My client is looking for a new Head of Actuarial Function (HOAF) to join its operation in Dublin. My client is a leading provider of life insurance products here in Ireland but is also moving some of their European investment areas to their business in Ireland. The company have been extremely successful and are looking for an individual with the experience and gravitas to help them continue this growth. The successful candidate will be a member of a recognised actuarial association and have the experience commensurate with the requirements of the HOAF role as set out in the CBI’s “Domestic Actuarial Regime”.
Duties will include:
- To ensure that the organisation meets all statutory and regulatory requirements of the Head of Actuarial Function (PCF48) as set out in both the CBI’s “Domestic Actuarial Regime” paper and article 48 of the Solvency II Directive
- To lead and motivate an actuarial team in the execution of this work.
- To provide an actuarial opinion on the technical provisions to the CBI and present an Actuarial Report on Technical Provisions (ARTP) incorporating “policyholders reasonable expectations” as well as giving an actuarial opinion on each ORSA process to the Board
- To ensure that all reports are fully understood and recommendations with rationale are delivered in a timely manner to ensure that all members of the board and relevant committees are up to speed on the issues at hand to enable appropriate decision making.
The organisation is looking for a responsible individual who has the confidence in their technical abilities and regulatory knowledge to take on the demands of this very responsible role. The organisation has a preference for an individual that is already fulfilling the function of this role for another organisation but may consider senior individuals who are now ready to take this leap.
- Suitable applicants for this will have the following skills and experience:
- They must be a qualified actuary with at least 10 years PQE experience in the Life Insurance Industry
- Ideally candidates will be in a current HOAF position but may be in a deputy HOAF role ready to move into the new position.
- Individuals must have strong communications skills and be confident of their abilities.
My client is aware that this is a responsible role and has the budget needed to attract the most qualified candidate. Candidates interested in this role should contact Jacqui van Teutem at Raretec Recruitment Ltd on 015311400 or 0862931015 or through email at Jacqui.vanteutem@raretec.ie
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