Valuation Actuary

1 day ago

Sydney, Australia General Re Corporation Full time

Valuation Actuary (12 Month Contract)

**Shape Your Future With Us**
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

**Your Role**
In this role you will besupporting the Appointed Actuary and the valuation team with statutory financialand capital reporting requirements by performing several key steps in thevaluation process.

**Your Key Responsibilities**
- Maintenance and improvement of data preparation process for actuarial models, with particular focus on the Open Claims reserve data preparation.
- Contributing to the management and validation of modelling data, ensuring its accuracy and integrity for calculations.
- Running and maintenance of existing actuarial models with the aim of assisting the business to streamline the use of legacy systems.
- Regulatory and management reporting under various accounting and capital regimes including generation of cash flow projections on the various bases.
- Assisting with the update of best estimate assumptions and the impact assessments of proposed changes.
- Assisting with the quarterly capital calculations and updating required inputs
- Monitoring of individual client company results.
- Maintaining knowledge of current market trends, including life industry reporting requirements.
- Contribution to valuation projects, including process improvement, capital calculations for ongoing tenders and other ad-hoc projectsthat arise from time-to-time.

**Your Profile**

**Essential**
- Actuarial qualification (nearly or newly qualified)
- Minimum 4 years of actuarial experience, preferably in avaluation role.
- Detailed knowledge and understanding of the insurance and reinsurance industry, including AASB17, capital and reporting standards.
- Strong written and verbal communication skills.
- Familiarity with actuarial software modeling, including coding experience.
- Able to work independently but collaboratively in a small local team. Contribute to and promote a positive and collaborative culture, with ability to
- through, show initiative and a commitment to quality.

**Desired**
- Advanced proficiency in Microsoft Excel, R and SQL highly advantageous.
- Experience with Mo.Net and/or Prophet or GGY AXIS advantageous.

**We offer a**
- Hybrid working model (60/40 Office/Home)
- Highly professional and inclusive working environment that values excellence, integrity, personal responsibility, and diversity
- Excellent compensation and benefits
- Flat corporate structure with a strong team ethic
- Support for your personal and professional development

**Does this sound exciting?**
**Contact**
Human Resources
**Our Address**

**General Reinsurance Life Australia Ltd.**
Level 20
1 O'Connel Street
Sydney, NSW 2000 (Australia) ABN 73 002
166 869

Job ID req531

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