Senior Valuation Actuary - IFRS17 & AI-Driven Reserving

Munich Re; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

Munich Re in Sydney seeks an experienced Life Actuarial professional to deliver valuation reporting and analysis for MRA, including quarterly results, board reports and annual valuation statements.

Lead reserving techniques under IFRS17/AASB17, review TOT components, support external audits, and collaborate with the Head of Valuation to drive strategic finance initiatives while leveraging AI/LLMs to enhance efficiency.

Qualifications

• Qualified Actuary with 5+ years of post-qualification experience in a Life (re)insurance pricing or reserving environment
• Experience with AXIS, SQL, VBA, AI and LLM
• Experience in life prudential regime in Australia and internationally including IFRS17, AASB17, and Solvency II
• Strong technical report writing skills. Production of comprehensive, commercial reports and documentation, including considered opinion and justification of data and content
• Ability to identify, investigate and present insights to senior management.

Responsibilities

• Deliver all aspects of MRA’s valuation reporting and analysis requirements, including quarterly results, MR Group reporting, Board reporting, Annual Valuation Reports, and financial statements
• Develop and present management information insights from valuation systems
• Investigate reserving techniques including modelling and analysis of reserves and policy liabilities
• Maintain, develop, test and document reserving models, including IFRS17 and Solvency II
• Review Terms of Trade components to ensure proper use in valuation
• Partner with Head of Valuation to deliver strategic finance initiatives and provide technical review to LARM team.

Skills

AXIS

SQL

VBA

AI/LLM

Job description

Munich Re in Sydney seeks an experienced Life Actuarial professional to deliver valuation reporting and analysis for MRA, including quarterly results, board reports and annual valuation statements.

Lead reserving techniques under IFRS17/AASB17, review TOT components, support external audits, and collaborate with the Head of Valuation to drive strategic finance initiatives while leveraging AI/LLMs to enhance efficiency.