Reinsurance Finance Manager

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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.
Further details on our benefits package can be accessed hereBenefits (life-careers.com )
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, Asia and Europe.
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 reinsurance 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 Asia Pacific operations and the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI).
It comprises approximately 160 reinsurance professionals.
It is a proactive, inspiring and friendly environment where talent and hard work are recognised and rewarded.
Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance business.
Lifeco and its companies have approximately 32,000 employees, $3.3 trillion in consolidated assets under administration and a capital ratio (LICAT) of 130% (as at 31/12/2024).
Role Overview
Reporting to the Senior Finance Manager, the role of Reinsurance Finance Manager will involve managing a team responsible for providing accounting services in relation to a portfolio of complex reinsurance transactions.
The key responsibilities include:
Preparation of monthly and quarterly accounts on a transaction basis and reporting same to the senior management team.
Establish sound accounting processes and procedures for new reinsurance transactions written through CL Re Dublin.
Ensure transaction accounts are settled in a timely manner and liaise with treasury personnel to ensure sufficient liquidity is available to facilitate settlements or to advise of incoming receipts to facilitate investment.
Reconciliation of accounts to the general ledger system, ensure third party backup is available to support all balances and entries.
Provision of information to the Statutory & Regulatory Reporing Team for inclusion in the quarterly and annual regulatory returns to the Central Bank of Ireland and the Central Statistics Office.
Prepare and maintain complete and accurate documentation files on all processes and procedures associated with the role.
Adhere to all internal controls over the financial reporting process.
Meet all local and group financial reporting requirements for each transaction within required deadlines;
Facilitate and assist with provision of information to internal and external audit teams in order to facilitate appropriate audit of transactions.
Work cross functionally with the Busines Development function, Actuarial Reporting & Development function and the Actuarial Operations function.
What we are looking for
The ideal candidate will have:
An accountancy qualification (ACCA, CIMA, CAI) with 4+ years experience in a finance related role of an insurance or reinsurance entity.
Experience in a life insurance or reinsurance environment would be an advantage.
Assertive, self-motivated with the capacity to work autonomously, as part of a team and across teams.
A flexible and enthusiastic approach to work with a strong appetite to learn and develop.
Strong analytical skills and problem solving abilities.
An ability to plan work, manage time effectively and ensure timely completion of all deliverables.
The capacity to effectively and efficiently solve problems and make decisions.
Well developed verbal and written communication skills, and in particular an ability to effectively communicate complex concepts.
Knowledge of the reporting requirements of C-IFRS.
IFRS 17 experience would be an advantage
Competent user of MS Excel, MS Word and MS PowerPoint.
Experience of an operating accounting packages would be beneficial (ideally SAP).
A commitment to working in a diverse and inclusive workplace.
Communication and Influencing
Leadership
Drive for Results
Problem Solving and Decision Making
Team Working and Cross Functional Collaboration
Building and Maintaining Relationships
About us
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 headquartered, 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, $3.2 trillion in consolidated assets under administration and a capital ratio (LICAT) of 130% (as at 31/12/2024).
As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
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 ****** 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.
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