Senior Actuary capital and strategy
Posted 15 April by
eFinancialCareers
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
Contribute to the delivery of the capital strategy of Canada Life Limited through:
• Implementation of capital management actions, initially with a focus on reinsurance.
• Ensuring operational readiness of processes arising from capital actions undertaken.
• Identification and implementation of tactical improvements to capital models.
• Development of new systems and processes to support ambitions to enhance capital modelling capabilities.
Reports to the Head of Capital Development
Key Accountabilities
• Contribute to the implementation of strategic initiatives for Canada Life Limited to optimise capital/liquidity requirements and/or manage the risk exposure of the company in line with company risk appetite, tolerance limits and overall Enterprise Risk Management framework.
• Own specific capital management initiatives or tasks, with a strong focus on delivery in agreed timelines.
• Support the effective management of projects, through strong communication and proactive risk management.
• Communicate regularly with senior stakeholders to ensure necessary items are reviewed, decisions are made and to provide regular updates on progress and issues.
• Work with and influence a broad range of stakeholders from across several departments within Canada Life as well as external parties.
• Ensure that operational readiness is achieved through effective development and handover of ongoing processes arising from strategic initiatives.
• Own the identification and implementation of process improvements to enhance capital modelling capabilities for the UK division of Canada Life.
• Own improvements to the ability to forecast, project and stress test Canada Life's capital positions, covering both Solvency II & LICAT capital regimes.
• Support the strategic aims of the Finance department to modernisation systems and technology used, with a focus on enhancing capital modelling capabilities and outcomes, as well as improving the efficiency of existing capital modelling processes.
• Identify and implement tactical improvements to existing capital modelling processes to provide quick wins that provide improved analysis or process efficiency, while longer term modernisation activities progress.
• Ensure that operational readiness is achieved through effective handover of improvements and new processes.
Desired Knowledge / Experience / Skills
• Proven ability to act independently as well as working as part of a wider team.
• Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.
• Strong communication skills (able to communicate with a wide variety of stakeholders across Canada Life, and articulate technical and complex issues clearly both verbally and in writing to senior and junior audiences).
• Delivery focused, with strong organisational skills and the ability to take a pragmatic solution if required.
• Strong technical skills including either financial reporting or Solvency II knowledge/experience
• Good understanding of the UK regulatory environment.
• Ability to apply actuarial techniques to business problems and to see wider implications.
• Good working knowledge of reinsurance and other capital management techniques used by annuity providers.
• Experience of implementing significant process improvements and a desire to work with new systems and technologies.
Qualifications
Fellow of the Institute and Faculty of Actuaries (or equivalent).
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.
Reference: 52479909
Please note Reed.co.uk does not communicate with candidates via Whatsapp, and we will never ask you to provide your bank, passport or driving licence details during the application process. To stay safe in your job search and flexible work, we recommend visiting JobsAware, a non-profit, joint industry and law enforcement organisation working to combat labour market abuse. Visit the JobsAware website for information and free expert advice for safer work.
Report this jobNot quite what you are looking for? Try these similar searches
Replace a job alert
Replace a job alert
Get Job Alerts straight to your inbox
"Office Assistant jobs in London"
Your Job Alert has been created and your search saved.
'Saved search name'