Senior Manager Actuarial Governance

Blackrock, Co Dublin
Contract
Full-time

17 days ago

Job Title: Senior Manager Actuarial GovernanceFitness & Probity Classification: CF2Role Type: Fixed-term contractPosition Reports to: Head of Actuarial FunctionDepartment: Actuarial FunctionLocation: AGL Head Office, Maple House, Temple Road, Blackrock, Co. Dublin.Main Purpose of Job:The Actuarial Function of Allianz Global Life dac (“AGL”) services both AGL and Allianz Darta Savings Life Assurance (“Darta”). AGL is a cross-border life insurer with products sold into the French, Italian, German, and more recently Greek and Lithuanian markets. It also reinsures a portfolio of variable annuities sold in Japan, Taiwan and the Philippines. It currently writes unit linked, variable annuity and protection business. Darta underwrites a large book of unit-linked business in Italy and is co-located with AGL.The position holder reports to the Head of Actuarial Function (HoAF) and is responsible for managing the production of key governance deliverables within the Actuarial Function.Responsibilities will include some or all of the following:

Coordinating the preparation of Actuarial Reports including the Actuarial Report on Technical Provisions (ARTP), Actuarial Function Report (AFR) and Reporting Actuary’s Report,
Coordinating the preparation of Actuarial Opinions including the annual Opinion on Underwriting Policy, annual Opinion on the adequacy of Reinsurance Arrangements, the annual Actuarial Opinion on Technical Provisions (AOTP) and the Opinion on the Own Risk & Solvency Assessment (ORSA),
Providing a review and validation capacity for the Actuarial Function,
Managing the annual assumption setting exercise and the preparation of corresponding reports,
Reviewing and updating Actuarial Function related documents, e.g. policies,
Preparation of actuarial material and slides for Management and Board Committee meetings,
Providing actuarial support on various project initiatives (e.g. accounting/regulatory interpretations, new products etc).
Managing interaction with External Auditors and Peer Reviewers,
Management of a small team and utilising peers and other staff across the actuarial team to acquire required inputs,
Presentations to governance committees regarding actuarial methods/outputs etc.,
Contributing to the overall management of the Actuarial Function,
Ad-hoc actuarial related tasks at the request of the HoAF.

This job description shall not limit the duties which may be assigned to this role. The successful candidate shall be required to perform on a temporary or permanent basis such additional or different duties that the Company may reasonably assign to them from time-to-time.Key Performance Measures: * Accuracy and attention to detail: Communication of results and reports requires accuracy, attention to detail and importantly tailoring work to the needs of the recipient. A primary measure of performance is how the individual delivers on these requirements. The position holder is expected to display the skills of questioning, spotting errors and explaining results - taking ownership of the quality of delivery.

Productivity: (i) Proactively seek to increase own level of output and team contribution (ii) Meet delivery times while maintaining accuracy (iii) Share workload evenly with other team members - particularly at busy times.
Agile Approach: Tasks and requirements are varied and likely to evolve in line with business needs – the position holder is expected to be solution orientated and to work closely with colleagues to drive incremental progress.
Personal Development: Display ongoing development working with managers and internal programs while also take ownership of own development. Build a respected personal profile within the company.

No. of Reports: 1 direct (Indirect regular interaction with the entire staff of the Actuarial Function)Key Customers:Internal: Head of Actuarial Function and other Executive Management Team membersExternal: GroupBusiness Competencies:Education & qualifications

Qualified Actuary (c.a. 5yrs+ PQE)

Professional Competence

Experience working in the life insurance industry
Financial reporting experience
Experience of working with senior management

Product & Technical Knowledge

Strong technical understanding in core actuarial disciplines
A strong understanding of Solvency II / IFRS17 guidance and CBI requirements
Knowledge of Guarantees, Unit Linked and Protection products

Management

Experience of managing multiple deliverables to senior stakeholder
People management

Commercial Awareness

An understanding of industry best practices towards various Actuarial techniques

Personal Competencies:Flexibility

Flexible and adaptive to changing requirements.

Business Acumen

Business Acumen and solution-orientation

Organisation

Strong organisational skills required with ability to work on own initiative.

Communication

Excellent communication skills and attention to detail required.

Stakeholder Management

Ability to build strong relationships with key stakeholders.

Fitness & Probity:Conduct to be honest, ethical and to act with integrity

Demonstrate honesty and integrity

Financial Soundness

Demonstrate financial soundness

80304 | Actuarial | Professional | n.a. | Allianz Global Life | Full-Time | TemporaryAllianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.

Allianz

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