Senior Actuarial Trainee

Location: Can be located in the Bristol, London or Watford office.

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 actuarial qualification as a Fellow of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.

The first rotation will be in the Bulk Purchase Annuities (BPA) team, in New Business Pricing, where you will work with other team members to support the pricing and execution of bulk annuity transactions. The role requires an understanding of defined benefit pensions to accurately manipulate, interpret and check data, model liability cashflows, and understand business metrics relating to profit and capital.

Rotations usually last 18 to 24 months, and subsequent rotations would likely be to an actuarial team.

• Support the pricing and execution of bulk annuity transactions
• Accurate and complete data manipulation and subsequent modelling of scheme benefits
• Actively identify areas of opportunity to improve pricing tools and process efficiency
• Work collaboratively and effectively with wider BPA teams, such as BPA reinsurance, Data Verification and Member Options. An ability to adapt working techniques to cater to different individuals’ and teams’ requirements to achieve desired outcomes
• Understand and apply technical actuarial techniques, with an awareness of business and commercial impacts of pricing decisions
• Progress towards actuarial qualification as a Fellow of the Institute and Faculty of Actuaries, balancing study, work and professional development
• Development and maintenance of bulk annuity pricing methodologies and models in accordance with Technical Actuarial Standards (where relevant) and End User Computing requirements.
• Contribute to a collaborative and inclusive team culture
• Understanding of risk management, in relation to risks relevant to this role. Follow appropriate risk management procedures to control, monitor and report on business activities, and elevate key risks or issues appropriately
• Understanding and ability to implement and maintain an actuarial control framework and meet governance requirements
• Compliance with Company policies and regulatory, professional and legal requirements

• Student actuary with previous actuarial experience
• Demonstrable numerical, analytical, problem-solving and data manipulation skills, with attention to detail and an ability to identify issues and interdependencies
• Advanced working knowledge of MS Excel. Experience of Prophet is advantageous.
• Experience of working with complex data, with a demonstrable ability to make conclusions and communicate recommendations effectively
• Strong, clear and timely oral and written communication to internal and external stakeholders
• Excellent project management skills, working effectively both independently and as part of a team
• A demonstrable interest in Bulk Purchase Annuities, with a knowledge of defined benefit pension schemes and bulk annuity transactions

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.