Reinsurance Actuary

  • 37862
  • Non-Life - Actuarial
  • |
  • Australia
  • |
  • Aug 3, 2020
Reinsurance
RESPONSIBILITIES
  • Review / develop / maintain actuarial reserving models and processes.
  • Ensure standards are consistent with internal actuarial policies as well as local regulatory requirements.
  • Provide business support including insights into underlying performance and trends.
  • Liaise with both internal and external stakeholders including US and local statutory authorities, auditors and external actuaries.
  • Review portfolio pricing levels, including monthly price monitoring reporting to US head office as well as other reports.
  • Review / develop / maintain pricing tools for Reinsurance business underwritten in the region including assisting underwriters with training and use of pricing tools.
  • Collaborate with underwriters in pricing and peer review of analysis.
  • Provide a commercial Actuarial perspective to new business initiatives, such as new lines of business or new markets, as well as divestment/discontinuance of business lines.
  • Keeping up to date with all relevant market, underwriting and actuarial developments.
QUALIFICATIONS
  • Qualified or partially qualified actuary of a recognized actuarial body required.
  • Bachelor´s degree in Mathematics/Statistics/Actuarial studies preferred.
  • 3+ years of experience in general reinsurance.
  • At least 3 years or reinsurance pricing experience.
  • Strong technical skills along with the ability to work collaboratively with underwriters and management.
  • Local industry knowledge with regards to reporting requirements and reserving practices highly regarded.
  • Excellent interpersonal & communication skills.
  • Highly motivated with the ability to use own initiative.
  • Demonstrated analytical thinking.
  • Demonstrated ability to maintain quality of work while working with tight deadlines.
  • Strong IT skills: excel & VBA, SQL Server.
  • Advanced understanding of reinsurance products and pricing.
  • Advanced understanding of actuarial reserving concepts.
  • Experience with reinsurance markets in Australia and Asia highly regarded.
  • Experience with ResQ and/or other reserving software packages highly regarded.
  • Experience with multiple reporting bases highly regarded.
  • Experience with R or Python highly regarded.
  • Familiarity with IFRS17 highly regarded.