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L&H Infrastructure Modelling Actuary

3 months ago


Dublin, Dublin City, Ireland PartnerRe Full time
Company Description

PartnerRe 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

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Job Description

About this job:

Reporting to the Head of Life and Health In-House Actuarial Infrastructure your responsibilities will include:

Life Reserving Overlay Model
  • 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 an ongoing consolidation platform across all regions and reporting basis
  • 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
  • Working closely with the life actuarial teams, Operations, Finance, IT, 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
IFRS 17, USGAAP LDTI, FRGAAP, SII, BMA, MAS, VIF
  • 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
Line of Business models
  • Assist with model improvements for in-force business as required (Moody's AXIS / RAFM / In-house)
  • Assist with model implementation for new business
Qualifications

About you:
  • Qualified Actuary or experienced professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering) with at least 10 years working experience in a Life actuarial role 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.
Technical skills
  • Strong IT and data management skills;
  • Knowledge in relevant software: Moody's/AXIS/Risk Integrity/Moses/RAFM/C++/R/SQL/VBA/Business Objects/Python/Data Virtuality/Snowflake
  • 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
Personal and communication
  • 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
Additional Information

#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