Senior Actuary (BPA Pricing)Canada Life UK looks after the retirement, investment and protection needs of individuals, families andpanies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and weing organisation.
Part of our parentpany Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employeesmitted 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
There is an opportunity for a qualified actuary to join the bulk annuity pricing team. Successful applicants will be responsible for providing pricing rmendations and working with the wider BPA team to achieve annual new business targets.
Key Accountabilities
- Responsible for quotations and providing pricing rmendations for bulk annuity buy-ins and buy-outs
- Liaising with investment front office to identify suitable assets to support bulk annuity transactions
- Team working with reinsurance actuaries to ensure reinsurance appropriately incorporated within quotations
- Reviewing legal agreements and contributing to contract negotiations with external stakeholders
- Supporting business development and relationship management
- Contributing to the development of Canada Life's pricing bases and pricing models that adhere to Canada Life's risk tolerances and are scalable for future growth
- Managing stakeholders and ensuringpliance with riskernance
- Keeping abreast of industry issues and developments to ensure the business processes and strategies are in line with the industry
- Provide appropriate support to managers and others to implement rmendations/facilitate change to support the requirements of the business
Desired Knowledge / Experience / Skills
- Strong knowledge of UK Defined Benefit pensions
- Familiarity with bulk annuity market and products
- Understanding of capital modelling and profit testing
- Experience of managing stakeholders
- Strongmunication skills (able tomunicate 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 believe in recognising and rewarding our people, so we offer apetitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive apetitive salary andprehensive reward package including a generous pension and bonus scheme, along with, ie 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 andmunity 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 oue, 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 keymitment 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 perspectivesing 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.
Job ID 1061651101