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)

Role Overview

After a very successful period of growth over recent years CL Re has developed a significant and diverse portfolio of reinsurance transactions. A core objective of the ALM function is to drive the optimisation of our balance sheets across asset strategy, earnings, capital, liquidity and our commercial objectives. We are seeking a bright, talented and motivated individual to support and shape the development of our asset strategies. This includes both the initial development and on-going review to ensure we win new transactions and optimise existing transactions.

What you will help us to achieve

Reporting to the Head of Asset Strategy, this role would suit an experienced reporting, investment or ALM actuary who:

Is interested in working with assets and investments and wants to influence the development of our investment capabilities, governance and reporting.
Wants to be part of a forward-thinking team where creativity and problem-solving is central to what we do.
Thrives in a fast-paced, high-change setting.
Is at their best in a commercial, innovative, collaborative and cross-functional environment.

Whilst this role sits within an actuarial-led ALM function, applications are equally welcome from non‑actuarial professionals with strong investment, asset strategy or ALM expertise.

You will help us to:

Build deep knowledge and expertise on the CL Re balance sheet, the different exposures and the associated modelling and reporting. This includes:
- The different asset classes (fixed income, private placements, mortgages, securitised products, private credit, etc.) and the associated derivative and hedging strategies.
- The different asset and ALM risks (credit, property, equity, interest, inflation, currency, liquidity, deployment and reinvestment risks, etc.).
Work in partnership with relevant CL Re teams (e.g. new business origination, ALM, Actuarial, Finance and Risk) and Great‑West Investment Division teams (e.g. CIO, Investment Operations) to:
- Develop the Strategic Asset Allocation (SAA) for each in‑force and new business segment, including the SAA used for stress and scenario analysis.
- Explore and develop investment solutions, including new asset classes, asset structuring, derivatives and associated hedging strategies.
- Develop and review methodologies and assumptions for asset risk measurement and performance (e.g. defaults, downgrades, trading gains metrics).
- Present proposals for approval at the relevant entity, Divisional and Group forums.
Provide investment and asset strategy support to key stakeholders and activities, including:
- ALM reporting, financial reporting and capital reporting teams.
- Marketing, pricing and underwriting teams.
- Various strategic and corporate initiatives from time to time.
Develop and maintain efficient, effective and well‑controlled asset strategy and portfolio management processes, including supporting data, tools and systems.
Monitor and keep up to date with relevant Divisional, Group, industry, market, competitor and regulatory activity, assess the implications and opportunities for CL Re, and action response plans as necessary.

More specific responsibilities will include

Developing and maintaining a deep understanding of CL Re’s assets, liabilities and associated risks.
Designing, implementing and refining Strategic Asset Allocation frameworks and methodologies.
Assessing and recommending investment solutions and hedging strategies to optimise risk‑return outcomes.
Supporting ALM, financial and capital reporting through robust analysis, insight and challenge.
Preparing and presenting clear, well‑structured proposals and recommendations to senior stakeholders and governance forums.
Enhancing asset strategy and portfolio management processes, including documentation, controls and governance.
Leveraging data, models and tools to improve insight, efficiency and decision‑making.

What you will need to be successful in the role

The ideal candidate will have:

An actuarial or similarly relevant qualification, or equivalent depth of experience, with at least eight years’ relevant technical experience.
A commercial mindset.
Demonstrated interest and depth of experience across at least some of the following:
- Investment and ALM risks (e.g. credit, interest, inflation, currency, liquidity, deployment and reinvestment).
- Asset management, investment principles and processes, LDI investment and investment markets.
- ALM techniques including asset and liability cash flow modelling, interest and inflation modelling, cash flow matching.
- Financial reporting and capital reporting.
An appetite to explore and use the latest AI techniques and ways of working to deliver better outcomes, including operational efficiencies and deeper insights.
Experience working with:
- Investment data (e.g. Bloomberg, Refinitiv, ICE Data Services).
- Modelling tools (e.g. Excel, Prophet, Python, R).
- Data management tools (e.g. SQL).
- Data visualisation tools (e.g. Power BI).
A collaborative mindset and an appetite to work effectively in partnership with colleagues across the Dublin office, the Division and the Group, with a demonstrated capacity to build relationships, gain trust and command respect at all levels.
The ability to plan work, manage time effectively and work autonomously or as part of a team to ensure timely completion of deliverables, including:
- Experience managing multiple workstreams simultaneously to demanding schedules.
- The capacity to solve problems and make decisions effectively and efficiently.
Strong verbal and written communication skills, with the ability to communicate complex concepts clearly and adapt to different audiences.
A high level of comfort operating in an environment with ambiguity, change and uncertain parameters.
Well‑developed professional judgement and ease in balancing urgency and importance.
A strong work ethic, a pragmatic mindset, a willingness to work to a flexible schedule and to travel occasionally.

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 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 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 180 reinsurance professionals, including 120 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.

Lifeco is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Lifeco and its companies have approximately 33,000 employees, $3.3 trillion in consolidated assets under administration and a capital ratio (LICAT) of 128% (as at 31/12/2025).

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.

Senior Actuary, Asset Strategy

Benefits

Job Description