About this Job:
You will be responsible for supporting the implementation and testing of Global Valuation tools, reporting to the Head of the L&H In-House Actuarial Infrastructure team.
* Maintenance of Life Reserving Valuation Models and Overlay platform.
* Development and maintenance of actuarial systems, models and tools used in regulatory reporting for solvency regimes and financial statements (Multi GAAP).
* Contribution to the implementation of change projects, including the migration and decommissioning of outdated platforms to increase efficiency and automation of the reserving process.
* Support for building a centralised database with transformation and aggregate calculation tools.
* Modernisation, extension and harmonisation of aggregation and consolidation tools across different processes and geographies, limiting the use of Excel and manual treatments.
* Enhancement of visualization and analysis capabilities for result validation, management reporting metrics and control implementation.
* Facilitation of requirement gathering, specification development and implementation of an enhanced projection model and reporting platform for ST business.
* Research and development to generate new ideas for affecting process, methodology and reporting efficiencies.
* Contribution to updating and enhancing the accrual methodology, process and tools ensuring consistency across product lines and regions.
* Collaboration with IT and life actuarial teams, Operations, Finance, external consultants and vendors to implement changes to the modelling architecture.
* Review of existing processes and improvement of operational efficiency of regulatory reporting.
* Ensuring a robust control framework through validation automation.
* Development and enforcement of best practices for model governance.
* Mentorship and guidance of other team members in the use and development of models and tools.
* Management of production teams' expectations to enforce the principle that the GAIT provides development and maintenance support rather than being an additional production resource.
* Contribution to efficient integration of pricing models into the valuation infrastructure through clarifying required changes to pricing and valuation models and implementation of a robust framework for storing and processing pricing cash flow projections.
Regulatory frameworks: IFRS 17, USGAAP LDTI, FRGAAP, SII, BMA, MAS, VIF.
* Assistance in implementing data and model requirements for IFRS 17, LDTI, FRGAAP, SII, BMA, MAS, VIF, including writing and reviewing technical specifications and testing.
Line of Business models.
* Assistance with model improvements for in-force business to facilitate a smooth consolidation process as required by Moody's (AXIS) / In-house (R).
* Assistance with model implementation and processing of new business.
Qualifications:
* Qualified Actuary or experienced professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering) with 3 to 6 years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience with solid systems development or programming background and exposure to financial transformation projects.
* Prior experience of financial reporting with respect to regulatory reporting regimes including USGAAP LDTI, IFRS 17, SII, BMA, MAS, VIF would be a distinct advantage.
Technical skills:
* Strong IT and data management skills.
* Knowledge in relevant software: R (highest priority), SQL/VBA/Python/PowerBI & Power Query (second priority), Moody's/AXIS/Risk Integrity/C++/Business Objects/Data Virtuality/Snowflake (third priority).
* Reinsurance knowledge is an asset.
* Strongly driven to streamline business processes, with an emphasis on automation and maintainability.
* Experience in specification, development and testing of actuarial and data transformation software.
Personal and communication:
* Organized, able to work in a matrix structure.
* Able to set and manage priorities.
* Strong communication skills and proficiency in English.
* High motivation, team-orientation.
* Keen to work with other cultures.