Actuarial Manager - Capital Management & Solutions
Dublin, IE
Canada Life Assurance Europe plc (‘CLE’) has been operating in Germany since 2000 supporting over 600,000 individual customers and 35,000 employer relationships, advised by independent brokers, across unit-linked pension savings, retirement and protection solutions. Its growth strategy sees an increasing focus on the customer and broker experience, developing innovative propositions in Group Business and Retirement as well as exploring new routes to market.
With our purpose to help more people in Germany build stronger, more inclusive, and financially secure futures, CLE is authorised by the Central Bank of Ireland and regulated by the German regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) for conduct of business rules. As part of the Great West Lifeco group of companies, with over 175 years of history and 40 million customers, the business employs 800 people across its Irish and German offices and while still relatively young in its business lifecycle, is already a solid contributor to the Great West Lifeco European Division earnings.
Job Title: Actuarial Manager – Capital Management and Solutions
Department: CLE Actuarial – ALM and Capital Solutions
Location: Canada Life Europe, Lower Abbey Street, Dublin 1
Contract: Permanent
The Role
CLE is seeking to recruit an ambitious and talented candidate for the role of Actuarial Manager in our ALM and Capital Solutions Team. This is an exciting new role in the organisation, created as part of an expansion of our capabilities in the area of capital management, which is a key part of the organisation’s strategy.
This is an opportunity which would suit a qualified actuary with a few years’ post qualification experience and a strong technical actuarial background, who is seeking an opportunity to use those skills to make a significant impact on the overall capital management agenda.
The ALM and Capital solutions team has a wide scope including maintaining and monitoring existing ALM framework, overseeing the Unitised With Profits fund and assessing/implementing new ALM and capital strategies. This role would provide an opportunity for the successful candidate to work on a wide variety of projects and tasks as well as collaborating closely with an array of teams across the company.
Responsibilities
- Work with the Senior Manager and wider team to fulfil the German Division expanding capital management agenda.
- Collaborate with the Actuarial & Financial Reporting and Risk teams to quantify the impact of stresses and scenarios required as part of the capital reporting frameworks. Focus on ORSA and FCT but also on ad-hoc analysis required to inform strategic changes.
- Provide comprehensive overview of the key insights emerging from all capital analysis to senior management
- Use the insights to proactively contribute to the development of ALM and Capital solution that deliver on the company’s strategic objective.
- Prepare reports for the various management committees to update on various elements of German Division capital.
- Develop robust techniques that facilitate best in class capital stress and projections assessment.
- Leverage the latest technology to build a capital management platform that facilitates agile capital analysis.
- Work collaboratively across all functions to ensure that capital management is reflected in all elements of the business.
- Contribute as required to other areas of the team in an agile manner to ensure team priorities are delivered as efficiently as possible.
Knowledge, Experience & Skills
- Qualified actuary with minimum 2/3 years’ experience.
- Knowledge of the regulatory and capital framework (Solvency II and LICAT) and IFRS 17 reporting.
- Self-starter and proven track record of problem solving.
- Meticulous in the production, validation, presentation and communication of results.
- Comprehensive written and verbal communication.
- Skilled user of Excel, Word & PowerPoint.
- Knowledge of Prophet and other coding languages such as VBA and SQL code would be beneficial.
- Experience with investment guarantees, stochastic modelling and capital reporting/projections (ORSA/FCT) would be a distinct advantage.
- While German language skills and / or knowledge of CLE’s products & processes can be beneficial they are not a requirement.
Key Competencies
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.
Even if you don’t see yourself reflected in every job requirement listed on the posting above, we encourage you to reach out and apply if you feel you are a good fit for the role. We are committed to creating a more equitable, inclusive and diverse company, and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation and life experiences to apply.
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.