Purpose of the role 

The role will contribute value to Youi by applying actuarial principles to support key business decisions, with a particular emphasis on reinsurance.

Key priorities 

• Prepare and review data for reinsurance renewals, catastrophe modelling and related requests.
• Improve automation, timeliness and accuracy across reinsurance placement and reporting processes.
• Ensure receipt of signed reinsurance contracts and prepare supporting management papers.
• Maintain counterparty grades, adhere to the Reinsurance Management Strategy and assist with collateralisation and commutations.
• Support drafting of regulatory reinsurance documentation (ReMS, Placement Strategy, ReAS, Reinsurance Declaration).
• Calculate and allocate reinsurance premiums, complete true-ups and process payments.
• Perform monthly reporting to reinsurers, process recoveries and prepare loss notifications.
• Provide actuarial support outside reinsurance (IFRS 17, stress testing, capital modelling, reporting, climate strategy, business modelling, expenses).
• Uphold risk-management practices, compliance requirements and the Actuarial Control Cycle.
• Promote safety, operational efficiency and company values in day-to-day work.

About you 
Experience & Knowledge:

• Bachelor’s degree in actuarial or related field, with progress toward actuarial qualification.
• Minimum 3 years’ actuarial experience in general insurance; reinsurance experience preferred.
• Strong analytical ability with excellent written and verbal communication skills.
• Knowledge of actuarial standards, professional development requirements and IFRS 17 (beneficial).
• Understanding of reinsurance, reserving, pricing and portfolio monitoring links.
• Strong Excel skills and proficiency in at least one programming language (SQL beneficial).
• High attention to detail, strong time management and ability to manage multiple priorities.
• Demonstrated integrity, accountability and adaptability in a fast-paced environment.
• Proactive approach to identifying risks and opportunities with an innovative mindset.
• Effective collaborator with a commitment to continuous professional development.

Location: Sydney office

For more information please reach out to Claire Bodenes (Reinsurance Manager)