Senior Actuary - Process and System Development - CL Reinsurance - Permanent

Role Overview

After a very successful period of growth CL Re has developed a significant and diverse portfolio of reinsurance transactions. A significant project has now been commissioned to design, develop and implement an integrated suite of processes and systems that will give rise to an efficient, reliable, robust and scalable platform to support the Actuarial Function discharge its responsibilities. The platform will leverage existing processes and systems and be developed to support both the existing portfolio and the planned portfolio growth in the years ahead. 

A bright, talented and motivated individual is sought to fill a Senior Actuary role on the Process and System Development team to undertake the project work. This role would suit an actuary who:

• Is at ease working on deep technical matters and complex models.
• Is interested in applying critical thinking and working closely with a variety of stakeholders and subject matter experts to develop and implement solutions.
• Is motivated by process improvement initiatives and capable of enacting change.

What you will help us to achieve

In this role the successful candidate will:

• Develop a deep understanding of the Actuarial Function deliverables, the existing processes and systems, and the associated challenges and limitations.
• In conjunction with the model development and data management leads, develop a clear vision for an integrated suite of modern actuarial reporting processes that enables the Actuarial Function effectively and efficiently produce its deliverables.
• Work with the Actuarial teams, Actuarial Senior Management, and relevant subject matter experts to design and develop the optimal suite of processes and systems (i.e., the solution) to produce deliverables.
• Develop co-ordinated and cohesive work plans to deliver the solution and provide accurate estimates for effort and timelines. Ensure that the benefits the solution gives rise to are clearly specified, carefully articulated and the means to realise them are understood and accepted as part of the delivery roadmap.
• Carefully communicate the vision and the associated execution strategy to the relevant stakeholders.
• Become an expert on the new processes and systems and ensure compliance with relevant Group policies, regulatory requirements (OSFI) and professional guidance.
• Guide and oversee the Actuarial teams’ migration across to the new processes and systems, ensuring the targeted benefits are fully realised across the Actuarial Function.
• Support the development of an environment, and ultimately a culture, that encourages new approaches, challenges the status quo and inspires creativity. Explore the use of emerging technologies and develop an understanding of how they can be leveraged for actuarial processes.

What you will need to be successful in the role

The ideal candidate will have:
•    Significant experience operating in an actuarial environment in an insurance or reinsurance company. 
•    A relentless passion for success and making an impact. 
•    Demonstrated experience across some of the following: 
      -Data management and analysis, cash flow modelling and actuarial reporting. 
      -Developing finance and actuarial systems, the software development lifecycle and change management. 
      -Working on process improvement initiatives (including delivering project timetables and communicating progress to relevant stakeholders),agile ways of working and long-term project management. 
•    Extensive experience with MS Excel, MS Word, MS PowerPoint, VBA, R, SQL, Prophet, DCS, Power BI and knowledge of other modern programming languages.
•    A demonstrated ability to:
      -Apply critical thinking, solve problems, and make decisions effectively and efficiently.
      -Plan and organise work, manage time effectively and ensure timely completion of deliverables.
•    A high level of comfort operating in an environment with ambiguity, frequent change and uncertain parameters. 
•    Highly refined verbal and written communication skills and in particular, an ability to effectively communicate complex concepts to different audiences.
•    A demonstrated capacity to build relationships, gain trust and command respect at all levels.
•    A credible voice speaking to senior decision makers within the Division and the Group.
•    A strong work ethic, a pragmatic approach to work, and a willingness to work to a flexible schedule.

Key Competencies