Senior Actuary, Actuarial Development 12 month Fixed Term Contract, Canada Life Reinsurance

Role Overview

After a very successful period of growth CL Re has developed a significant and diverse portfolio of reinsurance transactions. The New Business Support and Oversight team provides actuarial oversight of the methodologies and assumptions used in new reinsurance transactions and supports their implementation into the actuarial reporting production environment.

A bright, talented and motivated individual is sought to fill a senior actuary role on the team. This role would suit a curious, ambitious and innovative actuary who:
•    Enjoys working in a fast paced, dynamic environment.
•    Relishes the opportunity to work with complex transaction structures and senior stakeholders.

This role offers both:
•    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 reporting and commercial teams. 
•    Significant exposure to senior stakeholders across CL Re.

This is a one-year contract role to cover a maternity leave. The successful candidate will be well positioned to apply for a permanent position as they arise.
 

What you will help us to achieve

In this role the successful candidate will:

• Play a leading role in the Actuarial Development’s review and challenge of new business propositions.
• Review and develop the relevant actuarial methodologies and techniques. This will include working with senior actuaries across CL Re and keeping up to date with industry developments.
• Draft accurate, clear and concise documentation and effectively communicate key insights and conclusions to all stakeholders.
• Support the new business approvals process through the various CL Re and Lifeco function holders, committees and boards.
• Work with the Business Development, Actuarial Reporting, Finance and Operations teams on the implementation of actuarial modelling and reporting requirements of new transactions.
• 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 three years in a life insurance or life reinsurance environment.
• Experience of a number of the following: Data management, cash flow modelling, financial reporting, capital reporting, experience studies, basis review, audit or risk management.
• Extensive experience with MS Excel, MS Access, MS Word and MS PowerPoint.
• Experience working with actuarial modelling software (ideally Prophet), data management software (e.g. SQL) and data visualisation software (e.g. Power BI).
• Strong analytical skills with the ability to interpret model results, review for reasonableness and understand the implications.
• Well-developed verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
• An assertive and self-motivated personality with the capacity to work autonomously, as part of a team and across teams.
• A demonstrated ability to Influence other role holders and teams where there is a material dependency without a reporting line.
• An ability to plan work, manage time effectively and deal with changing requirements to ensure timely completion of all deliverables.
• The capacity to solve problems and make decisions effectively and efficiently.
• An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.

Key Competencies