Senior Actuary, Actuarial Reporting Permanent, CL Reinsurance

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 a cornerstone of the Actuarial Function. The team is responsible for the actuarial reporting deliverables of the Dublin office (actuarial liabilities, earnings analyses, capital, ALM reporting, business plan, financial condition testing etc.).

A project is scheduled to commence in 2025 to further develop and automate the quarterly process of calculating and explaining IFRS investment earnings (the ‘Net Investment Result’). A bright, talented and motivated individual is sought to fill a Senior Actuary role on the team to undertake the project work. 

This role would suit an experienced reporting, investment or ALM actuary who:
•    Is at ease working on deep technical matters and complex models. 
•    Wants to be part of forward-thinking team where creativity and problem-solving is central to what we do.
•    Enjoys learning and developing, and thrives in a fast-paced environment.
 

What you will help us to achieve

In this role the successful candidate will:
•    Develop a deep understanding of the Actuarial Function deliverables in the asset and ALM space, the existing processes and systems, and the associated challenges and limitations.
•    Build knowledge and expertise on the CL Re balance sheet, the different exposures and the associated modelling and reporting. This includes:
•    The different asset classes and associated hedges (bonds, ERMs, CLOs, senior secured lending, interest rate swaps, currency swaps, currency forwards…etc.).
•    The interest, credit, inflation and currency risks.
•    The asset yield curves and liability discount curves.
•    Work with the different Divisional and Group teams to develop and implement an enhanced, automated and industrialised Net Investment Result process. This will include:
•    Represent CL Re on relevant forums as well as engaging collaboratively and proactively to ensure Group solutions meet CL Re requirements.
•    Contribute (input, review, challenge…etc.) to the development of different methodologies, approaches and proposals. Manage the implementation of the new processes.
•    Discharge the necessary project management and governance. Develop co-ordinated and cohesive work plans to deliver the solution and provide accurate estimates for effort and timelines. Draft accurate, clear and concise documentation and effectively communicate key insights, project updates and results to all stakeholders (Chief Actuary, Chief Financial Officer, Chief Operating Officer…etc).
•    Keep up to date with emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.

What you will need to be successful in the role

The ideal candidate will have:
•    An actuarial qualification with at least five years post-qualification relevant technical experience.
•    Demonstrated experience across some of the following:
•    Asset and liability cash flow modelling, interest and inflation modelling, cash flow matching and ALM techniques. 
•    Financial reporting and capital reporting.
•    Developing finance and actuarial processes, project work (including delivering project timetables and communicating progress to relevant stakeholders) and change management.
•    Experience working with actuarial modelling (e.g., Excel, Prophet), data management (e.g., SQL) and data visualisation (e.g., PowerBI) software.
•    Strong verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
•    A high level of comfort operating in an environment with some ambiguity, change and uncertain parameters.
•    Well-developed professional judgement and be at ease balancing urgency and importance.
•    An appetite to work effectively in partnership with senior management across the Dublin office, the Division, and the Group. A demonstrated capacity to build relationships, gain trust and command respect at all levels.
•    A strong work ethic, pragmatic, a willingness to work to a flexible schedule and travel occasionally.
•    An ability to plan work, manage time effectively and ensure timely completion of all deliverables. In particular experience managing multiple workstreams simultaneously to demanding schedules.
•    The capacity to solve problems and make decisions effectively and efficiently.

Key Competencies