Actuaries - Graduate level up to Newly Qualified
Dublin, IE
Irish Life is one of Ireland’s largest financial institutions with a presence across a range of financial services markets. We are one of Ireland’s leading financial services groups with over 1.3 million customers. For over 80 years, we’ve been helping people to look after their life insurance, pension and investment needs, and more recently their health insurance.
It is a subsidiary of Great-West Lifeco and a member of the Power Financial Corporation group of companies.
We are proud of our culture of developing and supporting the growth and professional development of our people. The focus has resulted in a team of top talent with high standards, positioning us at the forefront of our industry.
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)
The Roles
Irish Life are currently recruiting for Actuaries to join the Retail Pricing team and Systems Actuarial team. We are happy to consider Graduate level up to Newly Qualified.
Key Accountabilities
These are permanent positions with a range of responsibilities within our teams, including:
Retail Pricing Team:
• Pricing products and remuneration structures to meet Irish Life Retail’s profitability and capital efficiency targets
• Reviewing technical customer literature – policy terms and conditions, Customer Information Notices etc.
• Setting up new Retail client and investing funds
• Assessing channel requests for enhanced allocations or special deals relating to potential new business or for business retention of the back book
• Supporting the assessment and implementation of reinsurance arrangements at tender
• Supporting the continuous review and improvement of the department’s processes, systems and controls
• Providing advice on product design and pricing to marketing and sales management
• Disclosing all commission and charges to the customer in line with the Irish standards of actuarial practice
Systems Actuarial Team:
- Responsibility for the accuracy of the policy data on CLOAS
- Managing the manual policy adjustments within a financial framework
- Overseeing the configuration of all new Products on Cloas and Execution and changes to existing products through the marketing diary process
- Responsibility for the Actuarial Engine and ensuring that premiums, projected values, disclosure figures and target quotes for all new business, top-ups and the entire existing book of policies are calculated correctly
- Provision of technical support to Irish Life Customer Service
As an Actuary, the successful candidate will be offered a range of supports to guide them in their career, including the Trainee Actuary Study Scheme (for Trainee level) and Rotations Policy.
The Person
The ideal candidate will possess the following skills and knowledge:
• The ability to work well within a team and across teams.
• Keen commercial awareness, technical abilities and problem-solving skills.
• A strong customer service focus, with an ability to meet challenging deadlines.
• Excellent communication and interpersonal skills.
• Excellent PC skills and the ability to further enhance skills here. Knowledge of MS Office, SQL, VBA, Prophet or other emerging software would be an advantage.
• A 2.1 result (or equivalent) at degree level.
• A desire to progress towards qualification in the actuarial exams.
Behavioural Competencies
The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Irish Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Irish Life by Recruitment Agencies will not be accepted for this role.
Irish Life 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.
ILFS supports Equal Opportunity and is regulated by the Central Bank of Ireland.