Job title: Life & Health Actuary
Job type: Permanent
Emp type: Full-time
Industry: Reinsurance
Expertise: Actuarial
Skills: reinsurance Life and Health valuation ifrs17
Location: Paris, France
Job published: 27/07/2020
Job ID: 32673

Job Description

Our client, an international reinsurance company, is looking for a Life & Health Actuary whose responsibilities will include the following:

Life Reserving Overlay Model

  • Lead the development and maintenance of actuarial systems, models and tools used in regulatory reporting for solvency regimes and financial statements (Multi GAAP),
  • Lead on the implementation of change projects including an ongoing modelling platform migration from MoSes & RAFM to AXIS,
  • Support the build of a centralised database with supporting transformation and aggregate calculation tools,
  • Modernise, extend and harmonise the aggregation and consolidation tools across the different processes and geographies, by limiting as much as possible the use of Excel and manual retreatments,
  • Enhance the visualisation and analysis capability for use in the validation of results, production of management reporting metrics and implementation of controls,
  • Working closely with the life actuarial teams, Operations, Finance, IT, external consultants and vendors to implement changes to the modelling architecture,
  • Review existing process and improve operational efficiency of the regulatory reporting,
  • Ensure a robust control framework by automation of validations,
  • Develop and enforce best practices for model governance,
  • Mentor and guide other team members in the use and development of models and tools.

IFRS 17 and USGAAP

  • Assist team in implementation of data and model requirements for IFRS 17 including writing and reviewing technical specifications and testing.

Line of Business models

  • Assist with model improvements for in-force business as required (Moody’s AXIS / RAFM / In-house),
  • Assist with model implementation for new business.

 

Profile

  • Qualified Actuary or experienced professional with a university degree in Actuarial, Statistics, IT, or Engineering,
  • At least 8 years of experience in Life reserving or in in pricing in the (re)insurance sector,
  • A solid systems development background and exposure to financial transformation projects,
  • Experience in specification, development, and testing of actuarial and data transformation software,
  • Strongly driven to streamline business processes, with an emphasis on automation and maintainability,
  • Prior experience of financial reporting with respect to regulatory reporting regimes including USGAAP LDTI, IFRS 17, Solvency II, BMA, MAS would be a distinct advantage,
  • Reinsurance knowledge is an asset,
  • Strong IT and data management skills with a knowledge of relevant software such as Moody’s, AXIS, Risk Integrity, Moses, RAFM, C++, R, SQL, VBA, Business Objects,
  • Organised, able to work in a matrix structure,
  • Ability to set and manage priorities,
  • Strong communication skills,
  • Team spirit,
  • Proficiency in English.