• Permanent
  • Ireland
  • Ref No: J6584
  • Qualification: Nearly/Newly Qualified
    Qualified

To facilitate the consolidation of the quarterly technical provisions for the Life business of the Dublin-based legal entity, your responsibilities will include:
• Assisting with the production of the quarterly/annual technical provisions (TPs) and Quantitative Reporting Templates (QRTs)
• Maintaining documentation of methodologies, processes, procedures and results
• Assisting in the production of the Chief Life Reserving reports with interactions with overseas Teams
• Working with Finance, Risk Management and External Reporting to ensure the efficient production of the quarterly and annual QRTs
• Contributing to the monitoring of changes in rules and guidances or market practice relating to the calculation of TP’s and the production of QRTs
• Contributing to the continued enhancement of the Solvency II closing process
• Monitoring of the controls process relating to the Solvency II filings, and liaise with internal / external Auditors to provide data required for their quarterly/year-end procedures.
• Working with pricing actuaries to stay informed of developments of pricing bases and models
• Specification of required reserving assumptions and model changes to ensure consistency and compliance
• Propose and review Best Estimate Assumption updates
• Review the calculation of Best Estimate Reserves for SII and MCEV and the calculation of Statutory Reserves for USGAAP and IFRS 17

Projects;
To aid the effective management of the Life Reserving and Consolidation team, you will be a key contact for topics relating to the legal entity based in Dublin and your responsibilities will include:
• Support Infrastructure Team during the new Overlay Tool modernization and Centralized Database building phases
• Support IFRS 17, US GAAP LDTI implementation for Consolidation Team
• Mentor, guide and spread both technical and operational knowledges with other team members in the use and development of models and tools and in the methodolical impacts of IFRS17 and US GAAP LDTI
• Propose innovative improvements on both tools and methodology
• Review existing process and improve operational efficiency of the regulatory reporting
• Ensure a robust control framework by automation of validations
• Develop and enforce best practices for model governance
• Mentor and guide other team members in the use and development of models and tools

Other responsibilities:
• Coordinate with other team members to facilitate the consolidation
• Ad-hoc projects as defined by the management: Brexit set up framework for Life Reserving, Hong Kong Branch integration in Solvency II entity.

About you:
You have the following background, skills and mindset:
• Qualified Actuary
• Relevant experience in actuarial, preferably in Life (re)insurance reserving, valuation or pricing
• Strong IT and data management skills
• Reinsurance knowledge is an asset
• Organized, able to work in a matrix structure
• Able to set and manage priorities
• Strong communication skills and proficiency in English
• High motivation, team-orientation
• Able to fit into dynamic structure (Multi GAAP environment involving new standards, tools and models modernization project)
• Keen to work with other cultures

Contact Paul at 016099404 or paul@acumen-resources.com for further details.

Acumen Resources specialises in the recruitment of the following professionals:
Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary | Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate | Dublin | Ireland

Tagged as: Life Insurance, Systems

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