Senior Actuary - Process and System Development - CL Reinsurance - Permanent

Dublin
Permanent
Full-time

5 hours ago

Full Time, Permanent position
Hybrid role based in our City Centre offices

What we offerWe 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 ( )Role OverviewAfter a very successful period of growth CL Re has developed a significant and diverse portfolio of reinsurance transactions. A significant project has now been commissioned to design, develop and implement an integrated suite of processes and systems that will give rise to an efficient, reliable, robust and scalable platform to support the Actuarial Function discharge its responsibilities. The platform will leverage existing processes and systems and be developed to support both the existing portfolio and the planned portfolio growth in the years ahead.A bright, talented and motivated individual is sought to fill a Senior Actuary role on the Process and System Development team to undertake the project work. This role would suit an actuary who:

Is at ease working on deep technical matters and complex models.
Is interested in applying critical thinking and working closely with a variety of stakeholders and subject matter experts to develop and implement solutions.
Is motivated by process improvement initiatives and capable of enacting change.

What you will help us to achieveIn this role the successful candidate will:

Develop a deep understanding of the Actuarial Function deliverables, the existing processes and systems, and the associated challenges and limitations.
In conjunction with the model development and data management leads, develop a clear vision for an integrated suite of modern actuarial reporting processes that enables the Actuarial Function effectively and efficiently produce its deliverables.
Work with the Actuarial teams, Actuarial Senior Management, and relevant subject matter experts to design and develop the optimal suite of processes and systems (i.e., the solution) to produce deliverables.
Develop co-ordinated and cohesive work plans to deliver the solution and provide accurate estimates for effort and timelines. Ensure that the benefits the solution gives rise to are clearly specified, carefully articulated and the means to realise them are understood and accepted as part of the delivery roadmap.
Carefully communicate the vision and the associated execution strategy to the relevant stakeholders.
Become an expert on the new processes and systems and ensure compliance with relevant Group policies, regulatory requirements (OSFI) and professional guidance.
Guide and oversee the Actuarial teams' migration across to the new processes and systems, ensuring the targeted benefits are fully realised across the Actuarial Function.
Support the development of an environment, and ultimately a culture, that encourages new approaches, challenges the status quo and inspires creativity. Explore the use of emerging technologies and develop an understanding of how they can be leveraged for actuarial processes.

What you will need to be successful in the roleThe ideal candidate will have:

Significant experience operating in an actuarial environment in an insurance or reinsurance company.
A relentless passion for success and making an impact.
Demonstrated experience across some of the following:

-Data management and analysis, cash flow modelling and actuarial reporting.
-Developing finance and actuarial systems, the software development lifecycle and change management.
-Working on process improvement initiatives (including delivering project timetables and communicating progress to relevant stakeholders),agile ways of working and long-term project management.

Extensive experience with MS Excel, MS Word, MS PowerPoint, VBA, R, SQL, Prophet, DCS, Power BI and knowledge of other modern programming languages.
A demonstrated ability to:

-Apply critical thinking, solve problems, and make decisions effectively and efficiently.
-Plan and organise work, manage time effectively and ensure timely completion of deliverables.

A high level of comfort operating in an environment with ambiguity, frequent change and uncertain parameters.
Highly refined verbal and written communication skills and in particular, an ability to effectively communicate complex concepts to different audiences.
A demonstrated capacity to build relationships, gain trust and command respect at all levels.
A credible voice speaking to senior decision makers within the Division and the Group.
A strong work ethic, a pragmatic approach to work, and a willingness to work to a flexible schedule.

Key Competencies

Functional & Technical
Problem Solving & Decision Making
Drive for Results
Innovation and Change
Planning & Organising
Communication & Influencing

About usCanada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the solutions it offers to new and existing clients in many global markets.CL Re has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re's European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 170 reinsurance professionals, including 120 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Lifeco and its companies have approximately 32,000 employees, $3.2 trillion in consolidated assets under administration and a capital ratio (LICAT) of 130% (as at 31/03/2025).As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.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. 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.

Irish Life

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