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About the Role
The Life Actuarial Risk Management (LARM) team delivers relevant and reliable information on financial reporting, analysis, risk, capital, and value to stakeholders. This role involves investigating, assessing, and reporting on the quality of treaty and policy data used in actuarial systems for reserve and policy liability determination.
Responsibilities
- Investigate, assess, and report on the quality of treaty and policy data used by actuarial systems to determine reserves and policy liabilities.
- Prepare and analyze data from all available sources.
- Review applicable components of the Terms of Trade (TOT) to confirm their appropriateness for valuation.
- Present on valuation TOT and change analysis to internal stakeholders.
- Investigate appropriate reserving techniques, including preparation, modeling, and analysis of MRA's reserves and policy liabilities.
- Maintain, develop, test, and document reserving models, including AASB17, IFRS17, and Solvency II.
- Develop and present management information insights from valuation systems.
- Investigate appropriate treaty re-pricing insights from existing valuation systems.
- Strengthen controls and drive operational efficiencies by leveraging AI and large language models to enhance LARM's capacity and effectiveness.
- Assist with special projects and other LARM activities as required.
- Contribute to developing and championing risk management processes within the LARM team.
- Promote the values of the LARM team: collaborative, pragmatic, and trusted.
Requirements
- Qualified Actuary with 2+ years of post-qualification experience in a Life (re)insurance pricing or reserving environment.
- Experience with AXIS, SQL, VBA, AI, and LLM.
- Experience in life prudential regimes in Australia and internationally, including IFRS17, AASB17, and Solvency II.
- Strong technical report writing skills, including the production of comprehensive, commercial reports and documentation with considered opinions and justifications.
- Ability to identify, investigate, and present insights to senior management.
Skills
- AXIS
- SQL
- VBA
- AI
- LLM
- IFRS17
- AASB17
- Solvency II
- Risk Management
- Data Analysis
- Financial Reporting
- Actuarial Reserving
- Technical Writing
Experience Level
- 2+ years post-qualification experience
Education Level
- Qualified Actuary
About the Company
- The Finance team is responsible for the integrity of the financial information of the business and the custodian of shareholder value.
- This includes accounting, all facets of financial reporting, Non-life and Life actuarial reporting, expense management and processing, capital management, investment accounting, and tax accounting.
- The division is a shared service function servicing all entities in Australia and New Zealand.
Equal Opportunity
- We see DEI as a business imperative, helping us to attract, grow, and inspire a diverse, inclusive, and equitable workforce that better enables us to serve our customers, investors, and communities.
- Globally, we strive to build balanced teams across all aspects of difference.
- If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.