Job DescriptionAbout this job:
Reporting to the Head of the L&H In-House Actuarial Infrastructure team your core responsibility will be to support implementation, and more particularly testing, of Global Valuation tools.
In more detail your responsibilities will include:
Maintenance of Life Reserving Valuation Models and Overlay platformDevelopment and maintenance of actuarial systems, models and tools used in regulatory reporting for solvency regimes and financial statements (Multi GAAP)
Contribute to the implementation of change projects including the migration and decommissioning of several outdated platforms to increase the efficiency and automation of the reserving processSupport the build of a centralised database with supporting transformation and aggregate calculation toolsModernize, extend and harmonize the aggregation and consolidation tools across the different processes and geographies, by limiting as much as possible the use of Excel and manual retreatmentsEnhance the visualization and analysis capability for use in the validation of results, production of management reporting metrics and implementation of controlsFacilitate the gathering of requirements, development of specifications and implementation of an enhanced projection model and reporting platform for ST businessActing in a research and development capacity to generate new ideas for affecting process, methodology and reporting efficienciesContribute to the updating and enhancement of the accrual methodology, process and tools ensuring consistency across product lines and regions Working closely with the IT and life actuarial teams, Operations, Finance, external consultants and vendors to implement changes to the modelling architectureReview existing process and improve operational efficiency of the regulatory reportingEnsure a robust control framework by automation of validationsDevelop and enforce best practices for model governanceMentor and guide other team members in the use and development of models and toolsWith the support of management, helping to manage production teams' expectations to enforce the principle that the GAIT provides development and maintenance support rather than being an additional production resourceContributing to the efficient integration of pricing models into the valuation infrastructure through clarifying required changes to pricing and valuation model and implementation of a robust framework for storing and processing pricing cash flow projectionsIFRS 17, USGAAP LDTI, FRGAAP, SII, BMA, MAS, VIFAssist team in implementation of data and model requirements for IFRS 17, LDTI, FRGAAP, SII, BMA, MAS, VIF including writing and reviewing technical specifications and testing Line of Business modelsAssist with model improvements for in-force business to facilitate a smooth consolidation process as required by Moody's (AXIS) / In-house (R)Assist with model implementation and processing of new businessQualificationsAbout you:
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 (specifically in R) 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 skillsStrong 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 assetStrongly driven to streamline business processes, with an emphasis on automation and maintainability Experience in specification, development and testing of actuarial and data transformation softwarePersonal and communicationOrganized, able to work in a matrix structureAble to set and manage prioritiesStrong communication skills and proficiency in EnglishHigh motivation, team-orientation Keen to work with other culturesAdditional Information#LI-HybridPartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,PartnerRe Hiring Team