Actuary, Reserving

3 weeks ago


Sydney, Australia Munich Re Full time

Actuary, Reserving

**Company**
Munich Re
**Location**
Sydney, Australia

The Non-Life Actuarial Risk Management (NLARM for short) team monitors experience and produces quarterly reserve estimates for the business and prepares regulatory reports (AVR and FCR) at year end. We also provide ad-hoc support for the business where actuarial advice is needed and modelling and review support to the broader finance team, including for capital management and reinsurance purchasing. With the introduction of IFRS17, we are an essential part of the team providing and quality assuring the results on a group and local basis.

You will report to the Appointed Actuary, Non-Life and join a close-knit supportive team who work together collaboratively.

**Your Role**
- Carry out the reserving, monitoring and associated tasks for the valuation segments following Munich Re Group requirements and professional standards
- Assist the team with the overall reserve review preparation and other analysis including drafting reports and presenting results to stakeholders
- Support the team in preparing results for retrocession pricing and recovery estimates
- Support the team in preparing capital modelling results for the ICAAP and for capital management more broadly
- Maintain your CPD and build your industry knowledge
- Build networks within the non-life actuarial and underwriting community both locally and within the broader group and the local market
- Build relationships with international colleagues in the Munich Re Group and support them and the broader group on global projects, system roll outs and reporting on reserves
- Develop knowledge of your reserving segments and the models and processes relevant to our work
- Support the business and broader finance team with analysis, technical review and monitoring of business

**Your Profile**
- FIAA Qualified (or equivalent)
- 5+ years post qualification experience
- 3+ years experience with reserving ideally including CTP reserving experience and knowledge of IFRS17
- Familiarity with multiple types and classes of insurance and reinsurance and accounting practices (essential) and with reinsurance arrangements and reinsurance policy terms and conditions (preferred)
- Exposure to broader aspects of actuarial work, including reinsurance/ retrocession modelling and capital modelling
- Ability to communicate your findings clearly to a range of stakeholders, including senior management
- Excellent knowledge of MS Office, Power BI and programming desirable

**Our Benefits**
- We have many attractive benefits to offer you, including 16% superannuation
- Enjoy increased annual leave entitlements
- Flexible, hybrid working conditions

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.


  • Actuary, Reserving

    1 month ago


    Sydney, Australia Munich Re Full time

    Actuary, Reserving **Company** Munich Re **Location** Sydney, Australia The Non-Life Actuarial Risk Management (NLARM) team monitors experience and produces quarterly reserve estimates for the business and preparing regulatory reports (AVR and FCR) at year end. We also provide ad-hoc support for the business where actuarial advice is needed and modelling...

  • Actuary, Reserving

    1 month ago


    Sydney, New South Wales, Australia Munich Re Full time

    Actuary, Reserving Company Munich Re Location Sydney , AustraliaThe Non-Life Actuarial Risk Management (NLARM for short) team monitors experience and produces quarterly reserve estimates for the business and prepares regulatory reports (AVR and FCR) at year end. We also provide ad-hoc support for the business where actuarial advice is needed and...

  • Actuary, Reserving

    2 months ago


    Sydney, Australia Munich Re Full time

    The Non-Life Actuarial Risk Management (NLARM for short) team monitors experience and produces quarterly reserve estimates for the business and prepares regulatory reports (AVR and FCR) at year end. We also provide ad-hoc support for the business where actuarial advice is needed and modelling and review support to the broader finance team, including for...


  • Sydney, Australia SKL Actuarial Full time

    Posted Date 3 April 2024 Job Type Permanent Location Sydney Industry General Insurance Contact Name Aliza Yau CA Our client is a multinational insurer looking for an actuarial manager join their reserving team. **Responsibilities**: - Develop and maintain actuarial reserving processes to comply with regulatory requirements and best practices -...


  • Sydney, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description** **Function**:Chief Financial Office **Classification broadband**:EL1 **Location**:Sydney **Security clearance**:Baseline **Role Reports to **(role title)**:Head of Actuarial **Direct Reports **(role titles)**:Nil **Purpose of the role **(Why the role exists; how the role contributes to the ARPC’s strategic...


  • Sydney, Australia SKL Actuarial Full time

    Our client is a multinational insurer looking for an actuarial manager join their reserving team. Responsibilities: Develop and maintain actuarial reserving processes to comply with regulatory requirements and best practices Development and review of monitoring processes to support the reserving function Collaborating with underwriting, finance and claims...


  • Sydney, Australia IAG New Zealand Full time

    **Create impact as a Specialist Reserving Actuary** Join the largest insurance group in Australia and New Zealand. **Your Role** We have an exciting opportunity for a Specialist Reserving Actuary to work across our Intermediated Insurance Australia (IIA) Reserving team. This team’s purpose is to support better strategic decisions through technical...


  • Sydney, Australia SKL Actuarial Full time

    Posted Date 28 July 2023 Job Type Permanent Location Sydney Industry General Insurance Contact Name Aliza Yau CA Our client, a leading insurer, is seeking a nearly/ newly qualified Actuarial Manager to join their team and support the short tail products (Property, Motor, Marine, Farm). The role can be based in Sydney, Melbourne, or Brisbane. **About...


  • Sydney, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description** **Function**:Chief Financial Office **Classification broadband**:ARPC Classification 5/6 **Location**:Sydney **Security clearance**:Baseline **Role Reports to **(role title)**:Head of Actuarial **Direct Reports **(role titles)**:0 **Purpose of the role **(Why the role exists; how the role contributes to the ARPC’s...


  • North Sydney, Australia Zurich Insurance Full time

    A new adventure awaits- At Zurich we’re on a journey to lighting the way to a brighter futurea brighter future for you - focused on your career, your wellbeing, and your community - as well as our customers and the planet.- We take pride in uniting our people within an energized culture that empowers everyone to focus on what matters most to our customers...


  • Sydney, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description** **Function**:Chief Financial Office **Classification broadband**:ARPC Classification 5/6 **Location**:Sydney **Security clearance**:Baseline **Role Reports to **(role title)**:Head of Actuarial **Direct Reports **(role titles)**:Nil **Purpose of the role **(Why the role exists; how the role contributes to the ARPC’s...

  • Actuarial Analyst

    4 weeks ago


    Sydney, Australia SKL Actuarial Full time

    Posted Date 9 February 2023 Job Type Permanent Location Sydney Contact Name Amity Delaney Actuarial analyst required to work across pricing, reserving, capital and reinsurance based in Sydney. **About the role** - Implement, maintain, and continually enhance actuarial processes. - Provide support on pricing reviews, liability valuation reports and...

  • Actuarial Manager

    2 weeks ago


    Sydney, Australia QBE Full time

    Primary Details Time Type: Full time Worker Type: Employee Actuarial Manager - General Actuarial Location: Sydney preferred The opportunity This is an exciting chance for an experienced Actuarial professional to join QBE Insurance in the role of Actuarial Manager. With a key focus on providing actuarial valuation and portfolio support for our...

  • Actuarial Manager

    1 month ago


    Sydney, Australia Arch Capital Group Ltd. Full time

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. The Actuarial Manager will be responsible for the...

  • Actuarial Analyst

    23 hours ago


    Sydney, Australia QBE Full time

    Primary Details Time Type: Full time Worker Type: Employee Actuarial Analyst The opportunity- An opportunity for an Actuarial Analyst to join our Actuarial Statutory Class Business- Location: Open but Sydney preferred- Permanent Full Time Your new role The Actuarial community at QBE Insurance is full of experienced professionals who are incredibly...

  • Corporate Actuary

    1 month ago


    Sydney, Australia B & K Consulting Full time

    **Corporate Actuary**: **Sydney NSW** **$180,000 - $220,000 Annually** **bonus** **Full time** - Leading Health Insurer - Leadership role - Diverse role - variety of tasks, stakeholders, engagements Our client is a diversified insurance company, with several product lines across Life, Health and General Insurance. The role of the Corporate Actuary is...

  • Actuarial Manager

    4 days ago


    Sydney, Australia QBE Full time

    Primary Details Time Type: Full time Worker Type: Employee Actuarial Manager - LMI Location: Sydney or Melbourne preferred, open to other office locations The opportunity This is an exciting chance for an experienced Actuarial professional looking to grow their career with QBE Insurance in the role of Actuarial Manager with a key focus on providing...

  • Actuarial Manager

    1 month ago


    Sydney, New South Wales, Australia Arch Capital Group Full time

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable PossibilitySM.The Actuarial Manager will be responsible for the...

  • Corporate Actuary

    7 days ago


    Sydney, Australia Hannover Re Full time

    Corporate Actuary **Corporate Actuary** **Department**:P&C Actuarial **Employment Type**:Full Time **Location**:Sydney **Reporting To**:Appointed Actuary **Description** **We are somewhat different** Hannover Re was founded as an in-house reinsurer and started small, a new kid on the block, proving ourselves every day for over fifty years. We've...

  • Valuation Actuary

    1 week ago


    Sydney, New South Wales, Australia Munich Re Full time

    Valuation Actuary (12 month contract) Company Munich Re Location Sydney, AustraliaMunich Re Australia has an excellent opportunity for a Valuation Actuary to join the Life Actuarial Risk Management (LARM) team on a 12-month parental leave cover. The Chief Financial Officer (CFO) plays a crucial role in ensuring the accuracy of financial data and upholding...