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Trainee Actuary


Trainee Actuary

Dublin | Ireland

Established in 1918, New Ireland Assurance is the first wholly Irish owned life insurance company to transact business in Ireland. Part of Bank of Ireland Group, we are currently the second largest life assurance company in the Irish market with over 500,000 policyholders and ,15 billion in assets under management. We provide life assurance, pensions and investment solutions to individual and corporate customers.

The successful candidate will join the Product Management team, a dynamic actuarial team which is responsible for the development of new products as well as providing expert technical support to Sales and other parts of the business.

The successful candidate will be part of the annuities team within the Product Management area. The annuities team is responsible for the pricing and development of the Company`s annuity offering. This includes both individual and bulk annuity business.

Key Responsibilities

  • Work with senior staff in the Product Management Team and input into product strategy
  • Assist in the design and specification of new products and changes to existing products
  • Take a lead project management role on projects within the Product Management team, adopting robust project management techniques
  • Work with a range of different parts of the business, including Sales, Marketing and Customer Services to better understand both the marketplace and customer needs
  • Work with existing pricing models, or create new ones as required, to ensure product pricing achieves the Company`s goals
  • Work as part of a team to provide expert technical and actuarial support to the business
  • Provide quotations for all types of annuity business
  • Liaise with reinsurers to help New Ireland grow the annuity business that it writes

Essential Qualifications

The ideal candidate will be a nearly or newly qualified actuary with at least 2 years` industry experience.

Essential Skills & Experience

Given the degree of interaction with other parts of the business, strong interpersonal and communication skills are vital. Strong analytical ability is important.


Experience of product pricing, product development and project management would be advantageous but not essential. Specific experience in annuities pricing or longevity would also be advantageous.

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.

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.

Closing date: Oct 23, 2018
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