Dublin, Ireland | Permanent | Full time
Full time | Dublin | Ireland
The Actuarial Valuations Department is a key financial reporting function within New Ireland Assurance. The team of 15 people are responsible for quarterly and annual valuations of the company for EV/IFRS/local GAAP and Solvency II reporting, monthly profit reporting, forecasting and budget planning. This involves understanding and analysing drivers of profit/solvency, supporting the development of customer propositions and enabling management to take a strategic view on commercial aspects of the company.
Purpose of the Role
The Financial Reporting Actuary is a key role which reports to the Head of Actuarial and Valuations of New Ireland Assurance.
The role has responsibilities with regards to EV/IFRS reporting, Risk Management and supporting senior management in achievement of the Company Strategy and Business Plan.
-Overseeing the calculation and analysis of the MCEV and IFRS value of the Company on a quarterly basis, including all drivers of profits
-Monthly management accounting process including value of new business reporting for reporting to CFO and Board of Directors
-Provide key input into forecasting/budgeting process
-Supporting senior management in the development and achievement of the Company Strategy and Business Plan
-Ensure that the Actuarial Valuations team has appropriate systems and controls in place
-Support of Commercial department in providing information to assist in pricing of both new and existing products
-Support the implementation of new IFRS17 accounting standard
What is the opportunity
-This role is an excellent opportunity for an individual with strong actuarial skills to work with a team of 15 people. The role has responsibilities with regards to MCEV/IFRS reporting, business planning, and supporting senior management in achievement of the Company Strategy and Business Plan
-This is a people management role with 5 people reporting to the role holder
Essential Skills & Experience
-Qualified Actuary with proven experience of the life and pensions business
-Financial reporting experience including MCEV, IFRS and Solvency II
-Strong analytical, problem solving and modelling skills
-Proven track record in deliver with a demonstrated ability in managing multiple tasks
-Ability to effectively lead, develop and motivate your team to ensure delivery against objectives and maximising potential
-Excellent written and verbal communication skills
-A proven ability to work effectively with, and constructively challenge and influence the actions of stakeholders up to and including Board level
-Effective leadership and team working skills
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.
At the heart of our purpose is our commitment to Inclusion & Diversity: To foster an inclusive working environment where all colleagues are enabled to reach their full potential.
We are working to develop a more inclusive and diverse environment, supported by the development of our Employee Support Networks.
At Bank of Ireland we are changing. We are committed to enabling our colleagues to thrive and offer agile ways of working to maximise choice and flexibility in how we work and live. Varying degrees of optionality apply depending on the role. For more detailed information on this role, please contact us, or let us know your preferred working arrangements when you apply.
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