Risk Modelling Actuary

4 weeks ago

Toronto ON, Canada Partner Reinsurance Company Full time

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.
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. 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 licensing 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
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.
Experienced qualified Actuary or professional with university degree in relevant field (Actuarial, Statistics, IT, Engineering) with 10 or more years working experience in Life reserving or pricing in the (re)insurance field, or related actuarial experience. Solid AXIS model development expertise is a requirement.
Technical skills:
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
Strong communication skills and proficiency in English
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best.

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