Senior Actuary - Potters Bar, United Kingdom - Canada Life

Canada Life

Verified Company

Potters Bar, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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 experienced qualified actuary at Canada Life you will be responsible for leading actuarial, statistical and financial insight and analysis to senior management, overseeing analysis and insight produced by other actuaries where appropriate and leading small to medium sized teams of qualified and part-qualified actuaries and analysts.

Using your significant specialist technical expertise and solid commercial understanding you will take a lead within the team and function to advise the business and influence decisions, ensuring that we are managing risk to the business in line with Canada Life's risk appetite, complying with our statutory responsibilities and meeting the needs of our policyholders and regulators

Key Accountabilities:

Leading risk analysis activity within your discipline, you will be responsible for effectively operating crossfunctionally across the business on BAU and project activities, where the key to success will be demonstrating initiative combined with your ability to collaborate and influence senior stakeholders across different team and disciplines and other areas of the Canada Life group. 25%
Communicate to senior executives (Executive Director Individual Business, CFO, Head of Actuarial Function and other Heads of function and Director level stakeholders), in an appropriate manner, the impact, financial and otherwise, of the various actuarial investigations, reports, recommendations and analyses and provide recommendations to senior executives to ensure successful business operation.
Additionally, using your experience and your deep knowledge of the business and the work done by your team, you will consider developmental opportunities, making recommendations to your line manager to improve operational efficiency and competitive advantage.
Initiating and overseeing the production of regular reports and annual/longer term plans undertaken by other actuaries, taking accountability for leading the continuous review and improvement of department processes and procedures. Your oversight will take into account uptodate industry developments and issues to ensure to ensure the provision of a timely, accurate, commercial and efficient actuarial service to the business and key stakeholders across the business.
Oversee and implement actuarial control frameworks, initiating regular review of appropriate actuarial controls and analysis. Ensuring insight and commentary for senior managers and boards is written to a high standard and complies with legislation and our own internal control requirements.
Manage, coach, develop and motivate a team of qualified and partqualified actuaries in order to optimise the performance of the team in line with the Divisions objectives. You will be responsible for reviewing the recommendations of qualified and partqualified actuaries and providing feedback, coaching and mentoring to support their development.
Develop the skills and knowledge of team members so that they have the expertise to achieve the business requirements, as well as maximising individual development.

Desired Knowledge / Experience / Skills:

Technical Expertise
Understand complex statistical and financial models across a range of actuarial disciplines, as well as the expertise to interpret and recommend commercially astute courses of action; constructively challenging and helping develop others' thinking and understanding.
Proven ability to lead on highprofile projects, utilising experience in project management techniques to deliver complex projects ontime, infull.
Willing and capable of taking difficult and complex decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.

Communication

Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management, including Board level.
Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by nontechnical collea