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Corporate Actuary

Employer
Hannover Re
Location
Sydney, Australia
Salary
Competitive
Closing date
Jun 16, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
We currently have an exciting opportunity in Sydney which plays a major part in the success of Hannover Re globally. We are a lead reinsurer in Australia and New Zealand and we have the benefit of being flexible and nimble with the financial backing of one of the largest reinsurers in the world. We are seeking a Corporate Actuary to join our team within our Property & Casualty branch. The role will be a permanent position reporting directly to our Appointed Actuary.

Your day may look a little like

The Corporate Actuary is an all-encompassing actuarial role for the Property & Casualty branch, primarily as a deputising function to the Appointed Actuary.
  • Performing quarterly actuarial reserving under local and Group requirements in coordination with local Appointed Actuary
  • Deputising for the Appointed Actuary with regards to all local statutory obligations required under APRA CPS320
  • Performing regular actuarial portfolio monitoring of branch financial performance, loss trends, claims development and key account specific performance
  • Facilitating effective communication of key experience trends between actuarial reserving, accounting/finance, underwriting to support branch's portfolio steering initiatives
  • Working with the Appointed Actuary to provide local actuarial expertise supporting local IFRS17/AASB17 integration
  • Supporting the preparation of annual business plans and Internal Capital Adequacy Assessment Process (ICAAP) including scenario and stress testing
  • Supporting actuarial reviews on material inwards and retrocession transactions
  • Providing actuarial support on preparations and reviews of quarterly regulatory filings, annual year-end local audit, as well as internal and external reviews
  • Contributing to the preparation of quarterly Operational Council and BSB meetings

You will need to have

  • University degree in Actuarial Mathematics or equivalent, with at least 3 years of post-graduation experience
  • Past working experiences in the Australian (re)insurance industry, with familiarity on local regulatory and actuarial requirements
  • IFRS17/AASB17 knowledge and experiences is preferred
  • Advanced level Excel skills
  • Strong analytical and problem solving skills
  • Ability to work with minimal supervision and as part of a team
  • Excellent organisation, attention to detail and ability to prioritise effectively
  • Clear and effective communication both written and verbal

Benefits

It is a requirement that all applicants have unlimited rights to work in Australia i.e. must either be an Australian citizen or have permanent residency.

Are our values "Respect", "Drive" and "We-Spirit" aligned with yours? We foster a culture of respect in our workplace, supporting and encouraging respectful communication and behaviours, acknowledging differences and honouring the people with whom we interact, taking the time to understand their needs and perspectives. We value every individual and consider our people to be important to the success of our business with each of us working together to contribute to a common success. Through not only our hybrid working arrangements (2 office days per week), EAP and annual program of wellness events / activities we prioritise employee wellbeing as only together can we achieve our objectives.

We not only offer a job and a title, but if you are looking for an organisation which values its people and is "Somewhat Different" then we want to hear from YOU! All you need to do is hit apply.

No agencies please.

You can find out more about our working environment, your entry options and development opportunities at www.hannover-re.com/career.

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