Senior Manager - Actuarial Development

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 Development team provides actuarial oversight of the methodologies and assumptions used in new reinsurance transactions (New Business Review team) and develops the actuarial models (Model Development team) for use by the Actuarial Reporting teams.

This role offers a rare opportunity to work at the forefront of the industry, working with large volumes of asset and insurance risk, playing a role in both technical and commercial decision-making, and working with both the oversight and commercial teams.

What you will help us to achieve

In this role the successful candidate will:
•    Manage the Actuarial Function’s review and challenge of new business propositions.
•    Review and develop the relevant actuarial methodologies and techniques. This will include keeping up to date with industry developments and championing the use of new technologies to keep pace with changing demands and requirements.
•    Manage the implementation of actuarial modelling and reporting requirements, which will involve interaction with Business Development, Actuarial Reporting, Finance and Operations teams.
•    Draft accurate, clear and concise documentation and effectively communicate key insights and results to all stakeholders (Chief Actuary, Chief Financial Officer, Head of Business Development, etc).
•    Support the new business approvals process through the various CL Re and Lifeco function holders, committees and boards.
•    Contribute to the design, development and planning for the implementation of Group projects, new transactions and new reporting requirements. 
•    Provide general actuarial oversight and ensure compliance with Group policies, professional standards, and regulatory guidelines.
•    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:
•    Cash flow modelling, financial reporting, capital reporting, ALM, underwriting, pricing or basis review work. 
•    Audit, peer review, risk or actuarial oversight activities.
•    A well-developed knowledge of IFRS17, Solvency 2, LICAT and other reporting measures.
•    Extensive experience with MS Excel, MS Word, MS PowerPoint.
•    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.
•    Experience managing multiple workstreams simultaneously to demanding schedules.
•    An appetite to work effectively in partnership with senior management across the Dublin office, the Division, and the Group.
•    People management experience with the ability to manage a team to successful outcomes.
•    An ability to plan work, manage time effectively and ensure timely completion of all deliverables.
•    A strong work ethic, pragmatic and a willingness to work to a flexible schedule.
•    The capacity to solve problems and make decisions effectively and efficiently.

Key Competencies