Job title: Actuarial Assistant
Job type: 12 month fixed term contract
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.
What we’re building:
We now need an Actuarial Assistant to support the transformation and the future growth of the business within the Finance division, so it can be a trusted and commercial partner that influences the business to make good financial decisions, by delivering excellent support, expertise and high quality Management Information
Who we are looking for?
◾Applicants will have experience in an actuarial role and have at least three A levels (or equivalent) and a degree (2:1 or higher), ideally in mathematics or another numerate subject.
◾We are looking for excellent communicators with strong problem solving skills. Successful candidates will be motivated to maintain our strong record in the challenging professional examinations.
Duties and Responsibilities:
•Assist with statutory and regulatory reporting requirements
•Assist in the production of Actuarial reports to enable management to make informed financial decisions and comply with regulatory requirements and in the management of risk. These reports include but are not limited to: profit testing; determining reserves; experience studies; projection and planning.
•Assist with the determination of the liabilities to ensure that valuation controls are maintained, the amount is adequate and corporate policy is implemented.
•Assist in the analysis of reserve movements and earnings, including drafting reports and salient commentary.
•Assist in Capital calculations: LICAT / ORSA / DCAT / SCR
•Analyse experience in order to derive suitable assumptions for Pricing and Valuation.
•Assist in producing and analysing the financial plans for the company to ensure that sufficient capital is available and the expense budgets can be determined.
•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.
•Assist with internal and external audit queries
•Actively studying for the actuarial exams and making acceptable exam progress, as determined by the company.
•Strong numerical aptitude and attention to detail.
•Excellent communication skills both written & verbal.
•The ability to analyse, identify and comment on variances and trends in business performance data.
•Ability to communicate well at all levels both written & orally.
•Ability to work in an organised and efficient way to meet monthly and quarterly departmental deadlines.
•Able to work in a team and towards targets.
•Enthusiastic and confident approach to new challenges and drive to develop technical and functional expertise and awareness of the business.
•The ability to multitask and manage multiple demands in an efficient way
•Ability to use own initiative
•Flexible approach with the ability to work under pressure and manage time efficiently between work commitments and study
•Ability to expresses views/ideas clearly, logically in written and oral form
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.