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Senior Actuary - Actuarial Reporting CL Reinsurance
Location:
Dublin, IE
Description:
Full Time Permanentposition
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 )
Role Overview
After a very successful period of growth CL Re has developed a significant and diverse portfolio of reinsurance transactions. The Actuarial Reporting team is a cornerstone of the Actuarial Function. The team is responsible for the actuarial reporting deliverables of the Dublin office (actuarial liabilities, earnings analyses, capital, ALM reporting, business plan, financial condition testing etc.).
A bright, talented and motivated individual is sought to fill a Senior Actuary role on the team to manage the balance sheet projection work. This role would suit an actuary who:
•Is at ease working on deep technical matters and complex models.
•Is interested in developing a deep understanding of how our diverse portfolio of risks will perform in the years ahead under different economic and demographic scenarios.
•Thrives in a fast-paced environment working closely with a variety of stakeholders and subject matter experts.
What you will help us to achieve
In this role the successful candidate will:
•Manage delivery of the annual business plan and the annual Financial Condition Testing (FCT) of that business plan.
•Work with the Actuarial Reporting teams, the Business, the Risk Function and the Finance Function to produce various analyses, projections, stress tests and scenario analysis as required.
•Interpret the analysis and results. Draft accurate, clear and concise documentation and effectively communicate key insights to all stakeholders.
•Build knowledge and expertise of the CL Re balance sheet, including the different risk exposures and the associated reporting impacts.
•Support the Group process and systems initiatives to develop our financial projection capabilities and other strategic initiatives as required.
•Ensure compliance with relevant Group policies, regulatory requirements (OSFI) and professional guidance.
•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 five years post-qualification relevant technical experience.
•Demonstrated experience across some of the following:
-Cash flow modelling, financial reporting, capital reporting and ALM reporting.
-Balance sheet projections and scenario analysis.
-Working with actuarial modelling (e.g., Excel, Prophet), data management (e.g., SQL) and data visualisation (e.g., PowerBI) software.
•A demonstrated ability to:
-Interpret and understand the Business’ perspective and capture it appropriately in the actuarial reporting.
-Influence other role holders and teams where there is a material dependency without a reporting line.
-Plan and organise work, manage time effectively and ensure timely completion of all deliverables.
-Be at ease balancing urgency and importance.
•Well-developed blend of technical ability, professional judgment and commercial awareness.
•An appetite to work effectively in partnership with senior management across the Dublin office, the Division, and the Group.
•A demonstrated capacity to build relationships, gain trust and command respect at all levels.
•The capacity to solve problems and make decisions effectively and efficiently.
•Highly refined verbal and written communication skills and in particular, an ability to effectively communicate complex concepts to different audiences and educate others to ensure optimal outcomes.
•A strong work ethic, pragmatic, a willingness to work to a flexible schedule and to travel occasionally.
Key Competencies
* Functional & Technical
* Planning & Organising
* Communication & Influencing
* Problem Solving & Decision Making
* Drive for Results
* Drive Innovation & 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 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, $3.2 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 Lifecareers@irishlife.ie 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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