Senior Actuarial Analyst

Canada Life Group UK Ltd The
GB - England - Potters Bar
January 14, 2025
Insurance

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 Purpose

To own the end-to-end pricing systems and processes for Individual Annuities and Equity Release Mortgages (ERMs). Ensure appropriate controls and monitoring of pricing are in place and drive continuous improvement in the efficiency and effectiveness of the pricing systems. Work with the Annuity and ERM Pricing Managers to allow the Retirement Pricing team to optimise pricing in our chosen markets.

Provide additional support to input and review the work of the wider pricing team.

Implement product developments into pricing systems and processes to support the wider product development agenda.

Key Accountabilities

1. Maintain the pricing systems and processes used by the Retirement Pricing team to ensure the teams can re-price products in line with their delegated authorities.
2. Drive continuous improvements in the pricing systems and processes in terms of speed, efficiency, accuracy, and granularity of the pricing systems.
3. Provide support to input into and review the work of the wider pricing team, across both individual annuities and equity release.
4. Ensure pricing systems and processes are updated by the relevant teams in line with product development changes.
5. Help to develop the skills and capabilities of the wider pricing team.

Desired Knowledge / Experience / Skills

• Excellent knowledge of software packages used within Insurance pricing e.g. standard Microsoft packages and coding languages such as R and Python
• Sound understanding of actuarial principles in terms of pricing and valuation
• Ability to apply actuarial/pricing techniques to business problems
• Knowledge of UK Individual Annuity and Equity Release Mortgage markets
• Analysing and reasoning skills, to reach sound and defensible conclusions / recommendations based on data but being pragmatic as situation and needs dictate
• Understanding and ability to implement/maintain a robust control framework
• Experience in coaching and mentoring staff

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 you.
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Read the full job description and apply online on the recuiter's web-site

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