Actuary, Strategic Capital

Company Description

Welcome to This Australian Life. 

From the millions of Australians we protect, to those that make it happen every day at TAL, people really are what we’re all about. We want to grow with you. Achieve with you. And support you to do your best work. That's why we're focused on developing leadership, promoting diversity, rewarding excellence and retaining great talent.

We're always looking for people who want to go further with us. People who do what’s right, aim high, and work smart. Why not see where we can go?

Job Description

This role is primarily responsible for providing support to the Head of Strategic Capital and Commercial Solutions to initiate, develop and ultimately execute value adding activities. You will contribute to the Strategic Capital team to implement TAL's capital management strategy including providing recommendations to the EGM Commercial Solutions, CFO and Board on all aspects of capital management.

You will contribute in providing financial assessments (profit, capital, value) for finance led reinsurance initiatives or otherwise work with the business to develop such assessments, including potential risks. You will contribute to the execution and appropriate governance of such strategies.

You will contribute to the development of initiatives that enable reinsurance to be optimised from a capital and value perspective. This may involve participating in discussions on new reinsurance initiatives with external parties, relationship management, transaction coordination and finalisation, risk management and monitoring. To be clear, the role does not include the day to day operational management of reinsurance premium payments and claim collection.

You will contribute to capital management activities including recovery planning, stress testing, forecasting and dividend approvals.

You will contribute to the Commercial Action Plan (CAP) activities and liaise and support finance and the business in developing, planning, executing and reporting on CAP initiatives. 

Your responsibilities will include contribution to strategy, and underlying financial analysis related to the following areas:

• Strategic direction for TAL's capital management 
• Development of capital related initiatives in conjunction with the business and Finance
• Development and regular updates to the CAP 
• Participating in developing and syndicating potential reinsurance initiatives that add value and sit within TAL's risk appetite
• Reinsurance strategy
• Reviewing and influencing the development of reinsurance treaties including termination of treaties 

Qualifications

• Strong Knowledge of Life Insurance Capital or Valuation 
• Ability to work independently and use initiative to source and apply underlying data information for analysis
• Ability to develop strong relationships across the wider actuarial teams within TAL Finance and the business
• Strong Financial modelling experience.
• Strong ability to communicate and to articulate complex concepts.
• Strong understanding of financial and operational risk management
• Time management and prioritisation skills essential.
• Proven ability to investigate and resolve complex issues. 
• Attention to detail.
• Strong initiative, in particular with respect to developing new ideas and concepts for practical application.
• Qualified Actuary

Additional Information

At TAL we value diversity in all its forms and are committed to fostering an inclusive and equitable culture for all our people. We encourage Aboriginal and Torres Strait Islander people, individuals from all backgrounds, including those with caring responsibilities, people living with disability, and individuals from the CALD and LGBTQI+ communities to apply. Even if you don’t check every box in the criteria above, we encourage you to apply today or get in touch with us here.

To provide you with the best experience, we can accommodate you at any stage of the recruitment process. Simply inform our Recruitment team at any time.

TAL is recognised by the Workplace Gender Equality Agency as an Employer of Choice. We are proud to be a member of Diversity Council Australia and the Australian Network on Disability. For information on our reconciliation journey, take a look at our Innovate Reconciliation Action Plan.

We acknowledge the Traditional Custodians of the Land in which our Head Office is based, the land of the Gadigal people of the Eora Nation, and recognise their deep connections to the land, sea, and culture.
We extend this acknowledgment to the many Traditional Lands that we operate across and pay our respects to Elders past, present, and emerging.

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.

If you are already a TAL employee please apply via the SmartRecruiters button in Workday and navigate to the Employee Portal. This is important to ensure that your application is recorded accurately.