Nearly/Newly Qualified Actuary (Operations)
Join to apply for the Nearly/Newly Qualified Actuary (Operations) role at Canada Life Reinsurance.
* Hybrid role based in our City Centre offices.
What we offer
We 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.
Role Overview
Canada Life Reinsurance (CL Re) has undergone a period of significant growth in recent years. To support the growth in the business, as well as project work on the team, CL Re is recruiting a Trainee Actuary in the Actuarial Operations function. The Actuarial Operations function is responsible for the ongoing administration of a growing portfolio of traditional and bespoke reinsurance solutions transactions – predominantly structured reinsurance as well as traditional life and payout reinsurance.
What you will help us to achieve
In this role the successful candidate will:
Project Support:
* Support the design, development, planning and implementation of relevant actuarial projects at CLRe.
Innovation and Automation:
* Be a part of an office transformation project that enhances process automation and control environments.
Process Improvement:
* Design, develop and implement model and process improvements, including model governance and controls, to further automate existing processes and enhance the control environment.
Data Analysis:
* Monitor transaction performance and communicate insights to key stakeholders, including senior management.
* Understand, verify and cleanse client data for delivery to the Actuarial function’s quarterly reporting processes.
Engage in Treaty Management:
* Develop an in-depth understanding of CL Re’s portfolio of longevity swaps, bespoke structured and other reinsurance solutions.
* Review treaty requirements prior to treaty execution and provide feedback to support the Business Development function.
* Monitor adherence to treaty obligations and stipulations.
* Input into client discussions on amendments to existing treaties.
Client Reporting & Settlements:
* Review, analyse and conclude on client reporting.
* Review and ensure approval for transaction settlements and collateral movements.
Stakeholder Engagement:
* Work with a team of dynamic professionals and develop strong relationships with internal and external clients.
Professional Development:
* Keep up to date with emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.
The breadth and depth of responsibility of the role will be tailored to suit the skills and experience of the successful candidate.
What you will need to be successful in the role
* An actuarial qualification or university degree progressing towards actuarial qualification, with at least two years of experience in an insurance or reinsurance environment.
* Strong problem-solving and independent decision-making skills, with the confidence to act autonomously when required.
* Strong IT skills, preferably with experience in automation.
* Experience working with data management software and modern programming languages (e.g., R, SQL, Python, VBA) and data visualisation (e.g., PowerBI).
* A demonstrated ability to build and maintain strong relationships.
* Self-motivation and assertiveness with the capacity to work autonomously, as part of a team and across teams.
* Excellent verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
* Strong time management skills, with the ability to prioritize tasks, adapt to dynamic environments, while ensuring timely completion of deliverables.
* Experience working with Microsoft Office.
* A commitment to working in a diverse and inclusive work environment.
About us
Canada 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.
As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
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.
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