Nearly/Newly Qualified Actuary, Actuarial Reporting
Dublin, IE
Canada Life Reinsurance (“CL Re” or “the Company”) 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 and lapse risk for insurers, reinsurers and pension funds and has more than $3 trillion of Traditional, Longevity, Structured and Non-Life reinsurance in place. The Company is continuing to expand the reinsurance solutions it offers to new and existing clients in many markets around the world.
CL Re has offices in Dublin, Philadelphia, Barbados, Bermuda, Regina and Toronto and approximately 300 reinsurance professionals worldwide. It is a proactive, inspiring and friendly environment where talent and hard work are recognised and rewarded. As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
Lifeco and its companies have approximately $2.5 trillion in consolidated assets under administration and a capital ratio (LICAT) of 120% (as at 31/12/2022).
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).
We place a strong emphasis on ensuring our actuarial staff get a well-rounded experience with rotations between our Actuarial teams. We provide our trainees with a competitive package, full study support and ongoing training opportunities.
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.).
A bright, talented and motivated individual is sought to fill a nearly or newly qualified actuary role on the team.
The successful candidate will:
• Gain exposure to a wide range of traditional reinsurance transactions (e.g., annuities, term assurance etc.) as well as complex and innovative reinsurance solutions (e.g., longevity swaps / swap options).
• Join the Canada Life Re actuarial study program (which includes paid study leave, tutorials, and course material) and the rotations program (which facilitates rotations to other actuarial teams in Canada Life Re).
Key Accountabilities
The breadth and depth of responsibility of the role will be tailored to suit the skills and experience of the successful candidate who will:
• Support the production of the quarterly (e.g., liabilities and earnings, capital) and annual (e.g., business plan, financial condition testing) actuarial reporting.
• Analyse transaction performance to provide a detailed breakdown of the liability movements, earnings and capital impacts arising from experience.
• Draft accurate, clear and concise documentation and effectively communicate key insights and results to senior management.
• Work with the Business Development team, the Actuarial Development team and the operations team to implement new transactions.
• Support 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.
• Support the design, development, planning and implementation of relevant CL Re and Group projects and strategic initiatives. IFRS 17 implementation will be a key priority over 2023.
• Progress the examinations and courses required by the IFoA qualification process.
Desired Knowledge / Experience / Skills
The ideal candidate will have:
• At least three years relevant technical actuarial experience.
• Made good progress or recently completed the IFoA examinations.
• An enthusiastic approach to work along with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.
• The capacity to work autonomously, as part of a team and across teams.
• The aptitude to effectively and efficiently solve problems and make decisions.
• The ability to plan work, manage time effectively and ensure timely completion of all deliverables.
• Well-developed verbal and written communication skills.
• Significant experience of MS Excel, MS Word and ideally MS PowerPoint.
• Some experience of SQL and an actuarial modelling package (ideally Prophet).
Behavioural 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 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