Actuarial Reporting Manager Canada Life Reinsurance
Dublin, IE
- Full Time, Permanent 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
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 Manager role on the Structured Reinsurance Reporting team. This role would suit a curious, ambitious, and innovative actuary who:
- Enjoys working in a fast paced, dynamic and innovative environment.
- Relishes the opportunity to work with complex and innovative reinsurance transactions and the associated actuarial methodologies.
- Has an appetite for accelerated development and career progression.
What you will help us to achieve
In this role the successful candidate will:
- Produce the financial and capital reporting deliverables for CL Re’s significant and expanding portfolio of structed transactions. This includes:
- The quarterly liabilities, earnings, and capital reporting deliverables.
- The annual business plan and the annual Financial Condition Testing (FCT) of that business plan.
- Work closely with the wider Dublin teams to ultimately deliver high standard reporting output (e.g., New Business, Operations, Finance…etc.).
- Analyse transaction performance to provide a detailed breakdown of the liability movements, earnings and capital impacts arising from experience and share key insights with the Business.
- Draft accurate, clear, and concise documentation and effectively communicate key insights and results to all stakeholders.
- Work on the design, development, planning and implementation of improvements to transaction reporting models and processes (including governance and controls) to optimise existing reporting, accelerate reporting timelines and enhance the controls environment.
- Work with the Business Development team, the Operations team, the Finance team and the various actuarial teams to implement new transactions.
- Support the training, development and management of more junior members of the team as the opportunity and need present.
- 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 three years in a life insurance or life reinsurance environment.
- Strong analytical skills with the ability to interpret model results, review for reasonableness and understand the implications.
- An assertive and self-motivated personality with the capacity to work autonomously, as part of a team and across teams.
- An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.
- An ability to plan work, manage time effectively and deal with changing requirements to ensure timely completion of all deliverables.
- The capacity to solve problems and make decisions effectively and efficiently.
- Well-developed verbal and written communication skills.
- Extensive experience with MS Excel, MS Word, MS PowerPoint.
- Experience working with actuarial modelling (e.g., Excel, Prophet), data management (e.g., SQL) and data visualisation (e.g., PowerBI) software.
Key Competencies
- Communication and Influencing
- Problem Solving and Decision Making
- Planning and Organising
- Team Working and Cross Functional Collaboration
- Functional and Technical
- Innovation and 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.