Title:  Head of BPA Projects


Potters Bar, GB

Company:  CLFIS Limited


This position is being recruited within the SMCR regime.


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 Purpose

To lead bulk annuity strategic projects and ensure appropriate actuarial controls and monitoring of pricing are in place. Working with colleagues across the company, including LifeCo companies and embedding new processes for CLL.  

This role will manage, motivate and develop the performance of a group of individuals in their team and collaboratively work with teams across the UK, Canada and with external parties.

Key Accountabilities

- Lead a team of qualified actuaries and trainees that are responsible for the development & pricing of bulk annuities under bulk annuity strategic projects. This includes recruitment, 121’s, coaching and development, day to day management and annual performance reviews. 
- Communicate to and influence Senior Executives (Executive Director Insurance, CFO, Chief Actuary etc.), in an appropriate manner, on the impact, pricing and otherwise, of bulk annuity quotations under strategic projects e.g. external reinsurance, process efficiency & capital company modelling. 
- Develop, gain approval and execute pricing & reinsurance arrangements for bulk annuity strategic projects to widen market opportunity, improve competitiveness, capital efficiency and profitability of bulk annuities. 
- Review and produce actuarial reports, including pricing reports, and statements.
- Provide support to strategic project programmes as required.  This includes external negotiations, and contribution to the bulk annuity strategy. 
- Act as subject matter expert and lead business project work streams as required by the development schedule. 

Desired Knowledge / Experience / Skills

- Previous experience of managing a team and resource planning is essential.  
- Knowledge of UK Bulk Annuity markets and reinsurance structures.
- Analysing and reasoning skills, to reach sound and defensible conclusions / recommendations based on data but being pragmatic as situation and needs dictate.
- Ability to apply actuarial techniques to business problems.
- Influencing skills in order to manage a range of stakeholders to enable delivery of desired objectives.
- Strong communicator with the ability to communicate complex technical and pricing concepts to a variety of stakeholders.
- Able to build relationships with people at all levels.
- Understanding and ability to implement/maintain an actuarial control framework.
- Qualified Actuary 

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.