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Trainee Actuary
Posted on Nov. 21, 2024
- Dublin, Ireland
- 0 - 0 USD (yearly)
- Full Time
Location:
Dublin, IE
Company: Canada Life Group Services
Description:
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 here Benefits (life-careers.com)
CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland.
- Full Time Permanent position
- 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 here Benefits (life-careers.com)
Role Overview
CL Re is seeking to recruit an energetic and talented individual in the role of Trainee Pricing Actuary. The successful candidate will gain exposure to a wide range of reinsurance transactions and will be involved in the origination, pricing and implementation of new reinsurance structures in global markets. They will work alongside and learn from skilled and experienced actuaries in this space. While the role has an international market focus, we expect that most of the work will be carried out in Dublin with minimal, if any, business travel requirements.
Applications are invited from suitably qualified candidates for this role.
Duties & Responsibilities
- Supporting the data analysis and underwriting of new business transactions to ensure all risks are adequately understood.
- Pricing new transactions in line with underwriting guidelines and Canadian and Solvency II reserving and capital requirements.
- Drafting accurate, clear and concise documentation and effectively communicating key insights and results to peers.
- Preparing transaction approvals and presentations for senior executives
- Liaising with the Finance team, the Operations team and the various actuarial teams to implement new transactions into the production framework.
- Market and client research to support the origination of new business.
- Helping to develop and maintain strong client relationships.
The Person
The successful candidate ideally would be a part-qualified Actuary and should possess:
- 2-3 years’ experience in a life insurance or life reinsurance environment
- Experience in Pricing or Product development considered an advantage
- Strong analytical skills and problem-solving ability
- Excellent communication and inter-personal skills
- Actuarial modelling skills including Prophet, SQL, R, VBA experience considered an advantage
- An ability to plan work and manage time effectively
- Assertive, self-motivated with the ability to work autonomously where needed
Key Competencies
Functional and Technical
Planning & Organising
Drive for Results
Problem Solving & Decision Making
Team Working & Cross Functional Collaboration
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 110 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 Lifecareers@irishlife.ie 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.
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