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Location: London Office
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
- Support the company’s balance sheet optimisation efforts and development of the company’s balance sheet optimisation model.
- Develop and implement new asset structuring solutions as part of the company’s investment strategy and risk management toolkit.
- This position would suit a newly or recently qualified actuary with either investments, capital or life insurance experience.
This position is located in our London City office.
Key Accountabilities
Asset Structuring:
- Support in the production of business cases for potential new asset structuring solutions to support Canada Life’s annuity investment strategy.
- Contribute to the implementation and embedding of structured asset solutions scoped for further development, in conjunction with other members of the ALM department.
- Contribute to detailed analysis of items covered in the business case, including but not limited to contribution to the production of prototype models for the respective asset classes.
Balance Sheet Optimisation:
- Support efforts to expand Canada Life’s MA portfolio, including performing the necessary analyses.
- Input into the drafting of Canada Life’s MA Application where applicable for structuring solutions within agreed timelines.
- Contribute to the solution design, specification and setting of requirements for Canada Life’s Balance Sheet Optimisation model.
Desired Knowledge / Experience / Skills
- Knowledge of Solvency 2 regulations and the Matching Adjustment.
- An understanding of the workings of an insurance company balance sheet, capital requirements and rating methodologies for structured assets.
- Experience in coding in Python.
- Exceptional problem-solving skills and attention to detail.
- Effective communication skills and the ability to adapt the message to the audience.
- Demonstrates personal drive, energy, persistence and self-motivation.
- Good time management and the ability to work effectively under time pressure.
Qualifications
Fellow of the Institute and Faculty of Actuaries (or equivalent).
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.
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.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential is a key commitment for us.
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