Actuary, Reserving

2 days ago

Sydney, New South Wales, Australia Munich Re Full time

Actuary, Reserving

**Company**
Munich Re
**Location**
Sydney, Australia

The Non-Life Actuarial Risk Management (NLARM) team monitors experience and produces quarterly reserve estimates for the business and preparing regulatory reports (AVR and FCR) at year end. We also provide ad-hoc support for the business where actuarial advice is needed and modelling and review support to the broader finance team, including for capital management and reinsurance purchasing. With the introduction of IFRS17, we are a key part of the team providing and quality assuring the results on a group and local basis.

You will join a close knit supportive team who work together collaboratively and you will report in to the Chief and Appointed Actuary for Non-Life.

**Your Role**
- Carry out the reserving, monitoring and associated tasks for the valuation segments assigned to you following Munich Re Group requirements and professional standards
- Assist the team with the overall reserve review preparation and other analysis including drafting reports and presenting results to stakeholders
- Support the team in preparing results for retrocession pricing and recovery estimates
- Support the team in preparing capital modelling results for the ICAAP and for capital management more broadly
- Maintain your CPD and build your industry knowledge
- Build strong networks within the non-life actuarial and underwriting community both locally and within the broader group and the local market
- Build strong working relationships with international colleagues in the Munich Re Group and support them and the broader group on global projects, system roll outs and reporting on reserves
- Develop good knowledge of your reserving segments and the models and processes relevant to our work
- Improve our processes on an ongoing basis to make them more efficient and provide more insights to the company
- Support the business and broader finance team with analysis, technical review and monitoring of business

**Your Profile**
- FIAA Qualified (or equivalent)
- At least five years post qualification experience
- Solid experience with reserving ideally including CTP reserving experience and preferably exposure to IFRS17
- Exposure to broader aspects of actuarial work, including reinsurance/ retrocession modelling and capital modelling
- Ability to present your findings to senior management
- Familiarity with various types and classes of insurance and/or reinsurance and accounting practices and with reinsurance arrangement and with reinsurance policy terms and conditions

**Our Benefits**
- We have many attractive benefits to offer you, including 16% superannuation
- Enjoy increased annual leave entitlements
- Flexible working conditions

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

  • Manager Actuarial, Reserving And Capital

    2 days ago

    Sydney, New South Wales, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description****Function**:Chief Financial Office **Classification broadband**:EL1**Location**:Sydney **Security clearance**:Baseline**Role Reports to **(role title)**:Head of Actuarial**Direct Reports **(role titles)**:Nil**Purpose of the role **(Why the role exists; how the role contributes to the ARPC's strategic objectives)This role will...

  • Actuarial Expert

    3 days ago

    Sydney, New South Wales, Australia beBeeReserving Full time $120,000 - $150,000

    Actuarial Role Summary">The Senior Actuarial Analyst will utilize actuarial principles to provide advice on business decisions and liability valuations, with a focus on reserving. Key responsibilities include supporting the preparation of annual actuarial valuation reports, managing monthly liability valuations, and contributing to statutory reporting.">Key...

  • Actuarial Analyst, Pricing And Reserving

    2 days ago

    Sydney, New South Wales, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description****Function**:Chief Financial Office **Classification broadband**:ARPC Classification 5/6**Location**:Sydney **Security clearance**:Baseline**Role Reports to **(role title)**:Head of Actuarial**Direct Reports **(role titles)**:0**Purpose of the role **(Why the role exists; how the role contributes to the ARPC's strategic...

  • Actuarial Analyst/Actuary, Modelling

    3 days ago

    Sydney, New South Wales, Australia Australian Reinsurance Pool Corporation Full time

    **ARPC Position Description****Function**:Chief Financial Office **Classification broadband**:ARPC Classification 5/6**Location**:Sydney **Security clearance**:Baseline**Role Reports to **(role title)**:Head of Actuarial**Direct Reports **(role titles)**:Nil**Purpose of the role **(Why the role exists; how the role contributes to the ARPC's strategic...

  • Actuarial Leader

    1 week ago

    Sydney, New South Wales, Australia beBeeData Full time $120,000 - $140,000

    Job Title: Lead ActuaryAs a senior actuarial professional, you will be driving technical excellence and contributing to the development of travel insurance products tailored to Australian travellers.Key Responsibilities:Pricing and Product Development: You will lead pricing, underwriting, and optimisation activities for new opportunities in Australia and New...

  • Actuarial Manager

    3 days ago

    Sydney, New South Wales, Australia Arch Capital Group Ltd. Full time

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable PossibilitySM.The Actuarial Manager will be responsible for the following:-...

  • Chief Actuarial Officer

    2 days ago

    Sydney, New South Wales, Australia beBeeActuary Full time $150,000 - $180,000

    Actuarial Leadership OpportunityWe are a collaborative and innovative organization that aims to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.The successful candidate will play a key role in developing and maintaining actuarial reserving processes to comply with regulatory requirements and...

  • Analyst, Actuarial

    5 days ago

    Sydney, New South Wales, Australia Iag Full time

    Join to apply for the Analyst, Actuarial role at IAGYour RoleAs an Actuarial Analyst in the Intermediated Insurance Australia (IIA) Reserving Actuarial team, you'll be responsible for data manipulation and modelling to generate and support the recommendation of actuarial liabilities of the Workers Compensation portfolio.You'll also deliver business advisory...

  • Pricing Actuary

    3 days ago

    Sydney, New South Wales, Australia Aig Full time

    #LI-JC1At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Analyst to develop your skill set across both pricing and reserving in a fast paced, collaborative, agile environment. It's an opportunity to make a high impact, as a valued member of the team in a transforming business.Make your mark in ActuarialOur Actuaries...

  • Analyst, Actuarial

    1 day ago

    Sydney, New South Wales, Australia IAG Full time

    OverviewActuarial Analyst role in the Intermediated Insurance Australia (IIA) Reserving Actuarial team. You will be responsible for data manipulation and modelling to generate and support the recommendation of actuarial liabilities of the Workers Compensation portfolio, and you will deliver business advisory insights across claims experience, performance...