Insurance Actuary Specialist

3 days ago

Melbourne, Victoria, Australia beBeeRiskManagement Full time $100,000 - $150,000
Quantifying Risk, Pricing Insurance and Reserving Losses

The role of the actuary is pivotal in quantifying risk, pricing insurance, and reserving losses for our major insurance operating companies globally. Our actuaries collaborate with various teams to achieve our goals and contribute to the success of our organization.

  • We work closely with Finance, Claims, Operations, Marketing, and Risk Management to achieve our objectives.
  • As an actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage, and mitigate risk.

Your Impact

You will support the insurance business and work as a member of the actuarial team to achieve goals and deliver on strategic initiatives. This includes coordinating US GAAP quarterly management reporting requirements, assisting in supporting strategic portfolio reviews, and preparing local regulatory reporting for our offices.

  1. Coordinate US GAAP quarterly management reporting requirements with regional tower leads.
  2. Assist in supporting strategic portfolio reviews and deep dive analyses of certain business segments within our region.
  3. Prepare local regulatory reporting for our Australia and New Zealand offices, including quarterly board and risk committee reporting, quarterly valuation and solvency calculations, IFRS 17 disclosures, annual insurance liability valuation report, and financial condition/stress testing report.
  4. Review capital projections and investment strategies, including asset liability matching.
  5. Provide support to the budget loss ratio exercise and annual financial planning.
  6. Assist in other ad-hoc analyses as required.

Your Skills and Qualifications

To excel in this role, you will need:

  • Minimum 3 years of General Insurance experience, preferably in reserving long-tail lines.
  • Proficiency in actuarial concepts/methodologies and ability to educate non-technical managers on technical areas that enhance their decision-making ability.
  • Strong analytical and problem-solving skills.
  • Effective project and time management, as well as strong communication skills.
  • Ability to manage multiple tasks simultaneously.
  • Ability to work as part of a team and take responsibility for individual contributions.
  • Ability to meet tight deadlines and prioritize own work.
  • Ability to forge relationships with other areas of the business.
  • Working knowledge of typical actuarial reserving software.
  • Professional behavior with high-level integrity.

Enjoy Benefits That Take Care of What Matters

We value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.

Our Total Rewards Program offers comprehensive benefits focused on health, wellbeing, and financial security, as well as professional development, to bring peace of mind to you and your family.

A Culture of Inclusion

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions, and goals.

We invest in our largest asset – our people – through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

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