Senior Actuary; ALM Reporting team Job Newark area,New Jersey USA,Finance & Banking

Position: Senior Actuary (ALM Reporting team)

Location

London.

About Canada Life UK

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 expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Job Purpose

We are looking for an Actuary to join the Asset & Liability Management (ALM) Reporting Team, a strong team of four actuaries, two actuarial trainees and an actuarial analyst. Your role will be to lead the production of Matching Adjustment reporting, embed Solvency UK initiatives, and support European ALM reporting across the Great-West Life group, including diverse portfolios of bond, finance lease, real estate and commercial and equity release mortgage investments, and individual/bulk annuities, protection and wealth products.

The successful candidate will possess strong interpersonal, communication and analytical skills as well as a strong technical background. Key stakeholder relationships include:
Finance leadership team, Reinsurance Division (CLRe) and Irish Life actuarial leadership teams including Chief Actuary, Investment Reporting, Front Office Actuarial and fund management teams.

Key Accountabilities

Provide accurate financial analysis, advice and support to a specific area of the business, making recommendations with support from more senior colleagues. Analyse risk factors to demonstrate understanding and management of risk exposure to the organisation, supporting appropriate action to manage and mitigate risk exposure. Operate cross-functionally across the business on BAU and project activities, demonstrating your ability to collaborate and influence senior stakeholders in the function.

Produce regular reports and reviews, providing insight and commentary for senior managers to ensure compliance with legislation and internal control requirements. Support the analysis for regular reports taking into account up-to-date industry developments and issues to inform decision making. Support continuous review and improvement of department processes and procedures, implementing recommendations and owning their implementation.

Make considered and commercially astute recommendations to immediate line management about the pricing, valuation and/or design of new and existing products, ensuring new business is written on profitable terms and appropriately valued. Review work performed by actuarial colleagues, providing feedback and mentoring as part of their development. Lead continuous reviews and improvements of department processes and procedures, taking into account industry developments and ensuring provision of a timely, accurate, commercial and efficient actuarial service.

Mentor and coach part-qualified actuaries and other actuarial support colleagues, modelling our values at all times, acting with integrity and representing the function with pride and passion.

Desired Knowledge / Experience / Skills Technical Expertise

Developing expertise in one or more areas within the function, demonstrating sound understanding of complex statistical methods and models with the ability to interpret financial information and controls.
Validating the work of non-qualified and recently qualified actuaries.
Good knowledge of a variety of actuarial models and controls and their commercial application/implication.
Advanced MS Excel skills demonstrating efficient use of spreadsheets and basic data manipulation skills.

Communication

Excellent analytical and report writing/drafting skills.
Can explain complexities in a straightforward and accurate way to audiences of differing levels of understanding, with coaching or support from senior managers.
Pro…


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