Actuarial Analyst

**Closing Date**: 07/11/2025

**Job Type**:
Permanent - Full Time
**Location**:
Sydney office
**Job Category**:
Shared Services
This is a new opportunity in a growing actuarial team. This role will be responsible for performing actuarial calculations and will contribute to key financial decisions by the business. They will also play a pivotal role in assisting the actuarial team to accelerate the in-housing of actuarial models and valuation/capital processes.
**Job Description**:
Key Accountabilities
Valuation and Capital Reporting
On a quarterly basis support the valuation and capital processes, building knowledge of AASB17 requirements and LAGIC capital.
**Actuarial Modelling and Analysis**:
Provide support for the in-housing of actuarial models, including preparing specifications, and provide ongoing support in refining and maintaining the models.
Support regular reviews of valuation methodologies and reporting requirements.
Support actuarial investigations to review and update actuarial assumptions.
Data Management and Validation
Contribute to the management and validation of policy data, ensuring accuracy and integrity for actuarial calculations.
Actuarial Support
Provide support to the Senior Actuary and wider actuarial team as required potentially including preparing reports on the results of experience investigations, valuations, business planning and statutory returns.
Risk Assessment and Mitigation
Support the actuarial function in assessing and mitigating insurance and financial risks associated with NobleOak’s products.
Stakeholder Engagement
Collaborate with cross-functional teams including product, underwriting, marketing, claims, IT, finance, and data. Contributing in key projects and forums where actuarial input is required.
Key Responsibilities
High Quality and Accurate Communication - Communication with internal and external stakeholders, providing support across the Product, Actuarial and Finance teams when required.
Process Improvement - Contribute to process improvement and automation in the Actuarial team.
Planning and Execution - Provide input to company-wide planning and issues resolution and help support the execution of our NobleOak operational plan, including key business initiatives
Quality Control - Operate as an important quality controller for the business, ensuring all product project processes are delivered in a timely manner ensuring continued high satisfaction rates.
Delivery focus - Understanding and striving to meet or exceed all metrics and KPIs while providing excellent consistent customer service.
Culture Champion - Like all NobleOak roles, this role must be a strong ambassador and champion of the NobleOak high-performance culture and brand values. Always displaying positivity, energy and integrity, taking responsibility for actions and building on a positive and engaging diverse team dynamic. Our values and culture are outlined on the back page is this document.
Desired Skills and Experience
Capabilities
Strong understanding of life insurance actuarial concepts.
Strong understanding of Life insurance industry and market, including competitors’ products in the direct life insurance market.
Good understanding of the legal and compliance environment of the Life insurance industry.
You showcase the confidence, capability and prioritising skills to navigate competing demands. You thrive in fast paced environment and deal with ambiguity, effectively managing the often-changing priorities.
You couple a 'can do' attitude with a positive, friendly demeanour and growth mindset.
Strong numerical skills and experience with Excel.
Good ability to interpret and analyse relevant data to diagnose issues, trends, and emerging problems.
Good problem-solving capabilities, including lateral thinking, to provide advice and recommended solutions to the issues raised.
Good communication skills, both written and verbal.
Positive, team-focused, driven, and engaging personality.
Experience & Qualifications
2+ years’ experience in retail life insurance
Studying towards becoming a Fellow of the Institute of Actuaries of Australia (or overseas equivalent)
Advanced proficiency in Microsoft Excel.
Knowledge of, or experience in, Python and database programming (SQL) are desirable.
Developed experience in and knowledge of retail life insurance, ideally within the Australian marketplace.
Strong communication and presentation skills.
Strong understanding of the principles of life insurance from first principles