Actuarial Analyst - Sydney, Australia - Munich Re

Munich Re

Verified Company

Sydney, Australia

2 weeks ago

Posted by:

Olivia Brown

beBee Recruiter

Description

Actuarial Analyst

Company
Munich Re

Location
Sydney, Australia

The Life team provides reinsurance services for the life industry in Australia and New Zealand.

The Life team operates in Retail, Group and Direct markets.

The Group Insurance team works with life insurance clients, and plays an active role in supporting all departments to provide exceptional service to new and prospective group insurance clients.

You will support client-related pricing activities and product changes, through completion of reinsurance quotations (for new business), profitability reviews (for existing business) and assessment of product changes.

This will also include maintenance and enhancement of pricing models. You will report in to the Senior Group Pricing Actuary.

Your Role
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Actuarial Analysis

Provision of actuarial analysis, modelling, reporting and documentation to support:
tenders, pricing of new business including product review term

- repricing of existing business

Transactions to increase the existing business, including recaptures
PDS, policy, treaty or manual reviews

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Modelling

Maintain actuarial pricing models to improve efficiency, accuracy, controls and outputs from actuarial pricing models

-
Technical Reviews

Review documentation (e.g. client material such as PDS or policy wording, or MRA documents such as treaties and manuals) for technical accuracy and actuarial analysis of peers

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Collaboration

Work with internal teams including the wider pricing team, valuations and data transformation team and other departments.

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Continuous Development

Maintain knowledge of current actuarial developments and developments in the insurance industry, by:
Progressing with Institute exams
Attending sessional meetings
Continuing Professional Development

Your Profile

Tertiary degree (major in actuarial studies/science)
Progress towards qualification as a Fellow of the Institute of Actuaries of Australia
Knowledge of Life Insurance Acts in Australia
Familiarity with common life insurance products, including group insurance product features, benefits, pricing, reserving, capital requirement for the Australian markets
Experience with current market environment and topical issues
Past actuarial/ pricing experience

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.