Actuary, Valuation

The Finance team is responsible for the integrity of the financial information of the business and the custodian of shareholder value. This includes accounting, all facets of financial reporting, Non-life and Life actuarial reporting, expense management and processing, capital management, investment accounting and tax accounting. The division is a shared service function and it services all entities in Australia and New Zealand.

The Life Actuarial Risk Management (LARM) team deliver relevant and reliable information on financial reporting, analysis, risk, capital and value to stakeholders. In the life insurance reporting system, IFRS, VNB and local statutory valuations are considered especially complicated. It is LARM’s responsibility to perform and investigate these complex calculations.

Your Role

• Investigate, assess and report on the quality of treaty and policy data being used by the actuarial systems to determine reserves and policy liabilities

• Prepare and analyse data from all available sources
• Review applicable components of the Terms of Trade (TOT) to confirm that they are appropriate for use in valuation
• Present on valuation TOT and change analysis to internal stakeholders (including Life 2 and CLR)
• Investigate appropriate reserving techniques including preparation, modelling and analysis of MRA’s reserves and policy liabilities
• Maintain, develop, test and document reserving models, including AASB17, IFRS17, and Solvency II
• Develop and present management information insights from valuation systems
• Investigate appropriate treaty re-pricing insights from existing valuation systems
• Strengthen controls and drive operational efficiencies by leveraging AI and large language models to enhance LARM’s capacity and effectiveness
• Assist with special projects and other LARM activities, as required
• Contribute to developing and championing risk management process within LARM team
• Promote the values of the LARM team, being collaborative, pragmatic, and trusted.

Your Profile

• Qualified Actuary with 2+ years of post-qualification experience in a Life (re)insurance pricing or reserving environment
• Experience with AXIS, SQL,VBA, AI and LLM
• Experience in life prudential regime in Australia and internationally including IFRS17, AASB17, and Solvency II
• Strong technical report writing skills. Production of comprehensive, commercial reports and documentation, including considered opinion and justification of data and content
• Ability to identify, investigate and present insights to senior management.

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.