Current Opportunity

Reinsurance Actuary – General Insurance

Posted Date 21 November 2022

Job Type Permanent

Location Sydney

Industry Reinsurance

Contact Name Amity Delaney

An exciting opportunity to join an Australian general insurer in a newly created role in the Reinsurance team.

About the role:

  • Assist in the maintenance and enhancement of the Reinsurance Management Strategy plan and roadmap of activities to optimise use of reinsurance.
  • Coordinate, monitor and review all reinsurance related analytical functions and processes.
  • Oversee the reinsurance budget & forecast process, including reinsurance spend, gross and net natural perils cost forecasting, and reinsurance cost allocations.
  • Liaise with Product and Pricing Teams to ensure alignment of appropriate natural peril pricing with original products and reinsurance.
  • Assist with quarterly and annual Board and Regulatory Reports.

About you:

  • Newly/nearly qualified actuary with a minimum of 5 years of experience in reinsurance or capital.
  • Technical understanding of catastrophe risk and experience with reinsurance catastrophe modelling, and the implications for reinsurance placement and purchasing.
  • A strong understanding of Australian relevant natural perils and the catastrophe modelling undertaken to assess catastrophe risks, with an ability to explain these outcomes to a non-technical audience.
  • Knowledge of key regulatory, capital and rating regimes and corporate financial concepts, and an understanding of the reinsurance functions and impact on the balance sheet and P&L of an insurance company.

For further information or to apply for this role please contact Amity Delaney on 0408 887 885 or amity@sklactuarial.com.au

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