
• Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with some coaching or support from senior managers.
• Proven communication, influencing and negotiation skills, adapting the message to the audience, balancing required detail with higher‑level information.

Relationship Building

• Ability to develop and maintain strong relationships across the actuarial function, acting with integrity and modelling company values, supporting the organisation in achieving its goals and mitigating risk exposure.
• Ability to flex style and approach to different individuals, with occasional support, to achieve successful outcomes.

Planning and Use of Initiative

• Willing and capable of taking decisions independently to progress issues, exercising sound judgement and commercial sense to understand importance of different issues and assess escalation needs.
• Effectively plans, organises and executes work with minimal supervision, spotting conflicting priorities, readjusting workload and escalating to management when appropriate.
• Identifies opportunities for improving processes and propositions and competently analyses and communicates them to line management.

Developing Self

• Inquisitive individual committed to ongoing professional and personal development.
• Strong commercial awareness and understanding of business needs, able to apply technical actuarial techniques and understand commercial implications.
• Fellow of Institute of Actuaries (or equivalent).

Benefits of working at Canada Life

We believe in recognising and rewarding our people, offering 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 also offer a range of other benefits and support services and 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 challenges together and find a way forward.

We want colleagues to have rewarding careers with us, so we invest in development, technology and workplaces, offering training, flexible working and growth opportunities.

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 continue to focus on it.

“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.