Life Actuary | Data Insights & Reserving Specialist

Munich Re; Sydney; On-site; AUD 120,000 - 180,000; Full time

Job summary

Munich Re in Sydney seeks an Actuary for Life Actuarial Risk Management to assess data quality for reserves and liabilities, synthesize data from multiple sources, and support valuation processes with TOT and change analysis.

The role emphasizes reserving techniques, model maintenance for IFRS17/AASB17 and Solvency II, plus generating management insights from valuation systems and exploring AI/LMM-driven efficiencies. Join a diverse, collaborative team.

Qualifications

• Qualified actuary with 2+ years of post-qualification experience in a Life (re)insurance pricing or reserving environment
• Strong technical report writing skills. Production of comprehensive, commercial reports and documentation, including considered opinion and justification of data and content
• Experience in life prudential regime in Australia and internationally including IFRS17, AASB17, and Solvency II

Responsibilities

• Investigate, assess and report on the quality of treaty and policy data being used by the actuarial systems to determine reserves and policy liabilities
• Prepare and analyse data from all available sources
• Review applicable components of the Terms of Trade (TOT) to confirm that they are appropriate for use in valuation
• Present on valuation TOT and change analysis to internal stakeholders (including Life 2 and CLR)
• Investigate appropriate reserving techniques including preparation, modelling and analysis of MRA’s reserves and policy liabilities
• Maintain, develop, test and document reserving models, including AASB17, IFRS17, and Solvency II
• Develop and present management information insights from valuation systems
• Investigate appropriate treaty re‑pricing insights from existing valuation systems
• Strengthen controls and drive operational efficiencies by leveraging AI and large language models to enhance LARM’s capacity and effectiveness
• Assist with special projects and other LARM activities, as required
• Contribute to developing and championing risk management process within LARM team
• Promote the values of the LARM team, being collaborative, pragmatic, and trusted.

Skills

Data analysis

Insight presentation

Technical report writing

Education

Actuarial qualification

Tools

AXIS

SQL

VBA

AI

LLM

Job description

Munich Re in Sydney seeks an Actuary for Life Actuarial Risk Management to assess data quality for reserves and liabilities, synthesize data from multiple sources, and support valuation processes with TOT and change analysis.

The role emphasizes reserving techniques, model maintenance for IFRS17/AASB17 and Solvency II, plus generating management insights from valuation systems and exploring AI/LMM-driven efficiencies. Join a diverse, collaborative team.