Job Description
Full Time Permanentposition 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 to name but a few. Further details on our benefits package can be accessed hereBenefits ( life- ) Role Overview After a very successful period of growth over recent years CL Re has developed a significant and diverse portfolio of reinsurance transactions. It is commencing a journey to significantly transform the approach to processes and systems across the company. The Actuarial Development team supports the development and oversight of the CL Re actuarial models, methodologies and assumptions. The team will play a central role this transformation journey. A bright, talented, and motivated individual is sought to fill a role on the team. This role would suit a curious, ambitious, and innovative actuary who: Enjoys working in a fast paced, dynamic environment. Relishes the opportunity to work with complex and innovative actuarial methodologies and models. Seeking an opportunity to work in a development and coding environment. The successful candidate will gain exposure to a wide range of reinsurance transactions, actuarial models and a variety of software (e.g., Prophet, DCS, SQL, Excel, VBA and R). They will work alongside and learn from skilled and experienced actuaries in his space. What you will help us to achieve The breadth and depth of responsibility of the role will be tailored to suit the skills and experience of the successful candidate who will: Support the development of the actuarial models through rigorous testing and validating of model changes using analytical skills and a keen attention to detail and presentation. Support the design, development, and implementation of improvements to the models and surrounding processes with a desire to further improve their own coding and development abilities. Design, communicate and adhere to long-term project planning ensuring that key milestones are reflected and achieved on schedule. Communicate model validation results with stakeholders ensuring that the full breadth of model functionality and limitations are well understood. Work with the Modelling team, the Transaction Reporting teams and the various actuarial teams to implement new transactions into the production framework. Draft accurate, clear and concise documentation and effectively communicate key insights and results to all stakeholders (Head of Actuarial Development, Head of Actuarial etc.). Review and develop the relevant actuarial modelling methodologies and techniques. This will include keeping up to date with industry developments. Support the design, development, planning and implementation of relevant CL Re and Group projects and strategic initiatives. Process and system developments will be a key priority over 2025 - 2027. Keep up to date with best practice through engagement with colleagues across the Division, Lifeco, the relevant professional bodies and individual research. What you will need to be successful in the role The ideal candidate will have: Completed the actuarial examinations with at least three years relevant experience in either a life insurance or life reinsurance environment. Some experience of data management and manipulation, cash flow modelling, model development or actuarial reporting. An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule. An assertive and self-motivated personality with the capacity to work autonomously, as part of a team and across teams. Strong analytical skills with the ability to reliably challenge, test, and validate new model developments. An ability to plan work, manage time effectively and deal with changing requirements to ensure timely completion of all deliverables. The capacity to effectively and efficiently to solve problems and make decisions to ensure successful completion of deliverables. Well-developed verbal and written communication skills. Proficiency in the use of MS Excel, MS Access, MS Word and MS PowerPoint. Experience of modelling software (ideally Prophet), SQL, Excel VBA, and an understanding of coding standards and best practice. Key Competencies Planning and Organising Communication and Influencing Team Working and Cross Functional Collaboration Problem Solving and Decision Making Innovation and Change Technical Competencies Technical expertise. 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, more recently, Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse and investment risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the reinsurance 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 160 reinsurance professionals, including 115 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. Lifeco and its companies have approximately $2.8 trillion in consolidated assets under administration and a capital ratio (LICAT) of 128% (as at 31/12/2023). The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Canada Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Canada Life Reinsurance by Recruitment Agencies will not be accepted for this role. Canada Life Group Services is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported. We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture. If you require any accommodations during the recruitment process please contact and we will be delighted to ensure you are fully supported to be your best. CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland. To be considered for this role you will be redirected to and must complete the application process on our careers page. To start the process click the Apply button below to Login/Register.