Actuarial Analyst

Roles and responsibilities

The Senior Actuarial Analyst will work on different areas of actuarial practice related to the Underwriting Department (for Health Reinsurance business mainly) using actuarially and statistically accepted methods. They will have to work closely with different members of the team, and they will be supervised by both the Actuarial Assistant Manager(s) and the Actuarial Manager. They are expected to work at times independently under little guidance and other times under more supervision and detailed guidance, depending on the nature of the project.

What you do

The Senior Actuarial Analyst is expected to work on different types of projects and tasks handled by the Actuarial team, which includes, but is not necessarily limited to the following:

• Developing, testing and maintaining the pricing tools used by internal and external underwriters
• Maintaining and enhancing the other models and tools used in the department
• Assisting in the reporting of reinsurance statements
• Analyzing reinsurance treaties – new opportunities and renewals
• Carrying out pricing exercises and setting the book rates for different products and markets
• Portfolio monitoring & profitability analysis
• Assisting in underwriting and pricing large policies / special arrangements
• Carrying out experience analyses
• Assisting in the reserving exercises

When carrying the different types of tasks, they are required to:

• Maintain proper documentation of all work performed and prepare manuals / technical sheets when needed (products developed, tools created…)
• Adhere to professional standards (including at the time of communicating findings and recommendations to colleagues, management, or clients)

What you bring

• Bachelor’s degree; Certification in Actuarial Science background preferred
• 4 years of relevant experience, including in particular health insurance. Good knowledge of reinsurance principles is a plus.
• Fluency in English.
• High analytical skills and numerical ability, including analyzing and interpreting complex data
• A high degree of proficiency and experience in Excel and in VBA (or other programming languages like R and SQL) are required. Experience in Alteryx is a plus.
• Legally permitted to work in the country of operations

What you offer

• Strong attention to detail
• Strong project management and time management skills
• Ability to work under pressure and meet tight deadlines
• Ability to work independently
• High level of discretion in dealing with and handling confidential information
• Ability to collaborate with other teammates at all levels and maintain a strong team spirit

Desired candidate profile

• Mathematical and Statistical Expertise:

  • Strong knowledge of probability, statistics, and financial mathematics to create accurate models and assess risk.
  • Proficiency in statistical software and programming languages (e.g., R, SAS, Python, Excel, SQL) for data analysis and modeling.

• Actuarial Knowledge:

  • Deep understanding of actuarial principles and methodologies, including life insurance, health insurance, pension plans, and general insurance.
  • Familiarity with industry-specific actuarial practices, such as reserving, pricing, and asset-liability management.

• Data Analysis and Interpretation:

  • Strong analytical skills to process, clean, and interpret large datasets.
  • Ability to identify trends, correlations, and anomalies in complex data to provide actionable insights.

• Financial Acumen:

  • Solid understanding of financial statements, balance sheets, and income statements to assess the financial impact of actuarial models and decisions.
  • Knowledge of financial principles, including time value of money, discount rates, and capital allocation.

• Problem-Solving and Critical Thinking:

  • Ability to solve complex problems using quantitative and qualitative methods.
  • Strong decision-making skills to evaluate and choose the most appropriate actuarial models, methodologies, and assumptions.

• Communication Skills:

  • Ability to communicate complex actuarial findings to non-actuarial colleagues and stakeholders clearly and effectively.
  • Excellent written and verbal communication skills to present findings, prepare reports, and provide recommendations.

• Project Management Skills:

  • Ability to manage multiple actuarial projects and deadlines effectively.
  • Experience with project planning, resource allocation, and time management to ensure that deliverables are met on schedule.

• Attention to Detail and Accuracy:

  • High level of accuracy in calculations and data analysis to ensure that actuarial assumptions and results are reliable and error-free.