- Performs technical pricing analysis for flow business and Structured products. Assesses the viability of proposed commercial rates.
- Performs analysis and analytics of portfolio composition and performance to assist in managing the business.
- Assists in the preparation of management reporting to the business.
- Assists in the development and maintenance of new models supported by specialist modelling teams and performs model runs for existing models.
- Supports new client due diligence by undertaking analysis on the profile and quality of business being originated by lenders and modelling future performance.
- Support the business in developing new LMI products by performing actuarial analysis on proposed products or deal structures.
- Supports data governance by contributing to the maintenance of data quality and governance procedures.
- Participates in ad-hoc project work as required.
- #Mortgage
- Specialist skills in Actuarial pricing and analytical techniques.
- Knowledge of APRA prudential standards applying to general insurers and LMI.
- Understanding of Australian GAAP accounting for insurance and reinsurance.
- Working knowledge of other regulatory capital standards and risk management frameworks.
- Demonstrated ability to deliver results under tight deadlines and competing objectives.
- Strong communication skills in written and verbal formats; ability to address broad range of audiences including senior management, external stakeholders and technical experts.
- Focus on client and customer service.
- Strong inter-personal skills and willingness/ ability to function as member of a multi-disciplined, international team.
- Commercially focused.
- Bias towards action and self-directed.
- Unquestionable integrity and moral compass.
- Strong intellectual curiosity.
- Proficient with modern programming languages\software such as Python, R, Data Bricks, Snowflake, Microsoft Office products and advanced Excel skills.
- Newly Qualified or progressing to qualification as a fellow of the Institute of Actuaries of Australia (or equivalent).
- 3+ years of prior experience working in APRA regulated general insurance industries
- Experience in LMI and/or banking would be highly regarded
Actuarial Analyst, Pricing - Sydney, Australia - Arch Capital Group
Description
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.
Arch Financial Holdings Australia Pty Ltd and its subsidiaries ("Arch LMI") are an APRA licensed provider of Lenders Mortgage Insurance ("LMI"). ALMI is a subsidiary of Arch Capital Group Ltd ("ACGL"); which is a S&P 500 global provider of insurance and reinsurance across a variety of product lines.
The Actuarial Analyst is a key member of ALMI's Pricing and Analytics team undertaking actuarial analysis to assist in pricing and managing the business.
Required Knowledge and Skills:
Education and Experience: