Valuation and Modelling Actuary, Allianz

Allianz

Location:
Australia, Sydney

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

Save Job

Apply Position

Job Description:

We are seeking an experienced Senior Valuation Actuary to support the Life Protection business, covering the life insurance market in Australia. The role offers an exciting opportunity to be part of a growth business, supported by global expertise, brand and capital. The Senior Valuation Actuary will focus on the actuarial valuation and capital management of AA Life’s life insurance business, delivering high-quality actuarial insights and analysis to support strategic decision making, regulatory compliance and financial performance of AA Life. With initial focus on the life insurance business, the role will also have exposure for the actuarial management of AA Life’s retirement income business.

Job Responsibility:

Perform the valuation and reporting of the liabilities of the company under local (AASB, LAGIC) and Group (IFRS, Solvency II) reporting standards
Develop and validate the valuation model for the life insurance business
Review liability assumptions on an annual basis
Support the annual preparation of the Actuarial Valuation Report, Financial Condition Report and ICAAP
Support the forecasting and planning results for the life insurance business by delivering required actuarial inputs
Assist in the actuarial management of retirement income products when required
Participate in various strategic initiatives as and when required
Live and apply the risk management culture in team, including building and maintaining key controls
Provide technical guidance and support to junior actuarial staff
Adhere to diversity and inclusion policies and principles and help create an environment of respect and collaboration and inclusion for our colleagues and our customers
Ensure so far as reasonably practicable the health and safety of self, colleagues, contractors and visitors by complying with the due care requirements as per WHS legislation
Understand stakeholder insights and feedback
Act to put the best interests of our stakeholders at the heart of everything we do
Understand and adhere to all relevant policies and procedures to mitigate risks and compliance issues and take action to identify, report and resolve risks and issues or escalate as necessary

Requirements:

Qualified Actuary with 7-10 years working experience in life insurance/reinsurance industry, with at least 3 years in valuation and/or capital management
Strong knowledge of relevant actuarial specialties (e.g. AASB 17, APRA Regulatory Requirements) in Australian life insurance/reinsurance space
Actuarial knowledge of retirement income product are highly regarded
Model development and validation experience
Knowledge of R/Python/MoSes/RAFM preferred
Experience with Solvency II highly desirable
Strong verbal and written communication skills, with an ability to communicate complex issues across teams and jurisdictions
Passion for joining a dynamic team focused on innovation and growth
Pro-active working style with can-do attitude and ability to deliver high-quality results amongst competing priorities
Strong track record for delivery, reliability and integrity

Nice to have:

Actuarial knowledge of retirement income product
Experience with Solvency II

What we offer:

Caring for our employees, their ambitions, dreams and challenges
Diverse and inclusive workforce
Equal opportunity employer
Encouragement to bring your whole self to work
Applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation

Additional Information:

Job Posted:
May 14, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

View All Jobs In This Company

Job Link Share:

Valuation and Modelling Actuary