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- Development and maintenance of actuarial systems, models and tools used in regulatory reporting for solvency regimes and financial statements (Multi GAAP)
- Contribute to the implementation of change projects including the migration and decommissioning of several outdated platforms to increase the efficiency and automation of the reserving process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
- Facilitate the gathering of requirements, development of specifications and implementation of an enhanced projection model and reporting platform for ST business
- Acting in a research and development capacity to generate new ideas for affecting process, methodology and reporting efficiencies
- Contribute to the updating and enhancement of the accrual methodology, process and tools ensuring consistency across product lines and regions
- 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
- Develop and enforce best practices for model governance
- Mentor and guide other team members in the use and development of models and tools
- 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
- Contributing to the efficient integration of pricing models into the valuation infrastructure through clarifying required changes to pricing and valuation model and implementation of a robust framework for storing and processing pricing cash flow projections
- Assist team in implementation of data and model requirements for IFRS 17, LDTI, FRGAAP, SII, BMA, MAS, VIF including writing and reviewing technical specifications and testing
- Assist with model improvements for in-force business to facilitate a smooth consolidation process as required (Moody's AXIS / RAFM / In-house)
- Assist with model implementation and processing of new business
- Qualified Actuary or experienced professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering) with 5 or more years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience with solid systems development 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.
- Strong IT and data management skills;
- Knowledge in relevant software:
R/SQL/VBA/Python/PowerBI & Power Query (higher priority) Moody's/AXIS/Risk Integrity/Moses/RAFM/C++/Business Objects/Data Virtuality/Snowflake (lower 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
- Organized, able to work in a matrix structure
- Able to set and manage priorities
- Strong communication skills and proficiency in English
- High motivation, team-orientation
- Keen to work with other cultures
L&H Infrastructure Modelling Actuary - Dublin, Ireland - PartnerRe
Description
Company DescriptionPartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.
Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:
Shape your own career
Grow in a supportive environment
Connect with a community of experts
Make an impact
View The PartnerRe Experience e-book to find out more about what it's like to work at PartnerRe.
We are always looking for bright, proactive individuals to join our team
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PartnerRe is an equal opportunities employer.
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Job Description
About this job:
Life Reserving Overlay Model
About you:
#LI-Hybrid
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,
PartnerRe Hiring Team