Chief Actuarial Specialist

The role of Actuary Ireland is to provide expert actuarial support and guidance across various business functions, including the Standard Life International Actuarial Function team based in Dublin. The primary responsibilities involve supporting the Head of Actuarial Function (HoAF) in reviewing and approving key actuarial documents, as well as providing technical expertise and input into various projects and initiatives.

As an experienced actuary, you will have a strong background in life insurance industry, particularly with unit-linked, annuities, and with-profits business. Your knowledge of Solvency II Standard Formula methodology and its application in calculations will be highly valued. Additionally, your excellent communication skills, both written and verbal, will enable you to effectively communicate complex technical issues to both technical and non-technical audiences.

• Solvency II
  • Coordinate and monitor the evaluation of Solvency II results, oversee general coordination of governance and sign-off of calculations, review appropriateness of methodology, models, processes, assumptions, quality of data, modelling granularity, analysis of change, and approximations and limitations.
  • Support HoAF in production of annual Actuarial Opinion on Technical Provisions (AOTP) and Actuarial Report on Technical Provisions (ARTP).
• Basis and Methodology
  • Support HoAF in production of annual Underwriting Opinion.
  • Support HoAF in reviewing proposals for new initiatives, pricing and product development updates, regular product and pricing reviews.
  • Support attendance at Product, Pricing and Profitability Committee (PPPC), representing Actuarial Function, providing feedback on new proposals, ensuring appropriate actions taken in financial reporting for any changes in business.
• Underwriting & Pricing
  • Support HoAF in production of annual Underwriting Opinion.
  • Support HoAF in reviewing proposals for new initiatives, pricing and product development updates, regular product and pricing reviews.
  • Support attendance at Product, Pricing and Profitability Committee (PPPC), representing Actuarial Function, providing feedback on new proposals, ensuring appropriate actions taken in financial reporting for any changes in business.
• Other Role Requirements
  • Support HoAF in performing regulatory duties, ongoing relationship with CBI, issue resolution processes under intra-group reinsurance agreements.
  • Develop and maintain internal relationships within SL Intl, Finance and Risk functions, Life Actuarial and Life Finance functions within Phoenix Group.
  • Provide support and key input into various changes or projects within SL Intl, wider Group where required.
  Required Skills and Qualifications
  • Qualified Actuary
  • Experience in life insurance industry, particularly with unit-linked, annuities, and with-profits business
  • Knowledge of Solvency II Standard Formula methodology and its application in calculations an advantage
  • Familiarity with HoAF's statutory responsibilities
  • Excellent communication skills (written and verbal), both with technical actuarial audience and also simplifying communication of technical issues to non-technical audience.
  • Ability to understand key issues quickly, form sound judgements on what is important.
  Benefits

Bring your 'whole self', skills and dedication to the organisation and we'll recognise your effort, support your development and help to drive your ambition. We'll ensure you're rewarded for your contribution with competitive package that includes attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave, range of other financial services and lifestyle flexible benefits.

Join us and you join a unique organisation. It's not just 14 million policyholders we serve, or £300 billion of assets we look after. Or that we're a FTSE 100 company that has been listed as one of UK's Top Employers for nine years running. It's our talented, inclusive and diverse workforce that makes us a success. We offer flexible working opportunities ensuring we attract and retain very best of talent. Find out about more about our people's stories, our values and our commitment to diversity.