Actuary, Valuation

The Life Actuarial Risk Management (LARM) team deliver reliable information on financial reporting, analysis, risk, capital and value to stakeholders. In the life insurance reporting system, IFRS, VNB and local statutory valuations are considered especially complicated. Reporting to the Manager Group Reporting, you will form part of the team dedicated to investigating these complex calculations.Your role

• Group Reporting: Preparation, analysis and reporting of Solvency II and IFRS 17 reserves and profit and loss statements
• Analyse results and ensure key drivers are well understood and documented
• Writing of good quality reports and other documentation for internal and external reference (including audit)

• Such reports may include:

• Quarterly Financial Statement Report
• Group Assumption Report
• Economic Valuation Report
• Quality engagement with all customers, suppliers and other stakeholders and timeframes are met
• Solvency II: Perform the Solvency II valuation process, including Model & assumption change, Experience analysis, Economic change, VNB and risk margins
• Confirm that group valuation assumptions are correctly used in valuation systems
• Management Information: Help collate LARM input to Management Reporting & Board Packs
• Annual Planning: Development of business plan forecasts from business estimates
• Tracking of business performance to Annual Plan
• Implement IFRS 17 into the group reporting framework in accordance with CLR requirements and timetables

Your profile

• Up to 5 years experience in a Life (re)insurance pricing or reserving environment
• Strong modelling and actuarial valuation system experience
• Experience in life prudential regime in Australia and internationally including MoS financial reporting, IFRS 17 (desirable) and Solvency II. Experience in economic capital implementation and management would be well regarded
• Good technical report writing skills to produce comprehensive, commercial reports and documentation, including considered opinion and justification of data and content
• Ability to identify, investigate and present to senior management financial management insights

Our benefits

• We have many attractive benefits to offer you, including 16% superannuation
• Enjoy increased annual leave entitlements
• Flexible, hybrid working conditions

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.