The Finance and Actuarial department is responsible for reserving and reporting requirements. This includes accounting and regulatory regimes including Solvency II, embedded value, IFRS and associated information. It involves, in tandem with accounting professionals, preparation of assumptions based on business analysis, managing actuarial models, examining reported numbers. It contributes to business understanding, e.g. new and existing business profitability.
Purpose of the Role:
This is a key role in delivering fundamental changes to the way in which IFRS is calculated, implemented and presented.
Financial Impact Assessment to help support key methodology proposals
Assist with planning and forecasting numbers for IFRS17
IFRS17 business and data requirements
Transition balance sheet exercise
Build models to roll forward the historic Contractual Service Margin
Configuration and test of IFRS17 accounting solution
Building IFRS17 tools: e.g. for discount rate calculation, risk adjustment parameters, attributable expenses
Contractual Service Margin (CSM) tool prototype testing
Dry run testing of the data preparation layer, CSM tool and subledger
What is the opportunity?
This position offers the opportunity to have a key role in delivering fundamental changes to the way in which IFRS is calculated, implemented and presented.
The role will offer the successful candidate to become a senior member of the Actuarial Reporting team once IFRS 17 becomes effective.
Flexible Working: Our commitment to enabling colleagues to thrive means that depending on role type you can have choice and flexibility in where you work and live, subject to your role, customer needs and our requirements. We have a hybrid working model, with home, agile hub and office based options available. We will always list a primary location which can be where you go for in person collaboration, and a location where you can best perform your role. Please note you must live in the jurisdiction for the business to which you are contracted.
This job can be done anywhere in ROI with the primary office location as Dublin to which travel will be required for in person collaboration. Exact frequency to be agreed with manager.
A Qualified Actuary with at least 3 years' experience of the life and pensions business
Essential Skills & Experience:
Financial reporting experience including MCEV, IFRS and Solvency II
Knowledge of the financial structure and operation of life and pensions products
Experience in implementing reporting change (e.g. Solvency II) or in auditing / peer reviewing / independent validation of reporting change
Excellent communication and presentation skills
Proven track record in delivery with a demonstrated ability in managing multiple tasks
Strong teamwork skills
Desirable Qualifications, Skills & Experience:
Good IFRS17 experience advantageous
Track record of continuous improvement and process re-engineering
Prophet modelling skills
Customer Focused - Leader
One Group, one team - People Manager
Agile - People Manager
Accountable - People Manager
Manage Risk - People Manager
Please contact [email protected] or 016099404 for further information.
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