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.
Job summary: There is an opportunity for a Senior Actuarial Analyst to join the Development Team. Successful applicants will be responsible for supporting business change initiatives on behalf of Finance that require model and system changes. This will include implementing these changes into 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.
Support change initiatives around the business which will impact actuarial models, systems and/or processes.
Assist in the maintenance of applications such as Prophet, Glean, DCS and other internally developed tools to ensure they are fit for purpose.
Foster appropriate collaboration and communication with the wider team to develop systems solutions as part of the change control process, ensuring stakeholders are satisfied and deadlines are met.
Recommend and implement improvements that will help with efficiency and/or accuracy of actuarial modelling.
Provide day to day support to all Canada Life users of data and modelling systems in line with best practices for service management.
Provide ad hoc support by responding to incidents and managing problems until the required solutions have been implemented
Provide training in the use of actuarial models and processes where required.
Part qualified actuary.
Actuarial model development experience in life insurance. (familiarity with Prophet is preferable).
Ability to prioritise, plan and deliver a pipeline of work.
Ability to produce high quality output within agreed timescales.
Drive to develop technical expertise and awareness of the business.
Strong communication skills (able to convey technical issues to colleagues at all levels).
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 requirements
Your development at Canada Life: As a Canada Life colleague, you'll get all the support you need in your new role including full training and professional development. Our focus is to have an engaged, committed and motivated employee 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 continue to 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.