Executive Manager, Longevity Business Development

  • Dublin
  • Canada Life Group Services
Description: Full TimePermanent position Hybrid role based in our City Centre offices What we offer • Excellent salary, bonus and wider benefit package• Hybrid working model – city centre location with attractive working from home options including a Working Away policy• Further details on our benefits package can be accessed here Benefits (life-careers.com) Role Overview • In this role, you will be responsible for supporting the origination, pricing and execution of transactions with longevity risk in Europe and Asia. • This role would suit a technically strong, business focused actuary with significant people and project management experience. • You will play a key role in supporting the origination, product development, basis derivation, pricing, execution and implementation of longevity reinsurance transactions. • There will also be the opportunity to work on the pricing and treaty negotiation for asset intensive transactions. • This will be a client facing role with occasional travel in Europe. • This is an exciting opportunity for you to apply your traditional actuarial skills in a highly commercial role, supporting a wide variety of clients in a dynamic and innovative environment.What you will help us to achieve Specific responsibilities will include: • Managing a small team of high performing actuarial professionals and supporting their ongoing development• Overseeing the pricing of new transactions, including the data analysis, experience analysis/basis setting, cashflow modelling and risk assessment.• Reviewing reserves, capital and risk metrics produced from actuarial models to monitor the impact of new transactions on the wider business • Presenting new business opportunities to executive teams, highlighting material risks in order to gain transaction approvals • Client relationship management to support origination• Reinsurance treaty negotiation and associated implementation work• Liaising with R&D, corporate actuarial, operations, finance and legal teamsWhat you will need to be successful in the role The ideal candidate will have/be: • Qualified actuary with ideally 10 years plus experience. • Highly numerate with technical expertise in at least one of the following areas: experience analysis/basis setting, pricing, IFRS17 reserving, capital modelling, reinsurance treaties• People management experience highly desirable• Well organised and experienced in balancing multiple deadlines. • Excellent written and verbal communication skills• A team player with the ability to work on own initiative and prioritise effectively• The capacity to solve problems and make decisions efficiently Key CompetenciesCommercial AwarenessCommunication and InfluencingProblem Solving and Decision MakingDrive for ResultsRisk and ControlFitness & Probity This role is a ‘controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011. Any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources. 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, Asia and Europe. 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 Asia Pacific operations and the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 140 reinsurance professionals. It is a proactive, inspiring and friendly environment where talent and hard work are recognised and rewarded. Lifeco and its companies have approximately $2.6 trillion in consolidated assets under administration and a capital ratio (LICAT) of 126% (as at 30/06/2023). 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. 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. 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.​