Actuarial Director

1 month ago

Dublin, Ireland Scor Full time
Job Description

Reporting to the CFO of SGRI with a dotted reporting line to the CFO SI, this key position will be responsible for managing the outputs of a large actuarial team and supporting the delivery of IFRS (including transition and reporting under IFRS17), Solvency II, business performance analysis and reporting, capital and liquidity management and providing support for key actuarial initiatives and projects.

Responsibilities

  • Manage Economic Reporting Results
    • Responsible for ensuring that appropriate processes and policies are in place for Solvency II purposes
    • Ensuring timely production of all relevant regulatory reporting requirements relating to the actuarial team.
    • Preparing analysis and reports regarding solvency
    • Pillar I internal model activities
    • Solvency Monitoring & Capital Management
    • Calculate interim estimated solvency position for monitoring
  • Group IFRS and Local Companies Act reporting
    • Ensuring appropriate processes are in place for quality and timely production of Group IFRS and Local Companies Act actuarial reserves and related balances
    • Analyse and document explanations for movement in reserves
    • Prepare Group/local memos on a quarterly basis
    • Review and explanation of other technical items if necessary (including those required under IFRS17)
    • Preparing Liability Adequacy Testing
    • Preparing documentation and support to the local auditors
  • IFRS 17
    • Liaising with Group IFRS 17 Project
    • Ensuring local entities are prepared for IFRS 17 implementation
    • Ensuring local entity staff and Boards are appropriately knowledgeable regarding IFRS17
  • Business performance analysis
    • Work closely with Business Performance Management Teams in Group to improve current processes for optimised efficiency and productivity
    • Supporting the life financial business plan analysis - including earnings, solvency, liquidity, capital and dividend planning. Analysis of performance against the plan.
    • Preparation of analysis memos for key stakeholders such as Division, Group, Board, Audit and Risk Committees.
  • Miscellaneous
    • Management of collateral processes and activity
    • Management of the actuarial aspects of SLA agreements
    • Actuarial support for key projects and initiatives, e.g. quantifying impacts on the financial, solvency and business performance metrics positions of proposed transactions
    • Experience investigation & assumption setting
    • Actuarial input to Client Audits
  • Leadership
    • Supporting the development of the team to improve performance and grow & develop people.
    • Leadership of the function with the right culture and values.
    • Create a clear vision for the team, define where the team is going and how it will get there
    • Support the team for succession planning


Qualifications

Experience:
  • At least 5- 8 years relevant experience

Personal Competences:
  • Excellent interpersonal skills to quickly develop good working relationships both locally and throughout the SCOR group.
  • Strong aptitude, with ability to quickly bring existing skills and knowledge to bear on new challenges.
  • Strong communication skills with the ability to explain highly technical and complex issues to both technical and non-technical audiences.
  • Excellent leadership skills to lead, motivate, and develop team members
  • Highly organised with the ability to manage and to report on multiple and competing priorities and to meet deadlines.
  • Results driven.
  • A passion to lead by example when it comes to producing deliverables of highest quality, with an emphasis on structured presentation and attention to detail.

Required education

Qualified Actuary Min 8 years PQE

About Us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

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