Senior ICS 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

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