Head of Actuarial Reporting
Dublin, IE
- Full Time 12 - 18 month 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
After a very successful period of growth over recent years CL Re has developed a significant and diverse portfolio of reinsurance transactions. The Actuarial Reporting team is responsible for the CL Re Dublin actuarial reporting deliverables (actuarial liabilities, earnings analyses, capital, ALM reporting, business plan, financial condition testing etc.).
An experienced actuary is sought to fill the Head of Actuarial Reporting role for the next 12 to 18 months (to cover a maternity leave). The role reports to the Head of Actuarial, CL Re Dublin. The key senior stakeholder relationships include: Head of Finance, Head of Operations, CLReI HoAF, CL Re Chief Actuary and CL Re CFO.
What you will help us to achieve
In this role, the successful candidate will:
• Lead, develop and motivate a large team of direct and indirect reports, ensuring that they achieve and contribute to their maximum potential and aspire to the highest professional standards in their work.
• Play a central role in the CL Re financial and actuarial reporting, working collaboratively with the Head of Finance, Head of Operations and CLReI HoAF.
• Oversee the production, consolidation and review of the Actuarial Reporting deliverables and provide all associated sign offs. These include modelling, liabilities, earnings analysis, capital reporting, ALM reporting, business plan, stress and scenario testing, risk reporting and miscellaneous management reporting.
• Work with the Business Development, Asset Intensive, Operations, Finance and Actuarial Development teams to implement new transactions and new asset strategies into the production environment.
• Support the various Actuarial Reporting and Actuarial Development teams in the design, planning and implementation of developments to optimise efficiency and insight for the existing transaction reporting.
• Assimilate results from various sources to generate deep insight and understanding on the performance of the business. Identify potential challenges and opportunities and communicate to the Operations and Business Development functions accordingly.
• Present actuarial reporting results to the key stakeholders including the relevant members of the CL Re Executive Leadership team, various CL Re Boards and CL Re Committees as required.
• Own the Actuarial Reporting control framework. Ensure compliance with Company policies, regulatory, professional and legal requirements.
• As a member of the CL Re actuarial leadership team, contribute to the leadership of the CL Re actuarial community and support delivery of the vision for the Actuarial Function.
• Keep up to date with external developments through engagement with the Society of Actuaries and through individual research.
What you will need to be successful in the role
The ideal candidate will have:
• An actuarial qualification with 10+ years post-qualification experience.
• Deep understanding and experience of financial and capital reporting.
• Experience in an actuarial leadership role and a strong track record of delivery at senior management level.
• Well-developed professional judgement and be at ease balancing urgency and importance.
• A credible voice speaking to senior decision makers within the Division and the Group.
• Proven leadership skills and experience in leading a high-performing team of professionals in a fast-paced complex environment.
• An ability to build an inclusive and diverse work environment that promotes collaboration, recognition, mutual respect and employee satisfaction.
• A demonstrated capacity to build relationships, gain trust and command respect at all levels.
• An appetite to work effectively in partnership with senior management across the Dublin office, the CL Re Actuarial Function, the Division and the Group.
• Highly refined verbal and written communication skills and in particular, an ability to effectively communicate complex concepts to different audiences.
• A strong work ethic, a willingness to work to a flexible schedule and to travel occasionally.
Key Competencies
Technical Competencies
Technical Expertise
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, more recently, Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse and investment risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the reinsurance 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 160 reinsurance professionals, including 110 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.
Lifeco and its companies have approximately $2.8 trillion in consolidated assets under administration and a capital ratio (LICAT) of 128% (as at 31/12/2023).
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.