Location:Dublin, IECompany: Irish Life Group Services LimitedFull Time Permanent positionHybrid role based in our City Centre officesWhat 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.At Irish Life, our purpose is to help people build better futures. Our company values shape everything we do and underpin our vision of being the driving force behind Ireland’s financial, physical, and mental well-being.We believe in doing the right thing—acting with integrity and making fair, responsible decisions. We aim high, setting ambitious goals and find better ways to innovate and improve.Our customers are at the heart of everything we do and we are dedicated to understanding their needs and exceeding their expectations. Achieving this is only possible when we work best together—in a supportive, collaborative environment where every idea and contribution is valued.The Executive Actuarial Manager role provides an excellent opportunity for the right candidate to excel in a senior actuarial / risk management discipline, whilst gaining wide-ranging exposure to the most senior stakeholders and the governance and workings of the organisation.Working with Irish Life presents an exciting opportunity to be part of one of Ireland’s leading financial services companies, known for its innovation, stability, and strong reputation in insurance, pensions, and investments.The company fosters a dynamic and collaborative work environment, offering career growth, learning opportunities, and strong employee benefits. With a commitment to customer excellence, diversity, and sustainability, Irish Life provides a chance to contribute to meaningful financial solutions while working in a forward-thinking, people-focused organisation.We reserve the right to create a panel of suitable candidates for this role type. Any permanent or fixed term opportunities that arise within the next six months may be appointed from this panel if required.What you will help us to achieveAs leader of a high-performing team of professionals, the successful applicant will support our risk management and ORSA framework. Reporting to the Head of Risk for Insurance and Financial Solutions (IFS), the role is a key senior member of the 2nd Line Risk Function. The Risk Function’s primary objective is to provide independent risk oversight and effective challenge of all risk-taking activities and embed a disciplined risk management culture across the business.The scope of the role extends across the Irish division and Canada Life Irish Holding Company, but with a primary focus on Irish Life Assurance (ILA). The role holder will work directly with, and support, the ILA CRO and the ILG CRO.More specific responsibilities will includeLeading, developing and motivating a team of professionals.Deliver a comprehensive ORSA process for ILA, satisfying ILA Board and CBI expectations. This includes an annual ORSA report, including a range of projections and stress tests; ancillary items including a Recovery Plan; ad-hoc ORSA analysis, including applying an ORSA lens to material business decisions through the year.Proactively interpret ORSA output and make recommendations to the ILA CRO and Senior leadership in relation to risk mitigation and other actions.Proactively monitor ORSA approach. Role is empowered to, and expected to, make changes to approach, which are appropriately thought through and justified.Support ILA CRO in communication to ILA Senior Leadership and Board Risk Committee. This will include drafting and directly presenting papers to the ILA Executive and Board Risk Committee throughout the year.Significantly contribute to Risk Function objectives, including risk reviews and other risk management, monitoring and oversight of risks.Oversee, with CRO and Actuarial Function, the implementation of risk management / mitigation initiatives, including reinsurance initiatives, ALM approaches, etc.Work directly with the ILG/CLIHC CRO to deliver the ORSA process for ILG and CLIHC, building on ORSAs of subsidiary entities in an efficient and effective manner.Produce Irish division risk budgets and monitor compliance.The risks faced by the group are constantly evolving and the role holder ensures that they and their team remain up to date on emerging risks and regulatory developments.Supporting the CRO in managing the interaction with the Central Bank of Ireland, including leading and managing responses to Core Risk Assessments or other regulatory reviews.What you will need to be successful in the roleThis is an exciting opportunity for an experienced and ambitious Actuary. The ideal candidate should have:Excellent communication skills, with an ability to communicate and present directly to senior stakeholders including the Board of Directors. An ability to articulate and communicate complex messages in a straightforward manner.Strong influencing skills with an ability to influence at all levels.Proficient in actuarial techniques and their application to real world problems.Qualified Actuary, with significant and relevant post qualification experience.A strong blend of technical ability, judgement, and commercial awareness.A good understanding of the Group's main business activities in its key divisions.Excellent analytical and problem-solving capability, and capacity to understand wider business implications.Strong collaboration skills and ability to work with a range of business units and functions to achieve overall strategic and business targets.Proven leadership skills and experience in leading a high performing team of professionals that deliver on commitments.Excellent organisational skills with an ability to flex and adapt to changing circumstances.Fitness & ProbityThis role is a ‘controlled function’ as set out in the Central Bank Reform Act 2010 and defined by the Fitness and Probity Regulations and Standards 2011. Any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources.About usIrish 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.Application ProcessIf you feel you would be a great fit for this role, please discuss your interest in the position with your line manager first. We then welcome you to submit your application (CV and Cover Letter) via the SuccessFactors portal. Applications are to be made through this location only, we don’t accept email applications. If you are currently an External Contractor working in the Group, please contact LifeCareers@irishlife.ie for further details before submitting an application.Please note the closing date for receipt of applications is 24/04/2025. Applications will not be accepted after this date. The post will be advertised across the Irish Life/ Canada Life Group.If you are successful in this process, the standard terms and conditions of the new role (and if applicable new business unit) apply. The new terms and conditions may differ from your current terms and conditions. These changes may affect benefits such as Health benefit/allowance, Flexi leave/Flexi time arrangements, Pension Contributions or your Bonus range so it is very important to check and understand what changes may apply to you should you be successful in the selection process.We reserve the right to select a shortlist from the applications received. The selection process employed will be at the discretion of the Group. We have sized this role at the job grade noted above however we reserve the right to underfill this role if required, at the grade most suited to the successful candidate in the process.ILGL supports Equal Opportunity.
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