Actuary - Hybrid

Actuary - Hybrid 

• Exciting Collaboration Opportunities
• Opportunities for Growth and Skill Enhancement
• Inspirational Work Environment

Step into the vibrant and flourishing environment of this multinational corporation, set against the stunning backdrop of Malta. Their commitment to excellence drives them to seek a talented Actuary to join their esteemed team and further elevate their reputation in the insurance industry. As a forward-thinking organization, they offer not only a highly competitive compensation package but also an exceptional work environment marked by excitement and a strong dedication to fostering a positive workplace culture.

In this key role, the Actuary is not just a member of the team; they play a pivotal part in guiding the company toward continued global success. They have the opportunity to collaborate with professionals from diverse backgrounds around the world, contributing to challenging projects that extend beyond borders. Their responsibilities go beyond the traditional, including market analysis, product development, and organizational tasks, highlighting their importance within this innovative company.

A significant aspect of the role involves close collaboration with the audit team, allowing the Actuary to develop and refine actuarial valuation models for various strategic needs. This collaboration enhances their skills and ensures their professional growth aligns with the company’s strategic objectives.

The organization places great importance on supporting professional development within a supportive environment, alongside dedicated and motivated colleagues. Joining this dynamic team is more than just a career move; it’s an invitation to be part of their ongoing success and embark on a journey of continuous learning and advancement in an actuarial career.

Becoming part of this organization means engaging with an environment where inspiring landscapes fuel creativity, projects spark passion, and collaboration drives unparalleled achievements. The experience here goes beyond traditional employment—it's an exciting exploration of endless possibilities and a commitment to excellence in the ever-evolving field of actuarial expertise.

You Will:

• Apply actuarial methodologies and models to calculate IFRS17 reserves.
• Compile all actuarial data and assumptions and generate cash flow forecasts (Long-Range Cashflow and Long-Term Insurance Contracts) to determine reserves at various year-ends.
• Assess reserve levels, capital requirements, and dividend amounts.
• Produce regular reports, including Pillar II reports.
• Additionally, craft the risk management policy and establish the reference framework for risk measurement.
• Continuously monitor technical and risk factors within portfolios, taking note of alert indicators.
• Develop essential actuarial, statistical, and data tools, including methods and models for actuarial studies, to enhance understanding and risk estimation, as well as automate and optimize data.
• Offer actuarial support for operational activities and projects.

Skills/Experience:

• Has earned a master's degree from a university, along with a diploma in actuarial science.
• Brings 3 to 5 years of experience in actuarial roles within the insurance sector.
• Proficient in IFRS 17 reporting standards, especially regarding onerosity assessment, discount rate selection, liability calculation for incurred claims, and comprehension of risk adjustment.
• Exhibits familiarity with key non-life product categories and possesses robust knowledge of motor, health, and home insurance businesses.

 Salary / Remuneration: 55,000 - 90,000 DOE, annual bonus, life, health insurance, transportation allowance, food allowance. 

For more information contact Ivana Jeremic confidentially on +356 20341755 or email your CV

[email protected] I specialize in recruiting for Payments, Fraud and Operational Banking if you wish to discuss this or other Operational Banking opportunities, please feel free to contact me.

For more opportunities visit our website on https://accelerate.mt/

About Accelerate – Accelerate is a Specialist Finance and Legal Recruitment Consultancy based in Malta.