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Senior Actuary (Consolidation Valuation team)

Canada Life Limited
Potters Bar, United Kingdom
Closing date
May 8, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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
This role will support the delivery of financial reporting requirements to meet the needs of local management, the UK regulator and the wider Group. As well as contributing to the delivery of our quarterly & annual financial reporting requirements, the role will be key in supporting transformation & developing processes to reflect business changes within financial reporting and facilitate greater efficiency across all aspects of actuarial reporting.

The role will provide extensive exposure to financial & solvency reporting as well as opportunities to communicate those results to management. In addition, we are looking for someone who will initiate & implement improvements and has a proven track record in this area.

Key Accountabilities
• Review and communicate Canadian-IFRS & Solvency II results with a focus on understanding the key drivers of movements.
• Build effective relationships with valuation, finance & investment team members to facilitate timely completion of reports & comprehensive analysis of results.
• Maintain a controlled environment for reporting processes
• Identify processes where efficiencies can be made & effectively implement changes in line with the change control policy
• Keep abreast of industry issues and developments to ensure the business processes and results are in line with the industry and regulatory requirements.

Desired Knowledge / Experience / Skills
• Qualified Actuary with relevant experience in financial reporting
• Track record in effectively making process improvements
• Good communicator
• Good project management skills
• Works well within a controlled environment, showing clear and comprehensive audit trails
• Relevant experience in a Life Office
• Excellent knowledge of MS Excel

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.

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 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 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." 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.

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