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Actuary, Actuarial Reporting - Permanent - Canada Life Reinsurance

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Canada Life

1mo ago

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • Dublin

AI generated summary

  • You must have strong analytical skills, expertise in actuarial methods, proficiency in data analysis, and experience in reporting within the reinsurance sector. Advanced education or certifications are essential.
  • You will analyze data, prepare actuarial reports, assess risks, ensure compliance, and assist in developing pricing models to support reinsurance operations.

Requirements

  • 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, financial reporting, cash flow modelling or model development.
  • 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 collect, manage and assimilate large amounts of data with attention to detail.
  • 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.
  • Proven influencing skills to motivate outcomes and drive change.
  • Proficient user of MS Excel, MS Access, MS Word and MS PowerPoint.
  • Experience of modelling software (ideally Prophet), SQL, R, data visualisation software (ideally Power BI) and an understanding of coding standards and best practice.
  • Key Competencies:
  • Communication and Influencing
  • Planning and Organising
  • Problem Solving and Decision Making
  • Team Working and Cross Functional Collaboration
  • Innovation and Change

Responsibilities

  • Support the production of the quarterly (e.g., liabilities and earnings, capital) and annual (e.g., business plan, financial condition testing) actuarial reporting deliverables.
  • Produce a detailed breakdown of the liability movements arising from policyholder experience to support the transaction performance analysis.
  • Draft accurate, clear and concise documentation and effectively communicate insights and results to key stakeholders, including the financial and capital reporting teams.
  • Work with the Business Development team, the Operations team and the various actuarial teams to implement new transactions into the actuarial modelling framework.
  • Work with CL Re IT to develop and maintain the appropriate infrastructure to support the actuarial modelling environment and actuarial SQL platform.
  • Design, develop and implement improvements to the actuarial data models, actuarial liability models (including model governance and controls) and reporting processes to improve functionality, further automate existing reporting, accelerate reporting timelines and enhance the control environment.
  • 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 emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.

FAQs

What is the job title for this position?

The job title is Actuary, Actuarial Reporting.

Is this position full-time or part-time?

This is a full-time permanent position.

Where is the job located?

The role is based in the City Centre offices with a hybrid working model.

What kind of working model does Canada Life Reinsurance offer?

Canada Life Reinsurance offers a hybrid working model, allowing employees to balance working from home and working from the office.

What benefits does Canada Life Reinsurance provide to its employees?

The company offers a comprehensive benefits package that includes competitive salaries and bonuses, learning and development support, an excellent defined contribution pension plan, and various wellbeing initiatives.

What are the primary responsibilities of the actuary in this role?

Key responsibilities include supporting the production of actuarial reporting deliverables, analyzing liability movements, drafting documentation, collaborating with various teams, developing modelling infrastructure, and implementing process improvements.

What qualifications are required for this role?

The ideal candidate should have completed actuarial examinations with at least three years of relevant experience in a life insurance or life reinsurance environment.

What skills are essential for the candidate applying to this position?

Essential skills include strong analytical abilities, effective time management, communication skills, problem-solving capabilities, proficiency in MS Excel, MS Access, SQL, and experience with modelling software (ideally Prophet).

What type of candidates is Canada Life Reinsurance looking for?

The company seeks curious, ambitious, and innovative actuaries who can thrive in a fast-paced environment and enjoy working with complex models.

What software experience is preferred for applicants?

Preferred experience includes familiarity with modelling software (ideally Prophet), SQL, R, and data visualization software (ideally Power BI).

How does Canada Life Reinsurance promote diversity and inclusion in the workplace?

Canada Life Reinsurance has created an environment of inclusion and growth, celebrating diversity of thought and perspective, and ensuring all employees feel valued, respected, and supported.

How can applicants request accommodations during the recruitment process?

Applicants can request accommodations by contacting Lifecareers@irishlife.ie for support during the recruitment process.

Canada Life

Helping Canadians improve their financial, physical and mental well-being.

Finance
Industry
10,001+
Employees
1847
Founded Year

Mission & Purpose

At Canada Life, we’re focused on improving the financial, physical and mental well-being of Canadians. Whether handling policy claims, help growing and protecting clients’ retirement and investment savings, providing workplace mental health support for all employers or helping build stronger communities by investing in community projects, we are committed to putting the customer first in all that we do. That trust is built on the dedication, skill and energy of our employees and advisors and their commitment to our customers and to our communities. Canada Life is a subsidiary of Great-West Lifeco Inc. and is a member of the Power Corporation group of companies.