JOB TITLE:
Head of Actuarial Function
ROLE TYPE:
Permanent
POSITION REPORTS TO:
CEO
DEPARTMENT:
Actuarial Function
LOCATION:
Blackrock, Dublin, Ireland
The Head of Actuarial Function (HoAF) holds full responsibility for leading and managing the Darta's Actuarial Function. In line with the Domestic Actuarial Regime, the HoAF is responsible for:
* Ensuring the appropriateness of actuarial methodologies, underlying models, and key assumptions used in the calculation of technical provisions.
* Assessing the sufficiency, quality, and reliability of data used for technical provisions.
* Comparing best-estimate assumptions against observed experience and providing expert insight on emerging trends.
* Reporting to the Audit Committee and Board of Directors on the adequacy and robustness of the technical provisions.
* Acting as the organisation's key source of actuarial expertise and maintaining accountability to the Board on all actuarial matters.
* Providing an independent opinion on the overall underwriting policy and the adequacy of reinsurance arrangements.
* Contributing to the effective implementation and oversight of the risk-management system, particularly regarding Solvency II, actuarial components of the Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR), and the Own Risk and Solvency Assessment (ORSA).
Beyond these statutory responsibilities, the HoAF oversees the wider Actuarial Function including:
* Coordinating the calculation, documentation, and reporting of technical provisions and IFRS 17 liabilities.
* Ensuring best-practice processes and documentation for actuarial valuation and assumption setting.
* Overseeing the maintenance and enhancement of actuarial systems, tools, and platforms, including management of external service providers.
* Supporting customer-related queries and operational matters where actuarial input is required.
Profile and Requirements
* Qualified actuary with at least 5 years' experience in a senior actuarial role and membership of a recognised actuarial association.
* PCF Approved ideally (role be subject to PCF approval by CBI).
* Experience within a Life Insurance Actuarial Function and strong technical knowledge of the Solvency II framework.
* Preferably experienced in actuarial modelling, assumption setting, as well as IFRS 17.
* Demonstrated leadership capability, with proven experience managing diverse teams and communicating across a broad range of technical backgrounds.
* Strong credibility and influencing skills, with the ability to interact effectively at senior executive, board, and regulatory levels.
* Must meet the minimum competency requirements for the HoAF role as defined by the Central Bank of Ireland (or equivalent regulatory body).
* Excellent interpersonal and communication skills, with the ability to explain complex actuarial concepts to both technical and non-technical audiences.