Senior Actuary (BPA - Pricing team)

Company: Canada Life Assurance Europe plc

Job closing date: 9th January (we will not respond to applications until the closing date)

Locations: Bristol, Hertfordshire or London Office

Job Purpose

There is an opportunity for a qualified actuary to join the Bulk Annuity Pricing team. Successful applicants will be responsible for providing pricing recommendations and working with the wider BPA team to achieve annual new business targets.

Key Accountabilities

• Responsible for quotations and providing pricing recommendations for bulk annuity buy‑ins and buy‑outs
• Liaise with the investment front office to identify suitable assets to support bulk annuity transactions
• Work with reinsurance actuaries to ensure reinsurance is appropriately incorporated within quotations
• Review legal agreements and contribute to contract negotiations with external stakeholders
• Support business development and relationship management
• Contribute to the development of Canada Life’s pricing bases and pricing models that adhere to risk tolerances and are scalable for future growth
• Manage stakeholders and ensure compliance with risk governance
• Keep abreast of industry issues and developments to keep business processes and strategies aligned with the industry
• Provide appropriate support to managers and others to implement recommendations and facilitate change to support the business requirements

Desired Knowledge / Experience / Skills

• Strong knowledge of UK Defined Benefit pensions
• Familiarity with the bulk annuity market and products
• Understanding of capital modelling and profit testing
• Experience managing stakeholders
• Strong communication skills – able to communicate technical issues to senior people including non‑actuaries
• Understanding and ability to implement/maintain an actuarial control framework
• Qualified actuary

Benefits Of Working At Canada Life

We offer a competitive salary and comprehensive reward package including a generous pension and bonus scheme, income protection, private medical insurance and life assurance. We also provide various support services and regular personal and professional development.