Valuation Actuary

3 days ago

Sydney, Australia Gen Re Full time

**Shape the Future Together**

General Re Corporation (Gen Re), a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 37 offices, we have earned superior financial strength ratings from each of the major rating agencies.

**Your Role**

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, 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 projects that arise from time-to-time.

**Your Profile**

Essential:

- Currently studying towards actuarial qualification.
- Minimum 4 years of actuarial experience, preferably in a valuation 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 follow 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**
- 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

**Benefits**:

- Free drinks
- Life insurance
- Parental leave
- Professional development assistance
- Referral program
- Salary packaging
- Work from home

Ability to commute/relocate:

- Sydney, NSW 2000: Reliably commute or planning to relocate before starting work (required)

Work Authorisation:

- Australia (required)

**Location**:

- Sydney, NSW 2000 (required)

Work Location: Hybrid remote in Sydney, NSW 2000

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