Head of Investment Operations, Asset Intensive 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
We have ambitious plans to grow balance sheet assets in the coming years which will require additional investment capabilities, governance, and reporting.
This has resulted in this newly created role, reporting directly into the Head of Asset Intensive Reinsurance.
You will be based in Dublin and support the Asset Intensive Reinsurance team to implement and manage investment strategies across the global reinsurance business.
The role will involve significant coordination with stakeholders across Finance, Actuarial, Reinsurance Collateral Operations, as well as internal and external investment managers.
You will have excellent stakeholder management, project management and interpersonal skills to help a dynamic and growing reinsurance team navigate the global corporate structure of its parent Great-West Lifeco. The role will help leverage the global investment platforms across the group as well as potential outsourced solutions.
Specific responsibilities will include:
- Implementing industry best practice for investment operations and asset reporting platform for CL Re.
- Leveraging the global organisation of Great West Lifeco to bring efficiencies of scale to internal shared services and external vendors.
- Co-ordinating investment operations services provided to CL Re via service agreements with affiliates in the UK, US, and Canada. Oversee the implementation of data aggregation for CL Re, including proposals for the use of third-party vendors.
- Working collaboratively with stakeholders from New Business Pricing, Finance, Actuarial and Investment teams to improve investment operational capabilities.
- Supporting the Finance and Treasury teams with respect to asset intensive transaction management.
- Working with the Head of Asset Intensive Reinsurance to include new asset classes into CL Re’s operational and asset reporting platform up to the group level.
- Managing relationships with custodians and help implement collateral solutions for reinsurance treaties such as account control agreements and related setups.
- Working with the team to explore fund structures and investment vehicles to help optimise investment operations and collateral in reinsurance transactions. This may include setting up new custody and collateral arrangements in emerging reinsurance markets.
- Assessing the investment operations requirements to support Flow Reinsurance and a governance setup that can support dynamic pricing and investment deployment.
- Supporting the Asset Intensive team to deliver significant asset growth in the global annuity and life reinsurance markets in the next 3 to 5 years.
What you’ll need to be successful on the role:
The ideal candidate will have/be:
- 10+ years’ experience within an investment accounting, reporting and operations environment ideally focused on credit investing for (re)insurance balance sheets.
- Experience of collateralised reinsurance, working with different custody platforms and investment managers strongly desired.
- Experience with data aggregation and single book of record views across multiple portfolios and balance sheets
- Assertive and self-motivated with the capacity to work autonomously, as part of a team and across teams.
- Highly numerate with strong organisational and problem-solving skills
- A flexible and enthusiastic approach to work with a strong appetite to learn and develop.
- Strong stakeholder and project management skills.
- A good understanding of the priorities for implementation, risk, and performance monitoring for asset intensive reinsurance transactions.
Key Competencies
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).
We reserve the right to select a shortlist from the applications received. The selection process employed will be at the discretion of the Group. We have sized this role at the job grade noted above however we reserve the right to underfill this role if required, at the grade most suited to the successful candidate in the process.
Canada Life Reinsurance supports Equal Opportunity and is regulated by the Central Bank of Ireland.