Senior AXIS Modelling Actuary

PartnerRe Ltd.; Toronto; On-site; CAD 185,000 - 226,000; Full time

Benefits offered by this job

Annual incentive program

Medical coverage

Dental coverage

Vision coverage

Health spending account

Pension plan

Life insurance

Disability coverage

Job summary

PartnerRE Ltd. in Toronto, ON is seeking an experienced Actuary to maintain and develop pricing and valuation models using Moody’s AXIS. You will track issues, coordinate with IT, and ensure model controls meet SOX and audit requirements.

The role requires AXIS expertise, strong IT and data skills, and collaboration across regions. A lengthy background in Life pricing/reserving and IFRS 17 exposure is preferred; hybrid work is offered.

Qualifications

• Solid AXIS model development expertise.
• Knowledge in AXIS/Risk Integrity/IFRS 17 Link/US GAAP Link/R/SQL/Excel/VBA/Business Objects.
• Strong IT and data management skills; reinsurance knowledge is an asset.
• Experience in specification, development and testing of actuarial and data transformation software.

Responsibilities

• Maintain pricing and valuation models using AXIS.
• Track software issues and coordinate with Moody’s for updates and bug fixes.
• Collaborate with IT on infrastructure, licensing, and AXIS-related matters.
• Train and mentor team members in models and tools.
• Promote robust modelling practices across pricing and valuation across regions.
• Ensure model testing and documentation for SOX/audit requirements.
• Coordinate AXIS update implementations with IT and modelers.
• Work with LDTI, IFRS 17, FGAAP, and SII project leads for AXIS extensions.
• Internal Model Development using AXIS as a measurement tool.
• Collaboration with consultants on model migration and modernisation.

Skills

Communication skills

English fluency

Teamwork

Prioritization

Strategic thinking

Education

Actuarial qualification

University degree

Tools

AXIS

R

SQL

Excel

VBA

Business Objects

IFRS 17 Link

US GAAP Link

Job description

Select how often (in days) to receive an alert:

Location: Toronto, ON, CA Dublin, IE Toronto, ON, CA

Company: PartnerRE Ltd. (Test)

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

We are always looking for bright, proactive individuals to join our team!

PartnerRe is an equal opportunities employer.

Compensation and Benefits

The expected base salary range for this position, when hired into our Toronto location, is CAD $184,500 - $225,500per year. For positions based in other jurisdictions, compensation will be determined in alignment with local regulations, market benchmarks, and internal compensation frameworks. The above range reflects the typical base salary range for candidates hired into this position. The actual salary will vary depending on a number of factors, including job location, experience, qualifications, education/training, skills, market conditions, and alignment with the role’s requirements.

In addition to base salary, eligible employees may participate in our annual incentive program, payment under which is at the discretion of PartnerRe and subject to individual and company performance. Eligible employees also have the opportunity to participate in an array of benefits, including medical, dental and vision coverage, a health spending account, a defined contribution pension plan, life insurance, short- and long-term disability coverage, etc.

Working Arrangement

PartnerRe operates with a hybrid work approach that balances in-office collaboration with the flexibility of remote work. Our employees are required to be in the office 3 days a week. Our goal is to create an environment where employees can connect, innovate, and perform at their best.

This position is for an existing vacancy within our organization.

PartnerRe is committed to an inclusive, accessible recruitment experience. Reasonable accommodations for candidates with disabilities are available upon request throughout the hiring process.

About the role:

• Supporting the maintenance of all pricing and valuation models that use Moody’s AXIS actuarial software
• Track software issues and works with Moody’s for software development needs and bug fixes
• Track IT concerns and works collaboratively with IT regarding infrastructure, technology, and licencing matters relating to AXIS
• Participate in the training and mentoring of other team members in the use and development of models and tools
• Helping to implement consistent modelling practices and methodologies across pricing and valuation models and across regions
• Promote communication amongst valuation and pricing modelers to facilitate knowledge transfer and a collaborative environment
• Ensure each product team follows a robust control framework and completes appropriate model testing and documentation
• Contribute to the implementation of sufficient model controls for SOX, internal and external audit requirements
• Analyses of future potential model improvements or updates
• Helping to coordinate Moody’s AXIS update implementations and testing with IT and modeller staff
• Work with LDTI, IFRS 17, FGAAP and SII project leads to understand requirements for the extension of the AXIS valuation models to ensure compliance with the standards.
• Internal Model Development using AXIS as a measurement tool
• Work with consultants to complete final steps of model migration and modernisation

Qualifications:

Technical Skills

• Solid AXIS model development expertise is a requirement.
• Knowledge in relevant software: AXIS/Risk Integrity/IFRS 17 Link/US GAAP Link/R/SQL/Excel/VBA/Business Objects
• Strong product understanding and IT and data management skills;
• Reinsurance knowledge is an asset
• Strongly driven to streamline business processes, with an emphasis on automation and maintainability
• Experience in specification, development and testing of actuarial and data transformation software

Soft Skills

• Organized, able to work in a matrix structure
• Able to set and manage priorities
• Strong communication skills and proficiency in English
• High motivation, team-orientation
• Keen to work with other cultures

Work Experience

• 10 or more years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience.
• Prior experience in the modelling of financial reporting regimes, including USGAAP LDTI, IFRS 17, SII, FGAAP, BMA, MAS, Embedded Value and Internal Capital Models would be advantageous.

Education

• Experienced qualified Actuary or professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering)

Additional Information

#LI-Hybrid:

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.