Head of Product Development and Pricing
Dublin, IE
Canada Life Assurance Europe plc (‘CLE’), a company within the Great West Lifeco Group, is a life assurance company with a branch in Germany. CLE sells unit-linked pension and protection products to customers in Germany through independent brokers. We have offices in Dublin, Cologne and Neu-Isenburg (near Frankfurt).
Our brand values reflect the kind of company we are today and strive to continue to be in the future:
Ambitious: We consistently pursue our goals and constantly look for new opportunities and we are ready to go the extra mile for our customers.
Creative: Together with our partners we offer appropriate and flexible solutions that inspire.
Unconventional: We break new ground in order to offer our customers the best protection for a good life.
Better: We constantly work on our abilities and strive to offer our customers superior products and services.
Strong: Based on our performance and with the support of our Canadian parent company we look to provide the highest security for the future for our customers, partners and employees alike.
Collaborative: We move forward together, helping each other to become better and together we find good solutions both for the customer and for ourselves.
Responsible: We act transparently and fairly, and are forward-thinking and risk-aware for the benefit of our customers, partners and employees.
People – our customers and employees alike – are at the heart of everything we do at CLE. We share a deep commitment to our customers and to each other. If you are looking to work in an inclusive, supportive and dynamic workplace on a path of growth, we’re glad you found us! Whether you are starting your career or looking to develop your expertise as a specialist, we’ll support you every step of the way.
What we offer
Hybrid working model – excellent city centre location with attractive working from home options;
Personal Protection – Company Pension, Death in Service Benefit, Health Insurance Allowance, Income Protection Scheme, optional Specified Illness Scheme;
Health & Wellness – Top-Class Employee Assistance Programme, Bike to Work Scheme, Policies supporting Work/Life balance, Digital Doctor to name but a few.
Role Overview
We are seeking applications from suitably qualified candidates for the role of Head of Pricing and Product Development.
Reporting to the CLE Chief Actuary, the Head of Pricing and Product Development will be responsible for the development and pricing of CLE’s products, as well as the actuarial aspects of the implementation.
The Head of Pricing and Product Development will work closely with the Product Management Team and the Commercial Director based in Germany to develop CLE’s product strategy in the German market. The role will be supported by a team of actuarial professionals and will work closely with the CLE Executive Team and functional areas across the business. As a member of the CLE Actuarial Leadership Team, the Head of Pricing and Product Development will also take a broader role in the leadership of CLE’s Actuarial Teams.
What you will help us to achieve
• Lead the process to develop and price CLE’s products, working closely with the Commercial Team to ensure that CLE’s products meet the market’s requirements.
• Lead the implementation of new products and product changes on the system from an actuarial perspective.
• Develop short, medium and long term strategic plans for CLE’s product development, aligned with CLE’s overall strategy.
• Develop innovative product solutions to support CLE’s growth ambitions and strategic objectives.
• Monitor the profitability of new business written for CLE on a regular basis, derive insights from this analysis and recommend appropriate actions to the Executive Team.
• Working with the Head of ALM and Capital Solutions, develop appropriate risk management strategies for business being written and ensure that these are appropriately reflected in product pricing.
• Ensure that CLE’s product development and pricing activities are carried out in a controlled manner meeting all governance requirements from internal policies and regulatory requirements, while also ensuring that the pace of delivery is aligned to the Company’s objectives.
• Input into CLE’s business planning process.
• Instil a culture of innovation and continuous improvement across the Pricing and Product Development Team and broader across CLE.
• Manage, motivate and develop a team of staff to effectively accomplish the team’s goals and objectives and contribute positively and significantly to CLE’s overall strategic agenda.
What you will need to be successful in the role
• An actuarial qualification (FSAI), or other appropriate professional qualification, with significant post-qualification experience working in life insurance.
• A strong blend of technical ability, judgement and commercial awareness.
• Ability to actively contribute to execution and delivery of strategic initiatives.
• Excellent problem-solving and decision-making ability, strong analytical skills and attention to detail.
• A proven ability to effectively manage multiple priorities and deliver to tight timeframes.
• Previous experience in an actuarial pricing and product development role is a distinct advantage.
• Excellent communication skills, and in particular, a proven ability to explain complex issues clearly and concisely to a wide range of stakeholders both in writing and verbal.
• Strong influencing skills.
• A strong ability to collaborate effectively with other functions within the business and Executive Team members as required.
• An ability to effectively lead a team of professionals and to develop the team to perform to the best of its capabilities.
• Strong work ethic and a good sense of energy and urgency and priority setting.
• An ability to deliver insights that impact business outcomes.
• Knowledge of the German life insurance market and / or LICAT and Solvency II reporting bases would be an advantage.
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.
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 aira.vekrikaite@CanadaLife.de 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