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Senior Actuary, Actuarial Development 12 Month Fixed Term Contract, Canada Life Reinsurance
1 week ago
Location: Dublin, IE
Full Time Fixed Term Contract 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 CL Re has developed a significant and diverse portfolio of reinsurance transactions.
The New Business Support and Oversight team provides actuarial oversight of the methodologies and assumptions used in new reinsurance transactions and supports their implementation into the actuarial reporting production environment.
A bright, talented and motivated individual is sought to fill a senior actuary role on the team.
This role would suit a curious, ambitious and innovative actuary who:
Enjoys working in a fast paced, dynamic environment.
Relishes the opportunity to work with complex transaction structures and senior stakeholders.
This role offers both:
A rare opportunity to work at the forefront of the industry, working with large volumes of asset and insurance risk, playing a role in both technical and commercial decision-making, and working with both the reporting and commercial teams.
Significant exposure to senior stakeholders across CL Re.
This is a one-year contract role to cover a maternity leave.
The successful candidate will be well positioned to apply for a permanent position as they arise.
What you will help us to achieve In this role the successful candidate will:
Play a leading role in the Actuarial Development's review and challenge of new business propositions.
Review and develop the relevant actuarial methodologies and techniques.
This will include working with senior actuaries across CL Re and keeping up to date with industry developments.
Draft accurate, clear and concise documentation and effectively communicate key insights and conclusions to all stakeholders.
Support the new business approvals process through the various CL Re and Lifeco function holders, committees and boards.
Work with the Business Development, Actuarial Reporting, Finance and Operations teams on the implementation of actuarial modelling and reporting requirements of new transactions.
Provide general actuarial oversight and ensure compliance with Group policies, professional standards, and regulatory guidelines.
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 at least three years in a life insurance or life reinsurance environment.
Experience of a number of the following: Data management, cash flow modelling, financial reporting, capital reporting, experience studies, basis review, audit or risk management.
Extensive experience with MS Excel, MS Access, MS Word and MS PowerPoint.
Experience working with actuarial modelling software (ideally Prophet), data management software (e.g.
SQL) and data visualisation software (e.g.
Power BI).
Strong analytical skills with the ability to interpret model results, review for reasonableness and understand the implications.
Well-developed verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
An assertive and self-motivated personality with the capacity to work autonomously, as part of a team and across teams.
A demonstrated ability to influence other role holders and teams where there is a material dependency without a reporting line.
An ability to plan work, manage time effectively and deal with changing requirements to ensure timely completion of all deliverables.
The capacity to solve problems and make decisions effectively and efficiently.
An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.
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 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 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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