Senior Actuarial Analyst

The Senior Actuarial Analyst will support the development and implementation of actuarial models, analyses, and strategies. This role is responsible for performing actuarial calculations, advanced technical skills, and the ability to contribute to key financial decisions. The Senior Actuarial Analyst will play a pivotal role in assisting the actuarial team to accelerate the in-housing of actuarial models.
Job Description
Key Accountabilities

• Pricing Reviews and Analyses:

• Lead co-ordination of the review and analysis of pricing strategies for NobleOak's products to assess profitability.
• Support the product, actuarial and growth areas by providing actuarial expertise in the pricing of new and inforce insurance business.

• Actuarial Modelling and Analysis:

• Provide support for the in-housing of actuarial models, including preparing specifications, and provide ongoing support in refining and maintaining the models.
• Conduct regular reviews of pricing methodologies, assumptions, and reporting requirements.
• Support regular actuarial investigations to review and update actuarial assumptions.

• Data Management and Validation: Contribute to the management and validation policy data, ensuring accuracy and integrity for actuarial calculations.
• Actuarial Support - Provide support to the Head of Actuarial and wider actuarial team as required including preparing reports on the results of experience investigations, valuations, business planning and statutory returns.
• Risk Assessment and Mitigation - Support the actuarial function in assessing and mitigating insurance and financial risks associated with NobleOak's products.
• Stakeholder Engagement - Collaborate with cross-functional teams, including products, underwriting, claims, finance, and data. Contributing in key projects and forums where actuarial input is required.

• Product and Pricing support - Support review and analyses of pricing strategies to accurately assess product profitability
• High Quality and Accurate Communication - Communication with internal and external stakeholders, monitoring information and providing support across the Product, Actuarial and Finance teams when required.
• Process Improvement - Contribute to drive process improvement and automation in the Actuarial department.

• Planning and Execution - Provide input to company-wide planning and issues resolution and help drive the execution of our NobleOak operational plan, including key business initiatives.
• Quality Control - Operate as an important quality controller for the business, ensuring all product project processes are delivered in a timely manner ensuring continued high satisfaction rates.

• Delivery focus - Understanding and striving to meet or exceed all metrics and KPIs while providing excellent consistent customer service.
• Culture Champion - Like all NobleOak roles, this role must be a strong ambassador and champion of the NobleOak high-performance culture and brand values. Always displaying positivity, energy and integrity, taking responsibility for actions and building on a positive and engaging diverse team dynamic. Our values and culture are outlined on the back page is this document.

• Strong understanding of life insurance actuarial and pricing concepts.
• Strong understanding of Life insurance industry and market, including competitors' products in the direct life insurance market.
• Good understanding of the legal and compliance environment of the Life insurance industry.
• Strong numerical skills and experience with Excel.
• Good ability to interpret and analyse relevant data to diagnose issues, trends, and emerging problems.
• Good problem-solving capabilities, including lateral thinking, to provide advice and recommended solutions to the issues raised.
• Good communication skills, both written and verbal.
• Positive, team-focused, driven, and engaging personality.

• 5+ years' experience in retail life insurance
• Recently qualified or studying towards becoming a Fellow of the Institute of Actuaries of Australia
• Advanced proficiency in Microsoft Excel. Knowledge of or experience in Python and database programming (SQL) are desirable.
• Developed experience in and knowledge of retail life insurance, ideally within the Australian marketplace.
• Strong communication and presentation skills and experience working with senior stakeholders.
• Strong understanding of the principles of life insurance from first principles and inclination, to get involved in commercial decision-making process