Canada Life Assurance Europe plc
Senior Actuarial Trainee

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Senior Actuarial Trainee
Actuarial Student Scheme – Bulk Purchase Annuities (BPA) Rotation
Location: Bristol, London, or Watford office
Canada Life UK is dedicated to supporting individuals, families, and companies with retirement, investment, and protection needs. As part of Great-West Lifeco, we’ve delivered trusted financial solutions in the UK since 1903. Committed to ethical excellence, we’re transforming into a customer-focused business, offering tailored financial and tax planning, home finance solutions, and collective funds.
About the Role
We’re looking for an actuarial student to join our proven Actuarial Student Scheme, designed to accelerate your progression towards a Fellowship of the Institute and Faculty of Actuaries. This structured programme provides hands-on experience through rotations across key areas of our business.
Your first rotation will be in the Bulk Purchase Annuities (BPA) team within New Business Pricing, where you’ll contribute actively to pricing and executing complex bulk annuity transactions. You’ll also liaise with BPA reinsurance, Data Verification, and Member Options teams.
Each rotation is typically 18–24 months, with subsequent placements made across specialist actuarial teams—helping you develop a well-rounded professional skillset.
Key Accountabilities
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Pricing & Business Execution
- Support the pricing and transactional workflow for bulk annuity deals, ensuring accuracy and alignment with commercial needs.
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Data & Analytical Expertise
- Manipulate, validate, and model pension scheme data with precision.
- Generate and interpret scheme liability cashflows for decision-making.
- Apply technical actuarial techniques while considering business/commercial trade-offs.
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Process Improvement
- Identify opportunities to enhance pricing tools and workflow efficiency.
- Collaborate with teams across BPA to adapt working practices and achieve shared outcomes.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
- Broader Responsibilities
- Progress towards FIA qualifications, balancing study commitments with meaningful practical experience.
- Develop and refine actuarial pricing methods in accordance with regulatory (TAS) and End User Computing frameworks.
General Expectations
- Lead by example in fostering an inclusive and collaborative culture.
- Maintain rigorous risk-awareness, adhering to company governance, compliance, and regulatory standards.
- Contribute to a robust actuarial control environment and governance processes.
Desired Skills & Experience
- Previous Actuarial or Data-Related Background: Familiarity with actuarial workflows is essential.
- Technical Proficiency:
- Advanced Excel skills are mandatory; Prophet experience is highly valued.
- Strong numerical, analytical, and problem-solving acumen with meticulous attention to detail.
- Data & Stakeholder Management:
- Experience interpreting large datasets and communicating insights accessibly.
- Proven independence combined with effective collaboration under deadlines.
- Pension Fund Knowledge:
- Acesite at understanding defined benefit pensions and bulk annuity transactions.
- Commercial Awareness:
- Ability to translate actuarial findings into business-decision-sounding language.
- Soft Skills:
- Clear, structured, and timely communication—both verbally and in writing—for internal and external stakeholders.
Benefits You’ll Enjoy
We champion a rewarding, balanced culture where professional growth is prioritised. Compensation is competitive, in line with market standards, and includes the following benefits:
- Generous Pension Provision with strong performance-linked bonus opportunities.
- Work-Life Harmony:
- Comprehensive healthcare (private medical insurance, life assurance, income protection).
- Ongoing development programmes, mentorship, and scholarship support.
- Flexibility Initiatives: Open dialogue on part-time or tailored schedules as needed.
- Physiological Compensation:
- Beyond financial remuneration, we invest for long-term operational excellence—modernity, autonomy, and well-being make Canada Life a chosen employer.


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Our Culture & Commitments
“At Canada Life, we harness diversity and inclusivity to drive meaningful outcomes. By blending varied talents, we model our workplace around collective curiosity, accountability, and adaptability.” – Nick Harding, Chief People Officer
We role-model a culture founded on five core behaviours:
- Be Curious: Seek unexplored opportunities.
- Own the Outcome: Fulfil commitments with ownership.
- Face into Together: Engage relationships with courage and collaboration.
- Find Our Way Forward: Adapt to change swiftly and decisively.
- Build Better Futures: Pause to acknowledge those we serve.
Growth Mindset:
- Professional development is central—whether it’s upskilling in data science, leadership tools, or industry certifications.
- Training & Development:
- INET/IRM support, online learning platforms, and cross-team movement opportunities.
- Ongoing feedback mechanisms ensure aligned, progressing career paths.
Inclusivity Leading the Way:
- Canada Life is a proud champion of diversity, equity, and inclusion (DEI), initiatives that drive innovation and enrich workplace creativity. Our commitment is recognised through continued transparency, and ongoing DEI projects designed to embed such values organisation-wide.
Join Us
If you’re enviously curious about actuarial roles, driven by data and detail, and eager to build a sustainable career with a progressive employer—we encourage you to explore this opportunity. drive a stimulating future with a business that truly understands sound financial advice is about people’s and communities’ prosperity.
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