Actuary (Modelling Production)

Irish Life; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading company in the financial services sector is seeking an experienced qualified actuary for a 6-month fixed-term contract in London. The role involves leading actuarial analysis, managing teams, and advising senior management on risk management and financial insights. The ideal candidate will have significant experience in the life insurance industry and expertise in IFRS 17 and Solvency II.

Benefits

Generous pension

Bonus scheme

Private medical insurance

Life assurance

Qualifications

• Significant experience in the life insurance industry.
• Proven ability to lead high-profile projects.
• Experience in IFRS17 and Solvency II financial reporting.

Responsibilities

• Lead actuarial, statistical and financial insight and analysis.
• Oversee analysis and insight produced by other actuaries.
• Manage, coach, develop and motivate a team of actuaries.

Skills

Communication

Problem Solving

Relationship Building

Taking Initiative

Education

Fellow of Institute of Actuaries

Job description

Location: London (Please note there is an expectation to be in the office at least twice a week)

Duration: 6-month fixed-term contract.

Canada Life UK manages the retirement, investment, and protection needs of individuals, families, and companies. We aim to build better futures for our customers, intermediaries, and employees by being a modern, agile, and welcoming organization.

Part of our parent company Great-West Lifeco, Canada Life UK has been operating in the UK since 1903, with hundreds of dedicated employees committed to doing the right thing for our stakeholders.

We are transforming to become more customer-focused by providing expertise in financial and tax planning, offering home finance and annuities, and delivering collective fund solutions to third-party clients.

Job Purpose

As an experienced qualified actuary at Canada Life, you will lead actuarial, statistical, and financial analysis for senior management, oversee analysis by other actuaries, and manage small to medium teams of qualified and part-qualified actuaries and analysts. Your technical expertise and commercial understanding will enable you to advise the business, influence decisions, and ensure risk management aligns with Canada Life’s risk appetite, statutory obligations, and policyholder and regulator needs.

This role is a 6-month FTC within our Modelling Production Team, overseeing and reviewing model runs and analyses performed by analysts and trainee actuaries. Proven prophet valuation experience and practical IFRS 17 and Solvency II modelling expertise are required.

Key Accountabilities

1. Modeling and Analysis: Ensure accurate modeling, financial analysis, and advice, making commercially sound recommendations. Lead risk analysis activities and collaborate across functions to manage risk exposure effectively.
2. Communication: Present insights and recommendations to senior executives clearly and effectively, tailoring messages for different audiences and influencing decision-making.
3. Reporting and Process Improvement: Oversee production of reports and long-term planning, continuously reviewing and improving departmental processes based on industry developments.
4. Control Frameworks: Implement and review actuarial control frameworks, ensuring high-standard, compliant insights and commentary for senior management and boards.
5. Team Management: Manage, coach, and develop a team of actuaries, fostering their professional growth and ensuring optimal performance.

Desired Knowledge / Experience / Skills

• Technical Expertise: Strong commercial awareness, experience with complex models, and expertise in life insurance, IFRS17, and Solvency II.
• Communication: Excellent written and verbal communication skills, with experience engaging with senior management and boards.
• Relationship Building: Ability to develop strong relationships across teams, demonstrating integrity and adaptability.
• Initiative and Problem Solving: Strong analytical skills, attention to detail, and independence in decision-making.
• Leadership: Proven experience in managing and motivating diverse teams, with coaching skills for technical and non-technical development.

Qualifications

Fellow of the Institute of Actuaries (or equivalent).

Benefits

Competitive salary, pension, bonus scheme, income protection, private medical insurance, life assurance, and other professional development opportunities.

Our Culture and Values

We foster a culture of curiosity, ownership, collaboration, and innovation. We invest in our people and support flexible working arrangements to promote work-life balance.

Diversity and Inclusion

We are committed to creating an inclusive environment where everyone can thrive, regardless of gender, ethnicity, or background. We value diverse perspectives and experiences, believing they are key to our success.