Capital Reporting Actuary

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

Benefits offered by this job

Inclusive employer

Diversity programs

Learning opportunities

Job summary

TAL Australia, a leading Australian life insurer, seeks an experienced capital reporting actuary to deliver Insurance Capital Standards (ICS) results, analyze capital movements, and prepare packs for senior stakeholders. You will coordinate with Dai-ichi Life, interact with external auditors, and drive improvements in IC models and processes.

With FIAA qualification and 5+ years of life insurance actuarial experience, you will strengthen governance, testing, and documentation while supporting

Qualifications

• FIAA qualified (or equivalent).
• 5+ years’ post qualification experience in a life insurance (or equivalent) actuarial role.
• Knowledge of the Australian life insurance market – products, industry structure and trends, drivers and profitability, regulatory requirements.
• Knowledge of Prophet and spreadsheet modelling.
• Experience in capital reporting, valuation, financial reporting, or a related actuarial or finance function.

Responsibilities

• Produce and deliver Insurance Capital Standards (ICS) results on regular basis in accordance with reporting timetables, ensuring accuracy, completeness and timeliness.
• Perform analysis of capital movements and key drivers, providing clear and insightful commentary to senior management.
• Prepare and presentICS reporting packs for senior stakeholders, including the Appointed Actuary and CFO.
• Coordinate the delivery ofICS results and supporting analysis to Dai-ichi Life, ensuring accuracy, completeness, and timeliness.
• Liaise with external auditors during periodic reviews and audits, responding to queries, provide high- quality supporting documentation, implement enhancements to address audit recommendations.
• Lead and support enhancements to the IC reporting process, models, and methodologies to
• improve efficiency and accuracy.
• Perform User Acceptance Testing (UAT) for model changes and / or methodology updates.
• Strengthen governance and control frameworks across the IC reporting process, including the development of transparent and traceable review controls.
• Enhance the visibility and documentation of key checks, reconciliations, and review procedures to support robust risk management and auditability.
• Maintain comprehensive documentation of model changes, methodologies, assumptions, processes, and governance decisions.

Skills

ICS reporting

Analytical skills

Stakeholder communication

Audit liaison

Governance & controls

Education

FIAA

Actuarial qualification

Tools

Prophet

Spreadsheet modelling

Job description

• Join us in shaping the future of the insurance industry, driven by innovation and a 150-year legacy of protecting people
• Work alongside diverse, passionate colleagues and leaders who inspire, support, and value your contributions.
• Access the tools and resources to acquire new skills, grow your capabilities, and take on new roles within a progressive, digitally enabled company.

Company Description

• Join us in shaping the future of the insurance industry, driven by innovation and a 150-year legacy of protecting people
• Work alongside diverse, passionate colleagues and leaders who inspire, support, and value your contributions.
• Access the tools and resources to acquire new skills, grow your capabilities, and take on new roles within a progressive, digitally enabled company.

Welcome to TAL. As a leading life insurer, we’ve been protecting Australians for over 150 years. Backed by Daiichi Life, we're driven by big ambitions and empower to create better products and services.

Together with our Partners, we’re helping millions of Australians live a life filled with choices, options, and freedoms. See the direct impact you make delivering support and financial security with care and expertise. Grow beyond expectations with diverse roles, global connections, and exclusive learning opportunities.

Work with passionate, bright and capable colleagues. Feel inspired by supportive leaders. Collaborate with heart, where flexibility, wellbeing and inclusivity is valued. Together, we're reimagining insurance.

So, bring a curious mind and an ambition to help us become the progressive, digitally enabled leading insurer.

Job Description

This role is responsible for the delivery of capital reporting under the Insurance Capital Standards (ICS) framework, ensuring the accurate and timely production, analysis, and communication of capital results to senior stakeholders and Dai-ichi Life. The position plays a key role in explaining capital movements, supporting governance and reporting requirements, and managing relationships with external auditors through the coordination and resolution of audit queries. In addition, the role drives the ongoing enhancement of IC models and reporting processes, with a focus on strengthening model quality, controls, governance, efficiency, and overall reporting capability.

In This Role You Will

• Produce and deliver Insurance Capital Standards (ICS) results on regular basis in accordance with reporting timetables, ensuring accuracy, completeness and timeliness.
• Perform analysis of capital movements and key drivers, providing clear and insightful commentary to senior management.
• Prepare and presentICS reporting packs for senior stakeholders, including the Appointed Actuary and CFO.
• Coordinate the delivery ofICS results and supporting analysis to Dai-ichi Life, ensuring accuracy, completeness, and timeliness.
• Liaise with external auditors during periodic reviews and audits, responding to queries, provide high- quality supporting documentation, implement enhancements to address audit recommendations.
• Lead and support enhancements to the IC reporting process, models, and methodologies to
• improve efficiency and accuracy.
• Perform User Acceptance Testing (UAT) for model changes and / or methodology updates.
• Strengthen governance and control frameworks across the IC reporting process, including the development of transparent and traceable review controls.
• Enhance the visibility and documentation of key checks, reconciliations, and review procedures to support robust risk management and auditability.
• Maintain comprehensive documentation of model changes, methodologies, assumptions, processes, and governance decisions.

Qualifications

• FIAA qualified (or equivalent).
• 5+ years’ post qualification experience in a life insurance (or equivalent) actuarial role.
• Knowledge of the Australian life insurance market – products, industry structure and trends, drivers and profitability, regulatory requirements.
• Knowledge of Prophet and spreadsheet modelling.
• Experience in capital reporting, valuation, financial reporting, or a related actuarial or finance function.

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.

Everyone at TAL has a responsibility to do the right thing and is accountable for the way they conduct themselves. Our expectations are that you follow the principles set out in our Code of Conduct when you come to work every day. Risk management is everyone’s responsibility.