Senior Actuarial Assistant Senior Actuarial Assistant …

Canada Life Limited
in London, United Kingdom
Permanent, Full time
Last application, 16 Oct 20
competitive plus study support
Canada Life Limited
in London, United Kingdom
Permanent, Full time
Last application, 16 Oct 20
competitive plus study support
Canada Life are currently recruiting for a part qualified actuary to join our Student rotation scheme.

Job title: Senior Actuarial Assistant  


Location: Potters Bar/London

Job type: Permanent


Who we are

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.


What we’re building 


We now need a Senior Actuarial Assistant to support the transformation and the future growth of the business within the Finance function, so it can be a trusted and commercial partner that influences the business to make good financial decisions, by delivering excellent support, expertise and high quality Management Information.

Job summary

This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.

The first rotation for this role will be within the Front Office Actuarial team, based in London, to support the day-to-day asset and liability management of the European general account assets. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team—e.g.  pricing or valuation—in the Potters Bar office, north of London.

What you’ll do

The Front Office Actuarial team is responsible for producing the MI that supports the investments decisions for managing three key risks—interest rate risk, inflation risk and liquidity risk—and for providing recommendations on suitable actions in order to best manage these risks. Specifically, this involves the following tasks:
•Support ongoing ALM requirements by◦Producing reports for monitoring asset acquisitions alongside new business liability requirements to ensure the asset sourcing teams are on track to meet targets
◦Helping to analyse the profitability of proposed asset purchases
◦Working with fund managers and valuation actuaries to improve matching
◦Liaising with pricing, valuation, ALM reporting and Capital teams to help ensure optimal asset strategies

•Support new business processes by◦Bringing together information from the various asset sourcing teams in order to recommend suitable yield assumptions for new business pricing, given constraints around asset availability, cost of capital, and liquidity requirements
◦Helping to review and improve modeling of portfolios
◦Feeding into new product design through working on hedging strategies and determining viable allocations to different asset classes

•Support the management of the UK divisions matching adjustment portfolio by◦Proposing matching assets for new business
◦Proposing matching assets for bulk annuities
◦Ensuring compliance with the all policies and standards

•Assist with the preparation of internal and external investment presentations
•Actively study for the qualification as a FIoA (or equivalent)


Who you are

•Student actuary who has already worked within an actuarial department
•Able to draw conclusions and make recommendations
•Strong communication skills, including being able to influence and challenge
•Able to build relationships with people at all levels
•Understanding and ability to implement/maintain an actuarial control framework
•Works well within controls/governance


What you’ll like about working here

As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.

Our focus is to have an engaged, committed and motivated work force, operating in a high performing and collaborative culture. We want to create an organisation that offers opportunities for all our people to develop their skills and talent, and build rewarding careers with us.

Diversity and inclusion


Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.


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