Qualified or Nearly Qualified Actuary
Dublin, IE
Canada Life Assurance Europe plc (‘CLE’) is a dynamic insurance company with over 700 people across our offices in Germany and Ireland. We have been operating in Germany since 2000 and have established a fast-growing presence in one of the world’s largest and most established markets. We specialise in providing innovative unit-linked pension, savings, and protection solutions and have become a trusted partner for life insurance products distributed through independent brokers. It is our priority to support our customers at every stage of life with the best products and service, tailored to their needs - and we’re doing it all in a culture that promotes equality and inclusion for all of our current and future employees.
Role Overview
CLE is seeking to recruit an ambitious and talented candidate for the role of Actuarial Controls & Analysis team.
This is an opportunity which would suit a qualified or nearly qualified actuary ideally with a few years’ post qualification experience and a strong technical actuarial background.
The Actuarial Controls & analysis team is a key part of CLE’s Actuarial Function and is responsible for a variety of tasks such as fee income, unit reserves, detailed experience studies and metrics to keep an eye on how the business is going day-to-day.
Responsibilities will include:
- Develop and maintain the quarterly fee income process to confirm premiums, claims and unit rollforward are in line with actuals. Collaborate with the Finance team to confirm the fee income is in line with expected. Review of the quarterly unit reserve to confirm it is fit for purpose for the IFRS17/SII team.
- Analyse and develop the annual experience studies (persistency, morbidity, mortality & expenses) to provide assumptions for the Reporting & Capital team which are updated annually.
- Report and develop internal management metrics such as value in force, premiums, persistency on a bi-monthly basis.
- Provide oversight of the outsourced investment functions. Confirm any pricing errors are within threshold and recalculate the impact of any possible occurrences. Review and approve pricing basis recommendations and complete the annual unit cost sheet review to check on issues with rebates, management charges, dealing costs.
- Confirm that monthly prefunding is processed to reduce the shareholder exposure during periods of large unit movement.
- Monitor Unit Mismatching and Seeding for Unit Linked Funds (both UWP and non-UWP).
Knowledge, Experience & Skills:
- Qualified or nearly qualified actuary with minimum 5 years’ experience in the insurance industry
- Self-starter and proven track record of problem solving.
- Meticulous in the production, validation, presentation and communication of results.
- Comprehensive written and verbal communication.
- Skilled user of SQL, Excel, Word & PowerPoint.
- Knowledge of Prophet and other coding languages such as VBA code would be beneficial.
- Experience with oversight of funds and setting company assumptions would be a distinct advantage.
- While German language skills and / or knowledge of CLE’s products & processes can be beneficial they are not a requirement.
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.
Even if you don’t see yourself reflected in every job requirement listed on the posting above, we encourage you to reach out and apply if you feel you are a good fit for the role. We are committed to creating a more equitable, inclusive and diverse company, and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation and life experiences to apply.
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.