Valuation Actuary

About Asteron Life
At Asteron Life, we are here to help customers build bright futures and protect what matters most.

We offer a range of personal insurance products that can help you through just about anything life throws at you.

We work with advisers, so you get expert insurance advice, matching the right insurance you need to help you live life to the fullest.
Why us?
We’ve been supporting New Zealanders for longer than you think: nearly 150 years. Our roots trace all the way back to 1878. Our dedicated claims teams understand what’s at stake for each claim. We had 94% of claims accepted and $121 million paid to customers from 01 July 2022 - 30 June 2023. We do everything we can to make you feel like you matter, because you do. 

The Opportunity   
      

Embark on a fulfilling journey as a Valuation Actuary at Asteron Life, where you will provide crucial actuarial and analytical support, focusing on data preparation, modelling, and financial analysis. Your expertise will be pivotal in profit and statutory reporting, competitor analysis, and industry research. Collaborate with various departments, offering insightful actuarial advice for the development and review of financial and product systems. You will play a key role in ad hoc projects, providing timely and precise analysis to support decision-making.
 

In this dynamic role, you will assist the Life Valuation Manager in supervising and training the team, ensuring a high level of technical and analytical support across multiple actuarial functions. From policy liability valuation and financial reporting to experience investigations and business planning, you will embed IFRS17 into BAU valuation processes while formulating actuarial advice based on rigorous analysis and a deep understanding of the business environment. Your contributions will extend to business units, offering valuable insights and driving the implementation of key initiatives.
 

Asteron Life values continuous improvement and innovation. As a Valuation Actuary, you will identify opportunities for simplification and productivity enhancement, taking ownership of their implementation. With at least five years of experience, a solid grasp of life insurance valuation modelling techniques, and proficiency in Prophet software, you will thrive as an effective team player. Your excellent communication skills, strong analytical abilities, and problem-solving expertise will ensure you deliver results under tight timeframes. Join us and contribute to a positive team culture, fostering capability development through coaching and mentoring.
 

Your Story 
 

Provision of a high level of actuarial, analytical and technical support, as directed, primarily in respect of (by not limited):

• Policy liability valuation and associated financial reporting

• Other regular actuarial and statistical reporting and business planning

• Experience investigations and ad hoc investigations when required

• Embedding of IFRS17 into the BAU valuation processes.

• Formulation of statistical and actuarial advice based on results of analysis and knowledge of the business environment

• Provision of business insight to other business units

• Ownership of key initiatives in respect of implementation and communication of outcomes to Actuarial teams and to the business more broadly

• Identify opportunities for simplification, continuous improvement and improved productivity, and take ownership for the implementation of these opportunities

• Appropriately consider Asteron Life’s strategy and risk policies and frameworks and industry/regulatory requirements in all activities and decisions.

• Assist with developing the capability of others through effective coaching and mentoring

• Support managers in fostering a positive team culture
   

Skills

• Life Insurance valuation modelling techniques

• Understanding of insurance accounting and valuation standards, including IFRS17

• An effective team player

• Excellent communicate skill (oral & written)

• Ability to deliver results under tight timeframes

• Ability to manage small projects independently from start to end

• Strong analytical and problem solving skills

• Computing skills and knowledge of spreadsheets, databases and data structure

• Proficient in Prophet software.

Critical Skills

At Asteron Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analysing data and problem-solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

What Will We Do For You:
We offer the freedom to work in a flexible environment, we respect and encourage diversity, and we offer opportunities for training and career advancement.

We believe that every day is an opportunity to grow – and we hope to offer our people a career, not just a job. 
The learning and development opportunities we have include supporting the completion of executive-level short courses, access to leading online learning tools, on the job training, and mentoring by highly experienced business leaders.
Join us
Before commencing employment in this role you will need to provide two references, full working rights and complete police and credit checks through an online provider.
As an equal opportunity employer strongly committed to working in a diverse and inclusive workforce you will be provided with any support or accessibility requirements throughout your interview process. Please feel free to contact our Talent Team directly at [email protected].
Proud  to be part of Resolution Life.
Resolution Life is a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies.

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