Purpose of the role
The role will contribute value to Youi by applying actuarial principles to support key business decisions, with a particular emphasis on reinsurance.
Key priorities
* Prepare and review data for reinsurance renewals, catastrophe modelling and related requests.
* Improve automation, timeliness and accuracy across reinsurance placement and reporting processes.
* Ensure receipt of signed reinsurance contracts and prepare supporting management papers.
* Maintain counterparty grades, adhere to the Reinsurance Management Strategy and assist with collateralisation and commutations.
* Support drafting of regulatory reinsurance documentation (ReMS, Placement Strategy, ReAS, Reinsurance Declaration).
* Calculate and allocate reinsurance premiums, complete true-ups and process payments.
* Perform monthly reporting to reinsurers, process recoveries and prepare loss notifications.
* Provide actuarial support outside reinsurance (IFRS 17, stress testing, capital modelling, reporting, climate strategy, business modelling, expenses).
* Uphold risk-management practices, compliance requirements and the Actuarial Control Cycle.
* Promote safety, operational efficiency and company values in day-to-day work.
About you
Experience & Knowledge:
* Bachelor's degree in actuarial or related field, with progress toward actuarial qualification.
* Minimum 3 years' actuarial experience in general insurance; reinsurance experience preferred.
* Strong analytical ability with excellent written and verbal communication skills.
* Knowledge of actuarial standards, professional development requirements and IFRS 17 (beneficial).
* Understanding of reinsurance, reserving, pricing and portfolio monitoring links.
* Strong Excel skills and proficiency in at least one programming language (SQL beneficial).
* High attention to detail, strong time management and ability to manage multiple priorities.
* Demonstrated integrity, accountability and adaptability in a fast-paced environment.
* Proactive approach to identifying risks and opportunities with an innovative mindset.
* Effective collaborator with a commitment to continuous professional development.
Location: Sydney office
For more information please reach out to Claire Bodenes (Reinsurance Manager)