Senior Manager, Basis Management

Overview

Senior Manager, Basis Management role at Canada Life. This is a one-year contract role to cover a maternity leave. The role is hybrid and 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 here Benefits (life-)

Role Overview

Canada Life Reinsurance (CL Re) has developed a significant and diverse portfolio of reinsurance transactions. The Basis Management team supports the production, development, and oversight of the CL Re experience studies and actuarial assumptions.

A bright, talented and motivated individual is sought to fill a Senior Manager role on the Experience Studies team, reporting to the Head of Basis Management. This role would suit an experienced actuary who embraces people management and enjoys working in a fast paced, dynamic environment.

This is a one-year contract role to cover a maternity leave.

The successful candidate will be responsible for planning and overseeing the production of the CL Re experience studies to:

• Update the business on how experience is materialising relative to assumptions.
• Provide the relevant data, analysis and insight to support the actuarial assumption reviews.

What you will help us to achieve

In this role the successful candidate will:

• Manage, motivate, and develop a small team of actuaries and trainee actuaries.
• Produce regular mortality, lapse, and claim experience studies.
• Implement new reinsurance transactions into the experience study model.
• Draft accurate, clear, and concise documentation and effectively communicate key insights and results to senior management.
• Support the design, development, and implementation of improvements to the experience study methodology, models, and processes (including governance and controls) to optimise existing studies, accelerate production timelines and enhance the controls environment. This involves:
  • Maintaining a deep understanding of experience study methodologies and data analytic techniques. This will include keeping up to date with industry developments and new technologies to keep pace with best practice, changing demands and requirements.
  • Working with the Operations, New Business and Actuarial Reporting teams to identify and resolve data flow and data quality issues.
  • Support and contribute to relevant CRS and Group projects and strategic initiatives
  • Keep up to date with emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.

What you will need to be successful in the role

The ideal candidate will have:

• An actuarial qualification with 4+ years post-qualification relevant technical experience.
• Good knowledge and experience of experience studies, assumption setting, actuarial reporting and/or pricing.
• People management experience with the ability to manage a team to successful outcomes.
• An ability to plan work, manage time effectively and ensure timely completion of all deliverables.
• Experience managing multiple workstreams simultaneously to demanding schedules.
• A strong work ethic and a willingness to work to a flexible schedule.
• Strong verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
• The capacity to solve problems and make decisions effectively and efficiently.
• Well-developed professional judgement and be at ease balancing urgency and importance.
• A demonstrated capacity to build relationships, gain trust and command respect at all levels.
• An appetite to work effectively in partnership with senior management across the Dublin office, the Division, and the Group.
• Extensive experience with MS Excel, MS Word, MS PowerPoint.
• Experience working with data management (e.g., SQL) and data visualisation (e.g., PowerBI) software.
• Functional and Technical
• Team Working & Cross Functional Collaboration
• Planning & Organising
• Problem Solving and Decision Making
• Innovation and Change

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.

Seniority level

• Mid-Senior level

Employment type

• Contract

Job function

• General Business and Management

Industries

• Insurance and Financial Services

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