Trainee Actuary (Part Qualified)- Permanent- Irish Life Group
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)
The Role
Due to continued growth and success, we are always on the lookout for highly motivated and capable people to join our Actuarial Teams across Irish Life.
Throughout the year we expect exciting opportunities to arise across our teams to include pricing, financial reporting, operations, risk, and actuarial development.
We are keen to speak with actuarial students who are motivated to develop fulfilling careers as part of the largest actuarial community in Ireland.
The Opportunity
The Irish Life Trainee Actuary programme offers a range of supports to guide students in their careers.
Irish Life offers a comprehensive Trainee Actuary Study Scheme programme, which includes:
- Paid study leave ahead of exams
- Payment of exam fees & membership of the Institute & Faculty of Actuaries and Society of Actuaries in Ireland
- Study materials including notes, exam solutions, and marking for coursework
- Study tutorials
- Career mentoring within a company with the largest actuarial community in Ireland
The Actuarial Rotations Policy rotates trainees between actuarial teams every 2-3 years, allowing you to develop valuable experience across a range of areas in the business.
The Benefits
Irish Life supports an active work-life balance, Sports & Social clubs, Staff Charities, a Diversity & Inclusion programme, a Wellbeing Programme and multiple volunteering opportunities in the community.
Irish Life offers a comprehensive remuneration package with an annual performance related bonus and pay review. We also provide a range of other benefits, including a health insurance allowance, a generous pension scheme, comprehensive training (on joining and ongoing), and additional protection benefits.
We have a ‘flexi-leave’ policy which allows for both flexible working hours and extra flexi-leave in addition to the standard annual leave.
The Irish Life campus is located in the heart of Dublin city centre, with easy access to public transport, shopping and restaurants. We are delighted to have implemented a hybrid, flexible way of working whereby a blend of remote work and on-site work is possible for staff, to suit the requirements of both the business and staff members. Our campus is currently being refurbished and will be one of the leading office buildings when it is completed, with state of the art facilities for all staff.
Actuarial Roles in Irish Life
Actuaries work in a number of teams across the business and have a wide range of responsibilities (trainees are rotated across teams every 2-3 years to build a board and varied skill set):
- Providing insights on the business performance and the setting of regulatory reserves and capital
- Developing and pricing new and innovative insurance products that meet emerging customer needs whilst generating adequate shareholder return within controlled risk thresholds
- Implementing and reporting on complex reinsurance strategies designed to reduce risk
- Performing data analysis to identify trends and anomalies and assisting in management’s decision making
- Providing actuarial and technical support for queries from clients, channels and other teams
- Developing and improving modelling solutions to assist in financial reporting and new business pricing processes
- Building and maintaining the Actuarial Policy Projections and Quotes model
- Building and maintaining Irish Life products on our IT Systems
Currently we have vacancies in our Pricing Team and Systems Actuarial Team
The Person
The ideal candidate will possess the following skills and knowledge:
- The ability to work well within a team and across teams.
- A strong customer first focus, with an ability to meet challenging deadlines.
- Excellent communication and interpersonal skills.
- Keen commercial awareness, technical abilities and problem-solving skills.
- Delivery focused with a flexible attitude and approach.
- High degree of computer literacy
- Part qualified actuary or equivalent. We will consider candidates with 1-4 years’ experience seeking a change with at least 2:1 (or equivalent) in a relevant degree.
Key Competencies
About us
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 1.5 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.
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.