Analyst Actuarial Reserving and Capital

Level: ARPC 5/6

Purpose of the role

This role delivers actuarial reserving, capital, and liquidity modelling to support the achievement of ARPC’s strategic objectives.

Key responsibility

Role model ARPC’s Values and Code of Conduct and capabilities set out in ARPC’s Capability Framework.

Reserving and Capital

• Implement, maintain, and continually enhance actuarial reserving and capital modelling processes under the guidance of the Actuarial Reserving and Capital Manager.
• Support the delivery of statutory liability valuations of ARPC’s outstanding claims liability and premium liabilities consistent with professional standards and ARPC policies.
• Support the delivery of ARPC’s annual actuarial valuation report and monthly actuarial reserves.
• Prepare and analyse input data for reserving and capital modelling, including reconciliation and validation.
• Maintain and enhance ARPC’s capital projection model and produce annual projections of ARPC’s forward looking financial projections.
• Model ARPC’s cashflow and liquidity needs to support appropriate liquidity management.
• Produce analyses to provide updates and insights on reserving and capital management matters to senior management and the Board.
• Contribute to reserving and capital management sections of the annual Financial Outlook Report, Corporate Plan, and Annual Report.
• Support actuarial process improvements and contribute to the development of efficient automation, governance and reporting tools.

Risk management

• Help to ensure sound Risk Management principles and systems are in place within reserving and capital practices.
• Proactively identify risks, implement mitigating actions and improvements and monitoring outcomes

Other

• Provide support to other actuarial functions as required.
• Participate in ARPC Corporate projects as and when opportunities arise.
• Risk Capability – Actively contribute to managing risk well at ARPC by embedding risk into day-to-day activities supporting a culture of openness, accountability and continuous improvement.

Qualifications

• Completion of part 1 and part 2 subjects and progression towards becoming a Fellow of the Institute of Actuaries of Australia – Desired
• Tertiary qualification in Economics, Actuarial Studies, Finance, Statistics or Commerce – Mandatory

Experience

• 1-3 years’ experience in the reinsurance, insurance industry or finance sector – Desired
• Working knowledge of financial services (insurance, reinsurance and/or banking) – Desired

Technical Capabilities

• Experience with a programming language such as SQL, SAS, R, Python
• Strong knowledge of the MS Office suite, including Word, PowerPoint, and Excel
• Strong written and verbal communication skills
• Strong analytical skills with the ability to derive simple insights from complex data.
• Ability to build strong relationships with various stakeholders.
• Interest in developing commercial acumen.
• Interest in developing legislative and regulatory interpretation and application skills.
• Astute attention to detail
• Ability to work as part of a team and autonomously as a subject matter expert

Contact: [email protected]