Actuarial Trainee

Job closing date : 5th November Start date : January 2025 Location : Potters Bar or London Office.
Degree Required: 2:1 Disciplines Recruited From : Mathematics or another numerate subject preferred Salary: Competitive Benefits 1st student rotation within the Capital and SST team Please note: On the application form, under Job specific information you are asked to answer two questions that will be assessed as part of your application.
Please make sure these sections are completed.
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 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.
Key Accountabilities - 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 Desired Knowledge / Experience / Skills Technical Expertise • 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 Communication: • Developing sound analytical and report writing/drafting skills.
• Developing the ability to explain complexities accurately with coaching or support from managers.
Relationship Building: • 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 Problem Solving & Accurate Judgement: • 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.
Developing Self • Actively studying for actuarial exams, usually being less than half-way through their qualification.
• An interested and inquisitive individual who is committed to their own ongoing professional and personal development.
• Developing the ability to apply technical actuarial techniques and understand business/commercial implications.
Degree (or equivalent) in Finance, Mathematics, Statistics or related field Post-graduate qualification in Finance, Mathematics, Statistics or related field (not essential) 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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