Reserving Actuary

  • 38665
  • Life - Actuarial
  • |
  • France
  • |
  • Dec 1, 2020
Reinsurance
RESPONSIBILITIES
  • Responsible for maintenance of all valuation models that use Moody’s AXIS actuarial software
  • Track software issues and act as main contact with Moody’s for software development needs and bug fixes
  • Track IT concerns and act as main contact for IT regarding infrastructure, technology, and licencing matters relating to AXIS
  • Mentor and guide other team members in the use and development of models and tools
  • Assist in setting up newly won business in AXIS reserving models
  • Promote communication amongst valuation modelers to facilitate knowledge transfer and a collaborative environment
  • Ensure each product team follows a robust control framework and completes appropriate model testing and documentation
  • Develop and enforce best practices for model governance
  • Work closely with pricing modelling leads to ensure alignment of models between pricing and reserving
  • Maintain relationships and information exchanges with North America Life valuation and pricing modelling leads
  • Ensure sufficient model controls for SOX, internal and external audit requirements
  • Oversee analysis of future potential model improvements or updates
  • Coordinate Moody’s AXIS update implementations and testing with IT and modeller staff
  • Work with LDTI and IFRS 17 project leads to understand requirements for the extension of the AXIS valuation models to ensure compliance with the standards.
  • Work with consultants to complete final steps of model migration and modernization
QUALIFICATIONS
  • Qualified Actuary or experienced professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering)
  • 5 or more years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience with a strong AXIS model development background.
  • Prior experience in the modelling of financial reporting regimes, including USGAAP LDTI, IFRS 17, SII, BMA and MAS, would be advantageous.
  • Knowledge in relevant software: AXIS/Risk Integrity/IFRS 17 Link/US GAAP Link/R/SQL/Excel/VBA/Business Objects
  • Strong product understanding and IT and data management skills;
  • 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
  • High motivation, team-orientation
  • Keen to work with other cultures