• Permanent
  • Ireland
  • Ref No: J6518
  • Qualification: Nearly/Newly Qualified
    Qualified

DUTIES AND RESPONSIBILITIES –

This role reports directly to the Actuarial Solvency II, IFRS17 and Modelling Manager and provides exposure to a wide range of activities and projects which are key to ensuring our success.

IFRS 2017 CACI Project Lead
• Be one of the company's experts in the IFRS17 requirements;
• Co-ordinate the IFRS17 project internally including planning and resource management in order to meet the deadlines for the project. Regular communication with external support to the project is also involved;
• Work closely with the Data Quality Management team in order to adapt the model points into the IFRS 17 frame;
• Understand interfaces to other departments and functions and assist the solution design and implementation for IFRS 17;
• Work on the normative analysis and impact assessment on the business of the company;
• Lead role in the development, testing and implementation of evolutions to adapt the current Prophet/SQL models to the new standards;
• Support the operationalization of IFRS 17;
• Contribute to production of slides and documentation for Group Model Committees.

Model Governance and Development
• Be the company expert on the functioning of the different models used in the Dublin office (mainly Solvency II liability models and Assets ALS model);
• Implement evolutions as requested to support company needs, and provide solutions for implementing new requirements in Prophet;
• Ensure compliance with Group model governance and attend regular Model Committees;
• Keep up to date documentation on model and its parameterization;
• Develop strategies to minimize run time while maintaining the accuracy of the model;
• Implement improvements as suggested by audit/external actuaries;
• Be the main contact for Audit/Actuarial Function in their review of the model by providing all necessary data;
• Maintain the control environment around Prophet – ensure Evolutions requests received, Release notes made and checks carried out on all Prophet releases;
• Suggest improvements in the Vega for QIS/ORSA purposes.

Assets/ALM and SII reporting:
• Maintain and run the ALM model (assets projections);
• Keep up to date documentation on model;
• Be the main contact for Audit/Actuarial Function in their review of the model by providing all necessary data;
• Produce documentation for the ALM committee and explain variations in assets;
• Produce and analyze Assets results which form part of the SII quarterly valuations, ORSA and sensitivities.
• Provide support to the Actuarial Solvency II teams and the Underwriting team during Budget, ORSA and quarterly reporting by answering questions on models and assisting the setting up of runs to optimise run times;
• Contribution to addressing queries from Head of Actuarial Function and Auditors on Solvency II results.

People First:
• To assign workload and projects to each member of the staff;
• To follow up on HR processes; attendance, probationary period, performance management, etc.…
• To develop and coach our staff to reach their potential;
• To identify with your team individually their strengths and their areas for improvement;
• To identify the teams individual talents and abilities and harness those for their development and to optimise the business;
• To coach and encourage staff to enhance their professional actuarial qualifications (when required);
• To fully apply the performance management process ensuring it is a 2 way process of open discussion;
• To be back-up of the fellow colleague team leader in situation of absence (Solvency II Team Leader).

External relations:
• Develop and then maintain good relationships with IT, Project, Administration & Operations, Finance and
Business Development Departments, ALM Group Team and other key stakeholders;
• With corporate clients and Third Party Administrators (TPA);
• Liaise closely with the Solvency II teams and line Manager.

Experience and qualification:

Qualification:
• Nearly-qualified or Fully Qualified Actuary.

Experience:
• Prophet coding experience a necessity;
• SAS/SQL coding experience preferable;
• VBA experience preferable;
• Experience working with Microsoft packages, particularly Excel, a necessity;
• Knowledge of Solvency II and IFRS17 principles a clear advantage.

For further information please contact [email protected] or +35316099409.

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