Life & Health Valuation Actuary (French)
3 weeks ago
- Full-time
- Alternate Location *: Not Applicable
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.
About this job:
Reporting to the Head of Short Term protection and US GAAP consolidation, the focus of this role is to take part in the management and monitoring of a large portfolio of Short Term products in EMELA. The role focuses primarily on proportional and non-proportional treaties covering Death, Disability and Medical expenses in France.
Your responsibilities will include:
- Production of quarterly reserves on applicable bases (USGAAP, SII, VIF)
- Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the GAAP/statutory accounting.
- Preparation of supporting documentation to validate work produced to line manager & auditors.
- Annual preparation of the assumption review documentation (for Group presentation)
- Provide insight into observed experience, propose base and assumption changes where relevant and quantify financial impacts.
- Ensure the development and enhancement of the Replife tool: Replife is a reserving tool that uses Non-life triangles techniques to derive the BE reserves for the short-term business.
- Review existing process and improve operational efficiency of reporting.
- Contribute to various cross-functional projects, topics and responsibilities across the team.
- Coordinate with other team members to facilitate the consolidation.
About you:
- Full French fluency as you will work on the French portfolio
- University degree in relevant field (Actuarial, Statistics, Engineering)
- Part qualified to Newly Qualified actuary with circa 3-5 years of experience
- Knowledge in Non-Life Loss reserving triangles techniques is a plus
- Detailed knowledge of Solvency II
- Valuation/reserving and financial reporting experience would be beneficial
- Knowledge of R/VBA/SQL coding language would be an advantage
- Reinsurance knowledge is an asset as well as US GAAP and IFRS 17
- Organized, able to set and manage priorities and work in a matrix structure
- Highly cooperative, flexible, and enthusiastic team-player
- Excellent verbal and written communication skills in English
- Keen to work with other cultures in a dynamic environment
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.
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