Actuarial Lead

Location: Melbourne | CBD

Job type: Full time

Organisation: Victorian Managed Insurance Authority

**Salary**: Salary not specified

Occupation: Insurance and Superannuation

Reference: VG/1825288

We are seeking an Actuarial Lead to join our dynamic actuarial team at VMIA. Your insights will directly impact the financial performance and organisational outcomes of Victoria’s own State insurer, making your work both challenging and rewarding.

**Actuarial Lead Ongoing opportunity at Victorian Management Insurance Authority (VMIA)**

We are seeking an Actuarial Lead to join our dynamic actuarial team at VMIA. Your insights will directly impact the financial performance and organisational outcomes of Victoria's own State insurer, making your work both challenging and rewarding.
- Competitive salary
- Hybrid working (minimum two days per week in the office)
- Melbourne CBD close to Flinders Street station
- Ongoing, full-time opportunity

**Your role**

Are you looking for a senior actuarial role in a Melbourne-based insurer with purpose?

You will join a small team of talented and friendly actuaries and actuarial analysts doing the in-house actuarial work for the Victorian State Government's insurer. This involves the actuarial pricing, portfolio analytics, claims dashboarding and capital management work for a broad range of insurance classes, from property and professional indemnity to cyber and construction (and more). The broad range of insurance classes arise from the places which make Victoria great, including the State Library of Victoria, the Metro Tunnel, and the Royal Melbourne Hospital, to name just a few.

You will be working at a Victorian Government agency with almost 250 staff, which insures over $200 billion of assets and insurance liabilities of over $3 billion.

Through a senior role in a medium-sized general insurer, you will work with senior stakeholders throughout the organisation. This will include meaningful opportunities to closely engage with these stakeholders to undertake regular work, projects and present at committees and working groups. Due to the diversity and complexity of risks covered by VMIA, you will be using your actuarial skills to help the organisation to solve complex and contemporary insurance matters.

This role reports to the Head of Actuarial Services.

**Key responsibilities**
- You manage the delivery of regular annual work undertaken by the Actuaries Services team. This includes planning, execution, peer review, feedback to other team members and presentation of results to stakeholders.
- You manage the delivery of ad hoc requests and projects supported by the Actuarial Services team. This includes pricing new business, changes to existing policies, client deductible reviews and the design of new insurance solutions.
- You seek to continuously improve the way the Actuarial Services team delivers its work, including maintenance of actuarial models, analyses, and data processes with support from the team.

**About You**
- You have advanced communication and interpersonal skills and the ability to positively engage and influence stakeholders, including the ability to communicate technical concepts to a non-technical audience.
- You have demonstrated capability for strategic and conceptual thinking and planning.
- You have at least 5 years' experience in an actuarial role (general insurance and/or reinsurance industry preferred).
- You have at least 2 years' experience managing projects and/or people.
- You have proven solid programming experience. Experience with R and Snowflake are preferred but not necessary.
- You are self-driven and a good team player and aspire to coach fellow team members and enhance actuarial skillset of the team.

**Qualifications**
- You are a Fellow or Associate of the Institute of Actuaries of Australia (preferred).
- You hold tertiary qualifications in a quantitative discipline, such as actuarial studies, mathematics, statistics, or a related field.

**Benefits**

There are many reasons to work at VMIA, here is how we will support you:

- **Flex Work** - VMIA is supportive of hybrid working to help our people perform at their best. We come together for a minimum of two days per week in a collaborative office environment, fostering connection and strengthening networks.
- **Parenting support **- VMIA provides 14 weeks paid parental leave (after six months of service) for primary carers and 2 weeks for secondary carer. And we are breastfeeding friendly accredited.
- **Learning and development** - You will be encouraged to achieve your career goals in our progressive learning organisation supported by in-house training programs, an annual investment of up to $2,500 in your learning and development, access to LinkedIn Learning, and annual performance and development planning.
- **Physical and Mental wellbeing** - We provide Wellness sessions, an Employee Assistance Program (EAP), Wellness leave (two days per year), annual flu shots, and an