Actuarial Manager - Canada Life Wealth Management Fixed Term Contract
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.
Further details on our benefits package can be accessed here Benefits (life-careers.com)
Role Overview
This role will have the responsibility to provide a comprehensive, accurate and timely Actuarial valuation service for the Wealth Management business unit i.e. across a £23bn+ portfolio (£21+bn
International and £2bn UK respectively). The role will be focused on the Canada Life UK Investment bond business and the Canada Life International offshore bond business based in the Isle of Man., This includes the valuation of policy liabilities and the calculation of regulatory capital requirements in respect of both UK and Canadian reporting regimes. The role will also cover projects and Board reporting requiring actuarial input spanning the division/entities for CLL, CLI, CLII and CLIAI.
What you will help us to achieve
• Manage and deliver actuarial liabilities and regulatory capital requirements for accounting and regulatory purposes for the CLUK investment bond business.
• Produce actuarial reports, in line with TAS, for Wealth Management division. This includes, Actuarial Function Report, Appointed Actuary Report, RSR/SFCR, Board Presentations etc.
• Review methodology and assumptions used for the calculation of actuarial liabilities and regulatory capital requirements.
• Manage, develop and motivate trainee actuaries to optimise performance.
• Keep up to date of industry developments and business processes and strategies.
• Liaise with Head of Actuarial Function (CLIAI), Appointed Actuary (CLI), and Head of Finance, to ensure valuation is properly implemented.
• Responsible for overseeing the completion of a Part VII transfer in the short term, from an actuarial process and reporting perspective.
• Challenging current Prophet valuation methodology while overseeing, testing and signing off model updates across various reporting basis.
• Overseeing and completing the annual ORSA process.
What you will need to be successful in the role
• Qualified Actuary with 2+ years post qualified experience.
• Strong technical skills including financial reporting and Solvency II knowledge/experience.
• In depth knowledge and experience of SII and CIFRS actuarial valuation rules, requirements and techniques.
• Comprehensive understanding of the Irish and UK regulatory environment.
• Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences including non-actuaries).
• Strong Organisational skills and a proven track record at delivering reporting requirements under tight deadlines.
• Able to build relationships and gain trust and respect at all levels.
• Strong leadership skills - able to manage, develop and motivate a team of technical actuarial staff.
• Demonstrates personal drive, energy, persistence and self -motivation and awareness of the part played in the wider business.
• Ability to apply actuarial techniques to business problems and to see wider implications.
• Hybrid working, must be willing to travel to the Dublin office.
Key Competencies
About us
Canada Life is part of Great-West Life Co Inc., one of the largest Canadian life and health insurance companies. Canada Life International Assurance (Ireland) DAC, is an international life company regulated by the Central Bank of Ireland, and together with its sister company in the Isle of Man, forms the International Division of Canada Life Group UK.
We are the market leaders in our field and provide quality investment solutions supported by excellence in customer service with the aim of making investment and tax planning easier and more accessible for our customers.
We strongly believe that there is a right way of doing things, that is based on our four core corporate values, which are “Together, Excellence, Integrity, People”. These values govern every interaction we have with our clients, our business partners, and each other. Our customers and colleagues know what to expect from us. We offer excellent opportunities for advancement in the financial services industry and provide all our new and existing staff with continued training and development which ensures that our workforce is both competent and highly skilled in meeting all client requirements. For hardworking and ambitious individuals, employment with Canada Life International could take you
anywhere.
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 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.