Assistant Manager/Senior Executive, Actuarial (Par Fund Management)
Summary
Senior actuary managing participating insurance funds, performing financial analyses, bonus calculations, and regulatory reporting using actuarial models and Excel.
Key Responsibilities
- Support the management of participating funds, including bonus investigations, recommendation analysis, and bonus implementation.
- Perform experience studies, financial impact assessments, and analyses to support bonus declaration and participating fund management decisions.
- Maintain and enhance the participating fund governance framework and support its effective application across the participating portfolio.
- Prepare actuarial analyses, management reports, and committee papers relating to participating fund management activities.
- Support the team lead in participating fund initiatives, regulatory exercises, and strategic projects.
- Contribute to process improvement, automation, and data analytics initiatives to enhance actuarial efficiency and insights.
- Collaborate with stakeholders across Actuarial, Finance, Risk, Product, and other business functions.
- Participate in ad hoc assignments and projects in line with departmental priorities.
- Ensure deliverables are completed accurately, timely, and in accordance with internal governance standards, regulatory requirements, and industry guidelines.
Requirements
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
- Progressing towards a professional actuarial qualification (SOA, IFoA, Institute of Actuaries Australia, or equivalent).
- 2–5 years of actuarial work experience, preferably with exposure to financial reporting, participating business, valuation, or capital management.
- Strong analytical and problem-solving skills with attention to detail.
- Proficiency in actuarial modelling, data analysis, and Microsoft Excel; experience with actuarial systems or programming tools (e.g., Prophet, Alteryx, VBA) is an advantage.
- Ability to communicate technical concepts clearly and concisely to both technical and non-technical stakeholders.
- Self-motivated with the ability to work independently while collaborating effectively within a team environment.
- Adaptable and open to change, with a willingness to learn new technologies and explore innovative ways of working.