Canada Life and Irish Life
Senior Actuary (BPA Operations)
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Job Title: Senior Actuary – Bulk Annuity Operations
Location
Bristol, London, or Watford office
About Canada Life UK
Canada Life UK provides retirement, investment, and protection solutions to individuals, families, and businesses. Since 1903, we have been committed to building better futures for our customers, intermediaries, and employees through a modern, agile, and welcoming approach.
As part of Great-West Lifeco, Canada Life UK is undergoing transformation to become even more customer-focused. This includes offering tax planning advice, home finance, annuity solutions, and customised fund solutions.
Job Purpose
Canada Life UK’s Bulk Annuity Operations team is growing, and we are seeking a qualified actuary to oversee a pivotal role.
This opportunity allows you to:
- Lead a team of actuaries and analysts to deliver high-quality bulk annuity quotations.
- Automate calculations to enable members to self-serve as they near retirement.
- Review legal agreements and actively contribute to negotiations with external partners.
- Support business development and client relationship management through stakeholder meetings.
- Manage compliance and risk governance while staying informed about industry developments.
- Provide expert support to drive change and improvements aligned with business needs.
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You’ll need strong defined benefit (DB) pension knowledge, market awareness of bulk annuities, and significant stakeholder management experience. You must be able to communicate complex technical matters—both to senior management and non-actuaries—while developing and maintaining an actuarial control framework.
Key Accountabilities
- Managing a team of actuaries and analysts to produce and review quotations.
- Automating calculations for self-service retirement solutions.
- Reviewing legal agreements and actively participating in contract negotiations with external stakeholders.
- Supporting business development and client meetings, where appropriate.
- Ensuring compliance and risk governance while managing key stakeholders.
- Keeping up with industry trends to align business strategies accordingly.
- Providing guidance to colleagues and facilitating change to meet organisational needs.
Desired Knowledge, Experience, and Skills
- Strong knowledge of UK Defined Benefit pensions.
- Familiarity with bulk annuity markets and products.
- Experience in stakeholder management.
- Exceptional communication skills, especially explaining technical issues to senior colleagues, clients, and non-actuaries.
- Ability to establish and maintain an actuarial control framework.
- Qualified actuary (essential).
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Benefits of Working at Canada Life
We believe in recognising and rewarding employee contributions, offering:
- A competitive salary and benefits package, regularly reviewed.
- Generous pension and bonus schemes.
- Income protection, private medical insurance, and life assurance.
- Flexible working arrangements, including part-time options, to support work-life balance.
- Career development, including ongoing training, learning, and promotion opportunities.
Our Culture
At Canada Life, we prioritise an environment that fosters connectedness, trust, and meaningful work. Our commitment to diversity and inclusion ensures a welcoming workplace so everyone can thrive.
Our behaviours—curiosity, ownership, and collaborative problem-solving—drive how we work together.
"At Canada Life, we believe that great people from diverse backgrounds come together to build better futures. Emerging talent and inspiration go hand in hand with our growth." – Nick Harding, Chief People Officer, Canada Life UK
Equal Opportunities
We value flexibility and understand each person’s work-life responsibilities. If suitable arrangements are essential, we will discuss flexible working solutions as part of this role.
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