Actuary, Valuation (Sydney)

Actuary, Valuation (Sydney)

08 Sep
|
NACBA
|
Sydney

08 Sep

NACBA

Sydney

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 cooperative, 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.
#J-*****-Ljbffr

📌 Actuary, Valuation (Sydney)
🏢 NACBA
📍 Sydney

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