Actuarial Trainee

Overview

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.

As an Actuarial Trainee at Canada life you will be responsible for providing actuarial, statistical and financial analysis to senior management to contribute to the function’s ability to manage risk exposure to the business in order to satisfy our statutory responsibilities as well as the needs of policyholders and that of our regulators.

• Assist with the production of financial analysis for a specific area of the business with line management and team member support and supervision.
• The role holder will be developing sound understanding of statistical and financial models.
• Contributing to reports within their function or discipline to enable management to make informed financial decisions and to manage risk.
• Provide support to their immediate team by producing analysis and contributing to reports/reporting related to business products in a specific line of business or otherwise, to ensure that new business is written on profitable terms and managed effectively and that they comply with the company risk management framework.
• Contribute to analysis for regular departmental and business reports taking in to account commercial and statutory considerations.
• Provide commentary on analysis to immediate line management.
• Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service and ensure that documentation is kept up to date.
• Taking part in and making a valuable contribution to different roles via the actuarial student rotation scheme as well as actively studying for the actuarial exams and making acceptable exam progress, as determined by the company and in line with the company study policy.

• Developing knowledge and understanding of different actuarial disciplines including via student rotation
• Can analyse financial information for immediate line management, beginning to provide insight and commentary.
• Developing knowledge of a variety of statistical methods, models and controls, and their commercial application/implication.
• Intermediate MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills
• Ability to deliver work to a high standard under tight time pressure with attention to detail
• Developing sound analytical and report writing/drafting skills.
• Developing the ability to explain complexities accurately with coaching or support from managers.
• The ability to develop and maintain relationships within their team, acting with integrity and being a role model for the company values at all times.
• Being able to flex their style and approach to different individuals, with coaching and support, in order to achieve a successful outcome.
• Taking part in and making a valuable contribution in different roles via actuarial student rotation
• Able to plan, organise and execute their own work with some supervision, making management aware of conflicting priorities and readjusting their workload accordingly.
• Good problem solving skills and attention to detail, being able to identify issues and interdependencies, recommending a course of action with support and guidance from colleagues.
• Can make some decisions independently in order to progress issues but able to exercise sound judgement to assess when matters need to be escalated.
• Actively studying for actuarial exams,…