Description:
- Full Time Permanent position
- Hybrid role based in our City Centre offices, with on-site attendance three days per week (Tuesday, Wednesday and Thursday).
What we offer
We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.
We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.
Further details on our benefits package can be accessed here Benefits (life-careers.com)
The Global P&C Business Unit is responsible for P&C transactions in International Markets. Global P&C offers Structured and Property Catastrophe Retrocession solutions to our clients in EMEA and APAC. We have grown significantly in recent years, and we have ambitious plans for continued growth. We are seeking a qualified Actuary who will report to the Executive Manager – P&C Structured.
The role will suit an applicant with a good mix of technical skills, commercial awareness and ability to manage client expectations. The role has significant exposure to CLRe senior management. The successful applicant will gain invaluable experience working with the some of the largest P&C insurance and reinsurance companies in the World.
What you will help us to achieve
In this role the successful candidate will:
- Work directly with the Executive Manager – P&C Structured to evaluate prospective Structured P&C transactions. This includes the renewal of in-force transactions and acquisition of new transactions.
- Take ownership of pricing and analysis of individual transactions from initial evaluation to treaty signature.
- Regularly present analysis and findings to senior management as part of the CLRe transaction underwriting process.
- Work collaboratively with Risk, Actuarial, Finance and other functions to further the goals of the Global P&C Structured team.
- Lead ongoing projects to further the effectiveness of the Global P&C business unit.
- Develop market and client relationships to generate new business opportunities for CLRe in London, Continental European and other Reinsurance markets.
More specific responsibilities will include
Reporting to the Executive Manager – P&C Structured, you will have the following responsibilities:
- Transaction Knowledge: Develop and maintain a deep, understanding of the Global P&C inforce book of structured transactions.
- Pricing: Evaluate new transactions by independently modelling and pricing the transactions and subsequently guiding the transactions through the CLRe Underwriting Process.
- Modelling: Build, maintain and improve transaction modelling tools to ensure consistent pricing and analysis of transactions and their resulting aggregation of exposures.
- Client Servicing: Work closely with CLRe clients to structure transactions that meet their needs while ensuring the risks covered are well understood and within risk appetite.
- Colleague Support: Support deal originators with appropriate actuarial input on structuring and pricing.
- Contract Negotiation: Ensure that reinsurance contracts include appropriate commercial terms and provisions by working closely with the legal teams throughout contract negotiation.
- Portfolio Management: Work closely with Actuarial, Finance and Operations teams to ensure appropriate management of assigned transactions.
What you will need to be successful in the role
- A recognised actuarial qualification with 5 to 10 years industry experience.
- Relevant experience is some or all of the following areas: Structured Reinsurance, Reinsurance Pricing, P&C pricing or reserving, Client and/or Broker facing role.
- Highly effective communication skills with the ability to evaluate complex reinsurance transactions through communication with clients, brokers and internal stakeholders.
- Excellent judgement and prioritisation skills, with the ability to manage multiple complex workstreams in parallel whilst balancing urgency and strategic importance.
- I.T. Skills – experience of advanced analytics and modelling capabilities, including practical experience with:
- Modelling tools (e.g. Excel, RMS, Python, R).
- Techniques (e.g. Monte Carlo Simulation, Claims distribution setting)
- Data management (e.g. SQL).
- A commitment to working in a diverse and inclusive work environment
- A willingness to travel as required
Fitness & Probity
This role is a ‘controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011. Any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources.
About us
Canada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and, more recently, Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the reinsurance solutions it offers to new and existing clients in many global markets.
CL Re has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re’s European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 160 reinsurance professionals, including 115 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.
Lifeco and its companies have approximately $3.3 trillion in consolidated assets under administration and a capital ratio (LICAT) of 131% (as at 30/09/2025).
As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Canada Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Canada Life Reinsurance by Recruitment Agencies will not be accepted for this role.
Canada Life Group Services is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported. We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.
If you require any accommodations during the recruitment process please contact Lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.
CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland.
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