Actuary, Strategic Capital

TAL Australia; Sydney; On-site; AUD 180,000 - 240,000; Full time

Benefits offered by this job

Discounted insurance

Health and well-being programs

Employee benefits to support lifestyle

Job summary

TAL Australia is seeking a Qualified Actuary to support capital management initiatives and drive value through capital and reinsurance strategies. You will partner with Finance and business stakeholders to implement strategic projects and CAP-related enhancements.

The role involves financial modelling, capital position analysis and risk considerations, contributing to the long-term profitability and resilience of TAL, a leading Australian life insurer backed by Daiichi Life.

Qualifications

• Actuary designation required.
• Strong knowledge of life insurance capital or valuation.
• Proven financial modelling experience.

Responsibilities

• Contribute to TAL's capital management framework and strategic direction.
• Assist development and maintenance of the Commercial Action Plan (CAP).
• Support reinsurance initiatives and capital-related collaborations with Finance and stakeholders.
• Participate in design, negotiation and uptake of reinsurance treaties to optimise capital efficiency.
• Support the execution of TAL's reinsurance strategy and related governance.

Skills

Qualified actuary

Financial modelling

Capital/valuation knowledge

Communication

Risk management

Education

Actuary designation

Job description

• Shape the future of insurance with innovative ideas and technologies that improve the lives of millions of Australians
• Work with experienced and skilled colleagues who support and inspire one another to achieve collective success
• Enjoy benefits such as discounted insurance, health and well-being programs, and a range of employee benefits to support your lifestyle

For over 150 years, we've never stopped finding better ways to protect Australians. As one of the nation’s leading life insurers, we’re driven by ambition and a sense of purpose. Our responsibility to our customers, partners, and the broader community is at the heart of everything we do.

At TAL, we’re empowered to experiment, innovate, and create better products and services. Backed by Daiichi Life, one of the world’s largest insurers, we deliver financial security to millions of Australians through our care and expertise. Bring your curious mind and ambition to shape our industry and help us become the progressive, digitally enabled, leading insurer we aim to be.

Job Description

Reporting to the Head of Strategic Capital, this role plays a key part in supporting the development and execution of initiatives that enhance TAL’s capital position and long-term value. The position contributes to the implementation of TAL’s capital management strategy, providing financial analysis and recommendations to senior leadership on capital, profitability, value creation and risk considerations. Working closely with internal stakeholders and external partners, you will support reinsurance and capital management initiatives, including transaction execution, governance, recovery planning, stress testing, forecasting and dividend management. The role also contributes to the delivery of Commercial Action Plan (CAP) initiatives, partnering with Finance and the broader business to develop, execute and report on strategic projects that drive commercial outcomes.

In This Role You Will

• Contribute to the strategic direction and ongoing evolution of TAL's capital management framework.
• Support the development and implementation of capital-related initiatives in partnership with Finance and business stakeholders.
• Assist in the development, maintenance and regular enhancement of the Commercial Action Plan (CAP).
• Participate in the assessment, development and syndication of reinsurance initiatives that deliver value while aligning with TAL's risk appetite.
• Support the development and execution of TAL's reinsurance strategy.
• Review and influence the design, negotiation, implementation and termination of reinsurance treaties to optimise capital efficiency and value outcomes.

Qualifications

• Qualified Actuary
• Strong Knowledge of Life Insurance Capital or Valuation
• Strong Financial modelling experience
• Strong ability to communicate and to articulate complex concepts.
• Strong understanding of financial and operational risk management

Additional Information

TAL is one of Australia’s leading life insurers, committed to inclusion, and supporting the career growth of our diverse workforce. We’re proud to be:

• An Inclusive Employer – Recognised as Employer of Choice for Gender Equality by the Workplace Gender Equality Agency from 2014 to 2025 and 2023 to 2026 Bronze Tier Status within the Australian Workplace Equality Index
• Diversity Champions – Member of Diversity Council Australia, Australian Disability Network, Pride in Diversity and Champions of Change
• Reconciliation Advocates – Read our Innovate Reconciliation Action Plan.
• We welcome applications from people with diverse experiences, perspectives and backgrounds including Aboriginal and Torres Strait Islander people, caregivers, individuals with disability/ies, people from culturally diverse backgrounds and the LGBTQ+ community.
• Need adjustments during the recruitment process? Let our team know by getting in touch with us here.—we’re here to support you.

You’realwaysaccountable for your actions. You never give up. You strive to find the best outcomes for customers and partners.Andyou valueworking together to find the best solutions for problems.

As part of the recruitment process, there are several checks which may be conducted to demonstrate your eligibility for a role at TAL including Criminal History, Bankruptcy, Entitlement to Work, Regulatory and Reference Checks.