Senior Actuarial Trainee - Potters Bar, United Kingdom - Irish Life
Description
Location:
Potters Bar, GB
Company:CLFIS Limited
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 customerfocused 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
The Canada Life Consolidation Valuation team, located in Potters Bar, (Herts), are currently recruiting for a part qualified actuary to join them on the company student scheme.
This position will support the valuation and financial reporting of the Company and is an excellent opportunity to develop a thorough understanding of the earnings & capital drivers and work alongside actuarial, accounting & investment teams from across the company.
- The role will involve exposure to reporting, valuation and analysis on an IFRS17, Solvency II, LICAT and UK GAAP basis.
- As a senior actuarial trainee at Canada Life you will be responsible for providing actuarial, statistical and financial insight and analysis to management. You will have the opportunity to advise the business/management to ensure that we are managing our risk exposure to satisfy our statutory responsibilities and the needs of policyholders.
Key Accountabilities
- Assist in the preparation and analysis of Solvency II, LICAT, UK GAAP and IFRS 17 valuations.
- Update and review annual and quarterly QRTs, along with the Canadian Regulatory equivalents.
- Develop and maintain a controlled reporting environment, making improvements to the quality and effectiveness of reporting processes.
- General Responsibilities
- Ensure familiarity with risk management programs, as they impact this role, and follow appropriate risk management procedures to control, monitor and report on business activities
- Ensure compliance with Company policies, regulatory, professional & legal requirements
- Actively study for the qualification as a FIA (or equivalent)
Desired Knowledge / Experience / Skills
Technical Expertise
- Ideally a demonstrable interest in Solvency II and/or IFRS1
- Valuation experience, particular in annuities, would be an advantage,.
Developing knowledge and understanding of different actuarial disciplines including via student rotation.
- Developing the ability to interpret as well as analyse financial information to provide insight for immediate line management.
- Intermediate to advanced MS excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills
- Ability to deliver work to a consistently high standard under tight time pressure with attention to detail
Communication:
- Strong analytical and report writing/drafting skills.
- Can explain complexities in a straightforward and accurate way with coaching or support from managers.
Relationship Building:
- The ability to develop and maintain strong relationships across the actuarial function, 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 occasional 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 effectively plan, organise and execute their own work with little 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, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.
- Proactive in approach to tasks and taking on new responsibilities.
Developing Self
- Actively studying for actuarial exams, usually being over halfway through their qualification.
- An interested and inquisitive individual who is committed to their own ongoing professional and personal development.
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 pacMore jobs from Irish Life
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