Actuarial Function (Senior Actuary)

Ireland
Permanent
Full-time

1 month ago

Permanent Ref No: 1611593 Qualification: QualifiedThe Actuarial team is an integral part of the company's financial and risk management operations. Positioned within the Finance function, this team is responsible for all aspects of actuarial financial and solvency reporting, assumption setting, and oversight on product developments. They play a crucial role in ensuring the company's financial stability by contributing to both risk and capital managements. Additionally, the Actuarial team collaborates with other departments to provide insights that assist in making business decisions and ensuring regulatory compliance.The OpportunityWorking closely with the Head of Actuarial Function, the role of Senior Actuary assists the review of Solvency II Pillar I valuation, ORSA, and the timely submission of actuarial reports to the Irish & UK Boards and associated regulators.The role is suited to a driven actuary with a proven track record of successfully leading both project and financial reporting work, and strong report writing and communication skills who is looking to progress into a Head of Actuarial Function role within the life sector in the medium/long term. You'll collaborate closely with other Finance functions, Operations and Risk, in an environment where every contribution is respected, and every perspective is heard.Key Responsibilities

Performing all aspects of actuarial work, including financial reporting and solvency reporting
Review and evaluation of the quarterly reserves and capital requirements, liaising closely with the various stakeholders
Production of quarterly packs for management reporting and presentation of this information to the Company's Exec and Board.
Engaging with Company senior management to assist them in other areas like financial risk, product distribution, and capital management
Evaluation of the Own Risk Solvency Assessment (ORSA) projections and preparation of relevant reports.
Assist internal and external audit, peer review, and manage regulatory interactions with the CBI and PRA.
Maintaining Actuarial Function documentation of key processes, procedures, and results
Assisting the continued enhancement of reporting processes (e.g. work with stakeholders within the organization to align on all relevant financial reporting metrics such as IFRS 17, GAAP, etc.), introducing efficiencies within the actuarial function, and increasing automation

Required Qualifications

An Actuarial Qualification (preferably FIA or FSAI) with approximately (a guide) 2-5 years' post qualification experience
Strong record of success in leading an Actuarial team and meeting project and regulatory deadlines
Excellent report writing skills with experience preparing reports for Company Executive Committees and Board
A strong desire to ultimately progress to be a HoAF in the medium/long term
Detailed knowledge of Solvency II requirements
Ability to work collaboratively with other teams to both build relationships and meet tight deadlines
An ability and desire to communicate clearly to senior management
Previous experience in managing regulatory interactions with the CBI or PRA
Strong desire to collaborate with teams on innovative technologies, including AI tools like Copilot and Databricks

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