Senior Actuary

Job Description Location: Watford, HertfordshireCanada 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 PurposeThere is an opportunity for a Senior Actuary to join the Bulk Annuity Pricing Basis team. The successful applicant will support the business unit in achieving its annual business plan by bringing model and process enhancements into BAU and ensuring appropriate pricing basis and methodologies are in place.Key Accountabilities1. Review and contribute to UAT of model developments relating to bulk annuity proposition and process efficiencies.2. Take ownership of pricing basis and methodology developmentscontributing ideas for changeliaising with SMEs and oversight teamsdeveloping proposals and presenting to governance committees.overseeing model developments for approved changes.3. Ensure pricing basis, models and processes adhere to Canada Life's risk tolerances and are compliant with appropriate governance.4. Supporting the wider Pricing team throughbeing responsive to questions relating to live quote work.organising training sessions for process changes.5. Develop and maintain relationships with other teams, focusing on other bulk annuity teams such as Proposition, Strategy and Operations Front Office ALM Risk and AFO6. Keep abreast of industry issues and developments to ensure the business processes and strategies are in line with the industryDesired Knowledge / Experience / SkillsStrong knowledge of UK Defined Benefit pensions.Familiarity with bulk annuity market and products.Understanding of capital modelling and profit testing.Experience of managing stakeholders.Strong communication skills (able to communicate technical issues to senior people including non-actuaries).Understanding and ability to implement/maintain an actuarial control framework- Qualified actuaryBenefits of working at Canada LifeWe 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 package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.How we work at Canada LifeOur culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.Diversity and inclusionBuilding an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus."At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UKWe appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.JBRP1_UKTJ

Created: 2026-03-31