Valuation Systems Actuary

  • 37767
  • Life - Actuarial
  • |
  • Ireland - Republic
  • |
  • Jul 21, 2020
  • To lead the development and maintenance of actuarial systems, models and tools used in regulatory reporting for solvency regimes and financial statements.
  • Lead on the implementation of change projects including an ongoing modelling platform migration from MoSes & RAFM to AXIS.
  • Support the build of a centralized database with supporting transformation and aggregate calculation tools.
  • Modernize, extend and harmonize the aggregation and consolidation tools across the different processes and geographies, by limiting as much as possible the use of Excel and manual retreatments.
  • Enhance the visualization and analysis capability for use in the validation of results, production of management reporting metrics and implementation of controls.
  • Working closely with the life actuarial teams, Operations, Finance, IT, external consultants and vendors to implement changes to the modelling architecture.
  • Review existing process and improve operational efficiency of the regulatory reporting.
  • Ensure a robust control framework by automation of validations.
  • Develop and enforce best practices for model governance.
  • Mentor and guide other team members in the use and development of models and tools.
  • Assist team in implementation of data and model requirements for IFRS 17 and LDTI including writing and reviewing technical specifications and testing.
  • Assist with model improvements for in-force business as required.
  • Assist with model implementation for new business.
  • Qualified Actuary or experienced professional with university degree in relevant field with 8 or more years working experience in Life reserving or pricing in the re/insurance field, or related actuarial experience with solid systems development background and exposure to financial transformation projects.
  • Prior experience of financial reporting with respect to regulatory reporting regimes including USGAAP LDTI, IFRS 17, Solvency II, BMA, MAS would be a distinct advantage.
  • Strong IT and data management skills.
  • Knowledge of relevant software: Moody’s/AXIS/Risk Integrity/Moses/RAFM/C++/R/SQL/VBA/Business Objects.
  • Reinsurance knowledge is an asset.
  • Strongly driven to streamline business processes, with an emphasis on automation and maintainability.
  • Experience in specification, development and testing of actuarial and data transformation software.
  • Organized, able to work in a matrix structure.
  • Able to set and manage priorities.
  • Strong communication skills and proficiency in English.
  • Highly motivated team player.