Valuation Actuary

2 weeks ago

Sydney, Australia Gen Re Full time

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 37 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**

Our Gen Re Life Australia (GRLA) business is seeking to appoint a suitably qualified Valuation Actuary to work in our Sydney office. In this role you will be supporting the Appointed Actuary and the valuation team with statutory financial and capital reporting requirements by performing several key steps in the valuation process.
**Your Key Responsibilities**
- Maintenance and improvement of data preparation process for actuarial models.
- 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.
- Managing budget and forecasting for reserves and profitability under USGAAP and IFRS17 reporting
- 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 and other ad-hoc projects that arise from time-to-time.

**Your Profile** Essential**
- **Qualified Actuary with a minimum of five (5) years of actuarial experience, preferably in a valuation role
- Advanced GGY Axis modelling capabilities
- Advanced proficiency in Microsoft Excel, R and SQL
- Experience with USGAAP, AASB17 and Solvency II reporting requirements
- Detailed knowledge and understanding of the insurance and reinsurance industry
- Strong written and verbal communication skills
- Ability to work independently but collaboratively in a small local team while interacting and working closely with teams across the Global organisation
- Being able to contribute to and promote a positive and supportive culture, with the ability to deliver work efficiently, show initiative and with a commitment to quality

**Desired**
- **Experience with Mo.Net and/or Prophet advantageous
- Experience with IFRS17 modelling in SAS also 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'Connell Street
Sydney, NSW 2000 (Australia) ABN 73 002 166 869

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