Valuation Actuary (12 month contract) Valuation Actuary (12 month contract) pany Munich Re Location Sydney, Australia
Munich Re Australia have a great 12 month parental leave opportunity for a Valuation Actuary to join the Life Actuarial Risk Management (LARM) team.
CFO 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 LARM team deliver reliable information on financial reporting, analysis, risk, capital and value to stakeholders. In the life insurance reporting system, IFRS17, Solvency and VNB are considered especiallyplicated. Reporting to the Manager Group Reporting LARM, you will form part of the team that is dedicated to investigating theseplex calculations.
Your Role
1. Help review the Terms of Trade (TOT) for valuation purposes, including implementation, testing, change analysis andmunication
2. Review the experience analysis (EA) and valuation results
3. Assess and report on the quality of treaty and policy data being used by the actuarial systems to determine reserves and policy liabilities
4. Apply reserving techniques, including Solvency II and IFRS17
5. Maintain, test and document reserve models - IBNR methods and determination
6. Deliver high quality reports and other documentation for internal and external reference (including audit)
7. Contribute to the production of high quality reports including: Quarterly IBNR report, Quarterly Financial Statement Report, Group Assumption Report and Economic Valuation Report
8. Support the development and presentation of management information insights from valuation systems
9. Help promote risk management processes within the team
10. Review internal process tools and spreadsheets against agreed standards
11. Support the development, approval and implementation of valuation dashboards
Your Profile
12. FIAA or equivalent
13. 5+ years post qualification experience in a Life (re)insurance pricing or reserving environment
14. Modelling and actuarial valuation system experience (AXIS, SQL and VBA experience)
15. Experience in life prudential regime in Australia and internationally including IFRS 17 financial reporting, ICAAP / LAGIC, and Solvency II
16. Proficient in producingprehensive,mercial reports and documentation, including considered opinion and justification of data and content with the ability to present to senior management
17. Experience establishing business relationships to ensure appropriate focus on knowledge sharing, to refine operations and ensure data accuracy
Our Benefits
18. Flexible, hybrid working conditions
19. $500 health and wellbeing subsidy available
20. Spot bonus scheme
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 Job ID 5643L