Director - Financial Services placing Finance, Risk and Compliance Professionals
My client is a Life ReInsurer based in Dublin 1.
They are looking for a Risk Actuary to join their Risk team, reporting into the new CRO.
Key Responsibilities
The Company has an approved internal model for regulatory reporting that requires ongoing input, maintenance and validation. The successful candidate will need to become familiar with all aspects of the internal model. Tasks include:
* Overall responsibility in leading and co-ordinating the annual validation of the Company’s Economic Internal Capital Model
* Production of annual validation work, including a comprehensive validation plan to review and challenge the appropriateness of the model
* Regular reporting to the Risk Committee and Board
* Lead the oversight and review of the quarterly internal model results
* Engage with the Actuarial and Underwriting departments to understand the underlying treaties and ensure correct implementation into the model
Capital Management
* Lead the production of the annual, and ad-hoc, ORSA reports
* Ensure consistency with business plan and seek input from management, Risk Committee, and Board, ultimately reaching a conclusion on the solvency of the Company over the business planning horizon
* Review of capital management options to ensure that adequate capitalisation is maintained
* Coordinate a variety of other Risk Management tasks and reporting, providing support to junior members of the team
Person
* Qualified actuary with 2+ years PQE
* Relevant degree in a Mathematics or Actuarial Science discipline
* Track record in developing and implementing solutions and influencing
* Prior experience of reinsurance business, across P&C and L&H, would be an advantage
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Administrative and General Business
Industry: Insurance
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