We have an exciting new opportunity for a Head of Actuarial Function (PCF-48) to join a well-known provider of financial and insurance solutions. This position is based in a dynamic and innovative team with a focus on life insurance. The successful candidate will have several years post-qualification experience and extensive knowledge of actuarial analysis, risk management, and regulatory frameworks like Solvency II, with a proven ability to lead teams and manage complex actuarial work in the life re/insurance sector. They will also possess strong communication skills and experience working collaboratively with senior management. This position is based in Dublin City and has a hybrid work structure.
About the Head of Actuarial Function role
Duties for this role include (but are not limited to):
General Management:
- Lead and motivate a team of actuaries, ensuring actuarial and risk impacts are considered in key business decisions and supporting strategic initiatives like product development and pricing.
- Promote professionalism and effective actuarial risk management across the actuarial communities, while managing Solvency II updates and participating in key management committees.
Head of Actuarial Function:
- Oversee Solvency II Technical Provisions and actuarial assumption reviews, providing expert input on liabilities, actuarial reports, and risk management systems like ORSA.
- Ensure compliance with regulatory requirements, oversee new product development, and support reinsurance activities, providing necessary input to the Board and collaborating with actuarial functions across European entities.
- Guarantee compliance with requirements provided by the CBI for the Head of Actuarial Function, including the requirements under the ‘Domestic Actuarial Regime and Related Governance Requirements’ and the ‘Guidance for (Re)insurance Undertakings on the Head of Actuarial Function role’.
Actuarial skills required
Our client is seeking a Senior Qualified Actuary with at least 8+ years of post-qualification experience, ideally in the life or reinsurance industry. A current or previous PCF holder is a distinct advantage however non-PCF candidates will also be considered. Candidates should have experience in the following areas:
- Extensive knowledge of actuarial work, including complex analysis and Solvency II regulations.
- Experience in leading and mentoring teams in a senior actuarial role within a fast-paced, complex environment.
- Proven expertise in risk management frameworks, reinsurance, and working with various risks across life, non-life, and P&C sectors.
- Ability to engage with regulators and present to boards and management committees.
- A demonstrated ability to influence stakeholders and contribute constructively to senior management discussions.
- Strong leadership skills, with experience fostering an inclusive and collaborative work environment.
Candidates interested in this role should contact Grace Caraher at grace.caraher@raretec.ie or 01 592 7864.We are happy to help you and can facilitate you outside of normal office hours. Alternatively, you can call us on 015311400.
If you are interested in exploring roles in the life insurance sector, then get in touch today. We don’t advertise all of our positions. If you register with us, we will contact you about suitable roles as they come through. Contact us today at recruitment@raretec.ie