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Actuarial Analyst

Location Sydney, Australia Job type Full-Time Work mode Hybrid Job level Professional Job ID 13641 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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CFO is responsible for the integrity of the financial information of the business and the custodian of shareholder value. This includes accounting, all facets of financial reporting, Non-life and Life actuarial reporting, expense management and processing, capital management, investment accounting and tax accounting. The division is a shared service function and it services all entities in Australia and New Zealand.

The LARM team deliver relevant and reliable information on financial reporting, analysis, risk, capital and value to stakeholders. In the life insurance reporting system, IFRS, VNB and local statutory valuations are considered especially complicated. At MRA, the dedicated professionals who investigate these complex calculations are members of an elite team known as the Life Actuarial Risk Management(LARM).

Your Role

IFRS 17 Support

  • Prepare and submit cashflows for data hub including quality assurance
  • Extract and supply data/cashflows including quality assurance
  • Investigate issues and respond to questions
  • Run ad hoc models
  • System testing

AXIS Projection Software

  • Run AXIS models, implement coding changes, and check results within AXIS
  • Identify and recommend model improvements resulting in improved efficiency and controls
  • Contribute to the production of change control documentation covering models and assumptions

Valuation Support

  • Data Reconciliations
  • FSRI (Accounting) Data Extractions
  • Provision of FSRI upload files
  • Specify and run VICE models and extract results
  • Assist with the completion of statutory returns

Actuarial Support

  • Assist the Head of Valuation and Appointed Actuary with special projects and other LARM activities, as required

Your Profile

  • Some Life insurance experience (e.g. from reinsurance, insurance or consulting environments)
  • Ability to identify and investigate issues
  • Strong MS Excel skills 
  • Ability to present work topics within LARM
  • University degree, with details of university academic performance (e.g. WAM, GPA, or equivalent grading system) included in the resume is required
  • IAA Part I exams or equivalent completed
  • IAA Part II exams or equivalent completed (desirable)
  • Sitting or expecting to sit IAA Part III exams or equivalent (desirable)

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

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