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Job DescriptionAbout the role:
The role of the In-House Valuation Infrastructure team is to ensure the maintenance of the Overlay platform and other Global Life Reserving Valuation Models. You will participate in team activities, which include:
- Development and maintenance of global actuarial systems, models and tools (includes gathering of requirements, development of specifications, implementation and / or testing depending on the tool)
- Contribute to the implementation of change projects including the migration and decommissioning of several outdated platforms to increase the efficiency and automation of the reserving process
- Support the build of a centralised database with supporting transformation and aggregate calculation tools
- Modernize, extend and harmonize 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 visualization and analysis capability for use in the validation of results, production of management reporting metrics and implementation of controls
- Acting in a research and development capacity to generate new ideas for affecting process, methodology and reporting efficiencies
- Working closely with the IT and life actuarial teams, Operations, Finance, 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
- With the support of management, helping to manage production teams' expectations to enforce the principle that the GAIT provides development and maintenance support rather than being an additional production resource
About you:
Technical Competencies:
- Strong IT and data management skills
- Knowledge in relevant software: R (highest priority) SQL/VBA/Python/PowerBI & Power Query (second priority) Moody’s/AXIS/Risk Integrity/C++/Business Objects/Data Virtuality/Snowflake (third priority)
- Reinsurance knowledge is an asset
- Strongly driven to streamline business processes, with an emphasis on automation and maintainability
- Experience in specification, development and testing of actuarial and data transformation software
Behavioural Competencies:
- Organized, able to work in a matrix structure
- Strong communication skills and proficiency in English
- High motivation, team-orientation
- Keen to work with other cultures
Work Experience:
- 3 to 6 years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience with solid systems development or programming (specifically in R) background and exposure to financial transformation projects.
- Prior experience of financial reporting with respect to regulatory reporting regimes including USGAAP LDTI, IFRS 17, SII, BMA, MAS, VIF would be a distinct advantage.
Education:
- Qualified Actuary or experienced professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering)
#LI-Hybrid
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Thank you,
PartnerRe Hiring Team
