Job title: Protection Life Valuation Actuary
Job type: Permanent
Emp type: Full-time
Industry: Reinsurance
Expertise: Actuarial Risk Management Skills Underwriting
Location: Paris, France
Job published: 20/10/2021
Job ID: 32824

Job Description

Our client, an international reinsurance company is looking for a Protection Life Valuation Actuary to strengthen the Protection Department. He·she will be in charge of taking part in the management and monitoring of a large and strategic international portfolio of long and short term protection products.

The Protection Life Valuation Actuary will be responsible for  :

  • Production of quarterly reserves on applicable bases (USGAAP, SII…)
  • Preparation and sign-off of the SII results including the shocks and analysis of change together with the GAAP / statutory accounting.
  • Preparation of supporting documentation (unit testing, basis checks etc.) to validate work produced to line manager & auditors.
  • Ensure the model documentation and a robust control framework.
  • Drafting of the Annual Assumption Review of base mortality and morbidity, disability termination rates, morbidity deterioration, mortality improvements, lapses and other relevant assumptions on the portfolio.
  • Provide insight into observed experience, propose base changes where relevant and quantify financial impacts.
  • Ensure data quality.
  • Play an active role in the model and tools migration…
  • Be involved in the development of the LDTI approach and IFRS 17 approach
  • Coordinate with other team members to facilitate the consolidation.

 

Profile

  • Qualified Actuary with 1 to 5 years of experience in Life valuation, reserving or pricing or related actuarial experience on protection products.
  • A prior experience in reinsurance is a strong asset.
  • Prior experience of Solvency II, US GAAP, IFRS17, valuation / reserving and financial reporting would be a plus.
  • Knowledge of Risk Agility/AXIS and of the R/VBA/SQL coding language would be an advantage
  • Strong IT and data management skills
  • Organized, proactive and keen to be flexible around busy periods
  • Able to set & manage priorities & to meet deadlines
  • Highly motivated team player
  • Strong communication skills and proficiency in English (French would be an advantage)
  • Fluent in French and English.
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