Trainee Actuary - Canada Life 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
Canada Life Reinsurance (CLRe) is seeking to recruit ambitious and talented candidates to fill a number of trainee actuary roles where you'll gain hands-on experience, professional development, and the opportunity to shape a rewarding actuarial career. In dynamic and stakeholder focused teams, the successful candidates will gain exposure to a complex and innovative business with a wide range of traditional reinsurance transactions as well as bespoke structured reinsurance solutions.
The successful candidates will join one of the following teams:
• Business Development
• Operations
• Actuarial
• Risk
What we offer
When working for CLRe, trainee actuaries can expect:
• A rotations policy that supports you to rotate between actuarial teams every two to three years.
• A comprehensive trainee actuary study scheme with ongoing training and mentorship from experienced professionals, which includes:
o Paid study leave ahead of exams.
o Payment of exam fees and membership of both the Institute & Faculty of Actuaries and Society of Actuaries in Ireland.
o Study materials including notes, exam solutions, exam tutorials, and marking for coursework.
• CLRe supports an active work-life balance, and offers vibrant sports & social clubs, staff charities, diversity & inclusion programmes and volunteering opportunities enabling connection with your colleagues and the community.
• A comprehensive remuneration package as well as a range of other benefits to support your wellbeing and growth, including health insurance allowance, a generous pension scheme, and other protection benefits.
• A state-of-the-art campus, built for collaboration, innovation, and wellbeing, in the heart of Dublin city centre, with easy access to public transport, shopping and restaurants.
• Opportunity to build and deepen your actuarial and commercial knowledge with a leading global reinsurer.
What you will help us to achieve
The key responsibilities may include but are not limited to:
• Structuring and pricing of new transactions, including the data analysis, modelling and documentation of results.
• Implementation of new reinsurance transactions.
• Analysing client reporting and producing experience studies.
• Using actuarial modelling to calculate actuarial liabilities, capital requirements and earnings on a wide range of reinsurance transactions.
• Completing complex collateral and capital requirement calculations.
• Communicating proposals and results to senior management.
• Developing in-depth knowledge of the intricacies of a portfolio of complex reinsurance treaties.
What you will need to be successful in the role
• Should be on track to receive a minimum 2.1 university degree in an actuarial or alternative relevant discipline.
• Highly numerate.
• Excellent written and verbal communication skills.
• A team player with the ability to work on own initiative and be flexible.
• An ambitious individual who will thrive in a technical and fast-paced environment.
• Experience in using Microsoft Office package (Excel, Access, Word) is desirable.
• Experience with modelling platforms or programming languages such as Prophet, R or SQL would be a plus.
• A commitment to working in a diverse and inclusive workplace.
Key Competencies
Application Process
If you think you would be a great fit for Canada Life Reinsurance then please apply using the following link before 10am Monday 27th October 2025:
https://life-careers.com/job-invite/8990/
Please include in your cover letter a short paragraph (no more than 100 words) on your motivations for becoming an actuary, and a completed version of the following table:
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Name |
University |
BSc./MSc. |
Course |
Expected overall final grade |
University subject results to date for Years 1-3 |
Leaving Cert results & points / A level results / Equivalent regime in other countries. |
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Please include the result in Maths. |
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If relevant |
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Expected actuarial exemptions |
Information on any previous degree(s) |
Placement experience (name of company, field of work) |
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Interviews are likely to be held in early November, with flexibility around the timing of college exams and other events.
About us
Canada Life Reinsurance (CLRe) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and, more recently, Asia. CLRe offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse and investment risk for insurers, reinsurers, and pension funds. CLRe is continuing to expand the reinsurance solutions it offers to new and existing clients in many global markets.
CLRe has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CLRe’s European and Asian operations and the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises of approximately 170 reinsurance professionals, including 120 actuaries and trainee actuaries.
At CLRe we offer a collaborative, open and friendly environment where high performance and hard work are recognised and rewarded. We have created an environment where diversity of thought and perspective is embraced and where everyone can bring their full selves to work and feel valued, respected and supported to reach their full potential.
A competitive package, comprehensive study support and ongoing training opportunities including team rotations are provided to our trainees.
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. As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential. 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.