Research and Development Actuary - Perm - CL 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
The Research and Development team supports business development, assumption setting, modelling, and pricing for Canada Life Re’s wide range of reinsurance product offerings across Europe and the Asia-Pacific region. The core focus of the role is developing assumptions and modelling to support new business growth, and the team works closely with the wider Business Development team in pricing and execution of new transactions.
What you will help us to achieve
The successful candidate will support, lead, and conduct cutting-edge research on the assessment of risks, market developments, and the most up-to-date actuarial methodologies and techniques.
They will take a lead in developing innovative analysis supporting a wide variety of reinsurance solutions, covering a broad range of risks (e.g. longevity, mortality, morbidity, lapse, investment) in a diverse range of international regions (for example Europe, Asia, South America and Oceania), developing innovative analysis and research to contribute to CL Re’s continued growth and success.
More specific responsibilities will include
In this role the successful candidate will:
•Support, lead, and conduct cutting-edge research on the assessment of risks, market developments, and the most up-to-date actuarial methodologies and techniques, working creatively and flexibly on a diverse range of projects
•Develop innovative analysis supporting a wide variety of reinsurance solutions, covering a broad range of risks (e.g. longevity, mortality, morbidity, lapse, investment) in a diverse range of international regions (for example Europe, Asia, South America and Oceania)
•Lead projects to explore and investigate key aspects of the pricing and basis setting for a variety of potential new business opportunities both in existing markets/risks as well as in exciting potential new markets/risks
•Develop models using the most up-to-date software platforms and support the wider Business Development function in utilising this technology
•Prepare and present analysis and findings to senior management
•Collaborate with the Longevity, European Structured, International Markets and Asset Intensive Reinsurance pricing teams, as well as wider teams across the Dublin reinsurance office
What you will need to be successful in the role
The ideal candidate will have:
• Newly or nearly qualified actuary with a minimum of 3 years of work experience.
• Strong technical and modelling skills; experience of working with actuarial/statistical software such as R, Python, SQL, PowerShell, VBA, Prophet or similar actuarial modelling software would be valuable
• Excellent communication skills
• Experience in working on innovative projects, developing solutions, using technical creativity
• Self-motivated with a positive and flexible attitude
• Excellent team player
Key Competencies
- Communication and Influencing
- Problem Solving and Decision Making
- Planning and Organising
- Risk and Control
- Team Working and Cross Functional Collaboration
- Functional & Technical
- Innovation and Change
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 Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the 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 170 reinsurance professionals, including 120 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.
Lifeco is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Lifeco and its companies have approximately 32,000 employees, $3.0 trillion in consolidated assets under administration and a capital ratio (LICAT) of 134% (as at 30/09/2024).
As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
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 Reinsurance 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.