The Wealth and Insurance division of Bank of Ireland is a market leading life, pension and general insurance provider in the Irish market. The Life Company (New Ireland Assurance Company) was established over 100 years ago and provides a range of protection, investment and pension products offering customers access to a wide range of investment markets and fund managers across its fund platform. New Ireland distributes across three core channels made up of the Group’s distribution channels, independent financial brokers and its own tied financial advisor network. It is the only Bancassurer in the Irish market.
The role will be primarily focused within the Reinsurance area of the Actuarial Function. It will involve supporting the design, implementation and oversight of the overall reinsurance strategy for the Company. Other responsibilities include account settlement and experience analyses. The role offers the opportunity to work closely with our Capital, Actuarial Valuation and Product teams in the production of quarterly financial reports on the company value and solvency position, and in support for Commercial operations.
Purpose of the Role
This is an excellent opportunity which offers the successful candidate the opportunity to become a part of the Actuarial Function team. The purpose of the role is to assist in the design, implementation and oversight of the overall reinsurance strategy, and in the valuation and reporting of reinsurance arrangements policies on a quarterly basis in order to meet financial reporting deadlines.
Key Accountabilities
The role involves supporting the Reinsurance Actuary in ensuring that the Company’s reinsurance arrangements are within the parameters of the reinsurance policy and risk appetite. This includes:
Other opportunities include:
What is the opportunity
The role is open to student/nearly qualified actuaries who would like the opportunity to play a significant role in the continued development of New Ireland’s reinsurance arrangements, and support on cross-functional projects with Finance, Risk and Commercial teams.
The successful candidate will be involved in a variety of analytical and development work which will draw on their strong technical, analytical and communications skills. The role reports to the Reinsurance Actuary and working arrangements will be flexible with working from home facilitated, it may be necessary to attend a central Dublin based office from time to time.
Essential Qualifications
The role holder will be a student/nearly qualified actuary or recent graduate with a mathematical or actuarial background, with experience working in the Life and Pensions business.
Essential Skills & Experience
Desirable Qualifications, Skills & Experience
Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.
Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.
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