IFRS17 Actuary

The Finance and Actuarial team contributes to the reserving and reporting requirements of New Ireland. This includes accounting, Solvency II, embedded value and associated information as well as Bank of Ireland mandated information. It involves, in tandem with accounting professionals, preparation of assumptions based on business analysis, managing actuarial models, analysing reported numbers. It contributes to business understanding, e.g. new and existing business profitability.

The IFRS17 project leader is responsible for implementing IFRS17, a key new accounting convention which is expected to be introduced for the insurance industry in 2022, in New Ireland. A little more on this opportunity:

• Leadership role in developing new capabilities within New Ireland and Bank of Ireland.
• Significant high level interaction and influencing opportunities within New Ireland and Bank of Ireland and externally.
• Responsible for upgrading and streamlining reporting and analysis capability, drawing on internal and, where required, external resources

Key Accountabilities

• Lead the New Ireland/Bank of Ireland IFRS17 project, to deliver full implementation before the standard comes into force (expected FY 2022). Implementation to include controlled effective processes as well as compliant, appropriate and well understood reporting outcomes.
• Appoint and work with external parties as required.
• Develop a comprehensive analysis of impact of IFRS17 on New Ireland and Bank of Ireland, considering finance and process impacts.
• Ensure provision of appropriate training/education and communication relating to the new standard to affected parties.
• Ensure that, following implementation, the Finance/Actuarial team reporting on New Ireland is equipped to prepare, analyse and understand financial results.
• Support the business in identifying and addressing business and strategic impacts of IFRS17.
• In tandem with early stages of IFRS17 project, contribute to successful implementation of new actuarial modelling system.

Essential Qualifications

Qualified actuary, with substantial post-qualification experience.

Essential Skills & Experience

• Practical experience of working on financial reporting and Solvency II, incorporating the use of actuarial modelling and techniques.
• Substantial post-qualification experience in the life and pensions industry, with 5+ years within a relevant financial reporting role.
• Experience of implementing and developing financial reporting frameworks.
• Strong technical skills, including both financial modelling and reporting experience

Desirable

• Excellent understanding of the local and European reporting and regulatory environment including Solvency II.
• Excellent verbal and written 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.

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: Nov 23, 2018