Reserving Consultant Controls

Intact Insurance View all jobs

  • Southside Dublin Dundrum, Co Dublin
  • Permanent
  • Full-time
  • 29 days ago
Join Intact Insurance and make a difference every day.Whether you're just beginning your career or looking to take the next progressive step, Intact Insurance Ireland is where you can be yourself, learn and develop, and where your ideas matter.With offices in Belfast, Galway, and Dublin, we've embraced hybrid work, empowering our people to work flexibly and deliver great service to our customers every day.We want you to thrive and grow with us – and we'll give you all the tools, flexibility and learning opportunities you need to do it.And, if you bring your best, then we promise to give you, our best.Our employees are at the heart of everything we do. Together, we help people, businesses, and society prosper in good times and be resilient in bad times.Our employee promise represents Intact Insurance’s commitment to you in exchange for living our Values, we promise to provide support, opportunities and performance-led financial rewards at a workplace where you can shape the future, win as a team and grow with us.Reserving Consultant ControlsThe key purpose of the Reserving Consultant Controls role is to carry out high-quality uplift and operation of the actuarial controls which oversee the reserve review and booking processes. This will involve working with external consultants, Group Financial Control, Corporate Actuarial and Finance teams to uplift, design, build, train other in, implement and operate an updated actuarial controls process. The Reserving Consultants Controls will support wider Corporate Actuarial work as necessary and embrace new technology, techniques and processes to help drive continuous change and improvement.Consultants will typically be around the nearly or newly qualified actuary level. Consultants can work independently and with accountability for their work, seeking support from Senior Consultants, Directors or Principals where appropriate.This role reports to the Head of Reserving (Director, Corporate Actuarial) and will work closely with the UK&I Actuarial Principal (Controls).The role is for an initial term to end 2027 but may be extended into 2028 depending on business requirements.Key Responsibilities
  • Delivery of high-quality actuarial controls to ensure effective oversight & control of the reserve review and results booking processes.
  • Carrying out actuarial process and controls management such that all relevant professional standards, regulatory standards, and IFC policies and principles are achieved and continuously complied with. Includes completion of appropriate controls documentation.
  • Working with Group Financial Control who set the controls environment in which we operate to ensure a compliant and appropriate Actuarial controls process.
  • Link into other related group projects to ensure any Actuarial process changes arising from those projects are factored into the Actuarial controls process and uplift requirements.
  • Development of data inflow (information produced by entity) and management review controls documentation & training materials including training of the team, to meet these requirements and allow the operation of the uplifted controls within UK&I Corporate Actuarial.
  • Working with key business stakeholders in other teams including Finance, Claims and Underwriting & Pricing to ensure appropriate control oversight and management of data flows between those teams and UK&I Corporate Actuarial.
  • Embrace new techniques, technology, improvements and developments led by Group Financial Controls leadership, Actuarial leadership and the UK&I leadership.
  • Building and maintaining effective working relationships with other business areas to maximise effective operation of the function.
  • Contributing to the learning, development, coaching and motivation of fellow team members and junior/ less experienced colleagues.
Requirements
  • Appropriate actuarial training, qualification and experience commensurate to the expectations set out above for consultants.
  • Newly or nearly qualified actuary or Accountant.
  • Existing knowledge general insurance reserving is essential, whilst audit and controls knowledge would be advantageous within Accountancy.
  • Existing knowledge of IFRS17 actuarial reporting would be advantageous.
  • Ability to document process control flowcharts in IBM Blueworks controls software would be advantageous.
  • Credibility to operate in support of the UK&I Actuarial leaders, work as part of an effective team, and to drive continuous improvement.
  • Relationship and trust building with senior actuarial colleagues and the business is paramount.
  • Minimum 40% of working time in the office.
Intact Insurance Ireland DAC and its affiliate companies consider applicants on the basis of qualifications and without regard to race, colour, religion, sex, national origin, age, marital or veteran status, sexual orientation, disability or any other legally

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