Job title: Actuarial Technical Lead
Location: Potters Bar
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 an Actuarial Technical Lead to support the transformation and the future growth of the business, 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.
Responsible for supporting business change initiatives on behalf of corporate actuarial, including initiatives which may require model and system changes. Also responsible for delivering these changes to the Actuarial models (mainly Prophet, including Prophet ALS), systems and actuarial processes, and ensuring these are suitable and available on time for the actuarial team to use.
•Responsible for supporting change initiatives around the business which may impact actuarial models, systems and/or processes and enabling consistency of processes around the business.
This will involve collaborating with team members and other stakeholders (IS, Customer Services, Business Units etc.) to ensure that the impacts of these changes on corporate actuarial are understood and any actuarial issues are prioritised accordingly.
•Recommending and implementing improvements that will help with efficiency and/or accuracy of actuarial modelling.
This includes getting buy in from the different stakeholders and ensuring changes are implemented.
•Responsible for delivering the actuarial model, systems and process changes required to support these change initiatives and other improvements, which includes:
Ensuring tasks are prioritised, requirements are understood, control processes are adhered to and that changes are communicated to the relevant teams.
Ensuring that development work is carried out in a reasonable timeframe and released for use. This includes ensuring all necessary documentation, testing, quality and audit requirements are met.
•Provide cross training in the use and development of actuarial models and processes, ensuring staff are kept up to date with relevant changes (this includes the wider actuarial team).
Maintain existing relevant development process documentation and provide input to new process documentation with the aim of ensuring that all relevant processes are adequately documented.
Where relevant keeping up to date with changes to actuarial systems (Prophet), for example though vendor training sessions and communication with the vendor.
•Assist the maintenance of applications such as Prophet, Glean, DCS and other internally developed applications to ensure they are fit for purpose.
This includes disaster recovery, business continuity needs and liaising with IS support to help deliver software/other updates
Generic Accountabilities (Risk Management & Controls)
•Ensure familiarity with risk management programs, as they impact this position, and follow appropriate risk management procedures to control, monitor and report on business activities
•Ensure compliance with Company policies, regulatory, professional & legal requirement
Knowledge/ Experience/ Skills
•Qualified actuary or equivalent based on actuarial experience
•Minimum of four years actuarial model development experience in life insurance
•Understands Canada Life business, including relevant data and systems, in order to put Actuarial modelling work into context.
•Promotes best practice in others and encourages development in new modelling tools or techniques.
•Plan and deliver a pipeline of work, taking account of changing or new business requirements as well as technical developments.
•Able to supervise junior members of staff on individual developments, and provide guidance and training to users across the department.
•Can communicate complex information, document requirements,
What you’ll like about working here
As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including car allowance, 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.