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Location: London
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 Summary:
The Actuarial Reporting Team Lead is responsible for leading the delivery of actuarial review and analysis for group, management, regulatory and statutory reporting. The role combines strong technical actuarial capability with team leadership, ensuring high quality outputs, effective controls, and clear explanations of results. The role is hands on and delivery focused, leading a team to deliver in a clear, timely and controlled manner.
What will you be doing:
Actuarial Reporting & Delivery
• Lead the consolidation, review and delivery of actuarial results for IFRS 17, Solvency II and internal management reporting.
• Oversee timely and accurate quarterly reporting, working closely with the Head of Modelling & Production and escalating issues to senior management where needed.
• Manage the production and review of Solvency II Own Funds, Matching Adjustment PLAs and Quantitative Reporting Templates (QRTs).
• Deliver actuarial reporting across multiple frameworks including PRA returns, CIFRS, LICAT and UK GAAP.
Analysis & Insight
• Analyse experience, assumption changes and key drivers of results, translating complex outcomes into clear, meaningful insights.
• Prepare high quality presentations and reports, including explaining IFRS 17 and Solvency II technical provisions to senior leadership in the UK and Canada.
Controls, Governance & Audit
• Maintain robust documentation, controls and evidence to meet internal standards and external audit requirements.
• Lead responses to audit queries and internal reviews, resolving issues efficiently and professionally.
Team Leadership & Development
• Provide day to day leadership, coaching and technical oversight to qualified actuaries and trainees.
• Set direction, review work and ensure actuarial and accounting principles are consistently applied.
• Manage performance, support development and foster a collaborative, high performing team culture.
Process Improvement
• Champion efficiency and continuous improvement across actuarial reporting processes.
• Work closely with reporting and production teams to streamline processes and eliminate duplication.
Technical Oversight
• Lead expense basis reviews and obtain Actuarial Oversight Function sign off.
• Review and sign off results across reporting bases to ensure appropriateness and consistency.
What Experience will you have:
• Experience of working in an actuarial reporting team within a life insurance company
• Good knowledge of IFRS 17 and SII frameworks
• In depth knowledge and experience of actuarial valuation rules, requirements and techniques.
• Able to build relationships and gain trust and respect at all levels
• Strong attention to detail and ability to review actuarial work to a high standard.
• Confidence using actuarial models, spreadsheets and reporting tools.
• Strong organisational skills and a proven track record at delivering reporting requirements under tight deadlines.
• Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences including non-actuaries)
• Proven track record of leading a team
• Demonstrates a continuous improvement mindset
Qualifications
• Qualified Actuary FIA
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 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 Life
Our 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 inclusion
Building 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 UK
We 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.