Senior Actuary, Actuarial Reporting Permanent, CL Reinsurance

Location:

Dublin, IE

Description:

Full Time, Permanent position
Hybrid role based in our City Centre offices

What we offer
We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.

We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.

After a very successful period of growth over recent years, CL Re has developed a significant and diverse portfolio of reinsurance transactions. The Actuarial Reporting team is a cornerstone of the Actuarial Function. The team is responsible for the actuarial reporting deliverables of the Dublin office (actuarial liabilities, earnings analyses, capital, ALM reporting, business plan, financial condition testing etc.).

A project is scheduled to commence in 2025 to further develop and automate the quarterly process of calculating and explaining IFRS investment earnings (the ‘Net Investment Result’). A bright, talented and motivated individual is sought to fill a Senior Actuary role on the team to undertake the project work.

This role would suit an experienced reporting, investment or ALM actuary who:

• Is at ease working on deep technical matters and complex models.
• Wants to be part of a forward-thinking team where creativity and problem-solving is central to what we do.
• Enjoys learning and developing, and thrives in a fast-paced environment.

In this role, the successful candidate will:

• Develop a deep understanding of the Actuarial Function deliverables in the asset and ALM space, the existing processes and systems, and the associated challenges and limitations.
• Build knowledge and expertise on the CL Re balance sheet, the different exposures and the associated modelling and reporting. This includes:
  • The different asset classes and associated hedges (bonds, ERMs, CLOs, senior secured lending, interest rate swaps, currency swaps, currency forwards…etc.).
  • The interest, credit, inflation and currency risks.
  • The asset yield curves and liability discount curves.
• Work with the different Divisional and Group teams to develop and implement an enhanced, automated and industrialised Net Investment Result process. This will include:
  • Representing CL Re on relevant forums as well as engaging collaboratively and proactively to ensure Group solutions meet CL Re requirements.
  • Contributing (input, review, challenge…etc.) to the development of different methodologies, approaches and proposals. Manage the implementation of the new processes.
  • Discharging the necessary project management and governance. Develop co-ordinated and cohesive work plans to deliver the solution and provide accurate estimates for effort and timelines. Draft accurate, clear and concise documentation and effectively communicate key insights, project updates and results to all stakeholders (Chief Actuary, Chief Financial Officer, Chief Operating Officer…etc).
  • Keeping up to date with emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.

The ideal candidate will have:

• An actuarial qualification with at least five years post-qualification relevant technical experience.
• Demonstrated experience across some of the following:
  • Asset and liability cash flow modelling, interest and inflation modelling, cash flow matching and ALM techniques.
  • Financial reporting and capital reporting.
  • Developing finance and actuarial processes, project work (including delivering project timetables and communicating progress to relevant stakeholders) and change management.
  • Experience working with actuarial modelling (e.g., Excel, Prophet), data management (e.g., SQL) and data visualisation (e.g., PowerBI) software.
  • Strong verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to different audiences.
  • A high level of comfort operating in an environment with some ambiguity, change and uncertain parameters.
  • Well-developed professional judgement and be at ease balancing urgency and importance.
  • An appetite to work effectively in partnership with senior management across the Dublin office, the Division, and the Group. A demonstrated capacity to build relationships, gain trust and command respect at all levels.
  • A strong work ethic, pragmatic, a willingness to work to a flexible schedule and travel occasionally.
  • An ability to plan work, manage time effectively and ensure timely completion of all deliverables. In particular experience managing multiple workstreams simultaneously to demanding schedules.
  • The capacity to solve problems and make decisions effectively and efficiently.

• Innovation and Change
• Communication and Influencing
• Problem Solving & Decision Making
• Drive for Results
• Planning & Organising

Canada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the solutions it offers to new and existing clients in many global markets.

CL Re has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re’s European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 170 reinsurance professionals, including 120 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.

Lifeco is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Lifeco and its companies have approximately 32,000 employees, $3.0 trillion in consolidated assets under administration and a capital ratio (LICAT) of 134% (as at 30/09/2024).

The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Canada Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Canada Life Reinsurance by Recruitment Agencies will not be accepted for this role.

Canada Life Group Services is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported. We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.

If you require any accommodations during the recruitment process please contact Lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.

CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland.