Actuary, Investigations

Apply now Job no: 610194
Work type: Permanent Full Time
Location: Sydney
Categories: Actuarial

Actuary, Investigations – AMP Life  

AMP Life is Australia and New Zealand’s largest life insurer, with assets of over $31bn and over 2.4 million customers. AMP Life is transitioning its business model to be an in-force specialist life insurer, with a focus on providing existing customers in Australia and New Zealand with risk insurances (income protection, disability and life), traditional life insurances and mature life insurance investments.

We are a customer centric and deeply human organisation and we work to help our customers realise their best life. We focus on the customer experience, retention, investment outcomes, and running an efficient business model to drive customer advocacy and profitable performance outcomes. In 2019, it is planned that AMP Life will be sold by AMP to Resolution Life, a global in-force life insurance specialist.

About the role

The Actuary, Investigations will report to the Deputy Chief Actuary, Business Management and Investigations. The purpose of this role is to provide the Deputy Chief Actuary, Business Management and Investigations with analysis and insights on key portfolios within the AMP Life business.

Key Responsibilities

  • End-to-end experience investigations, recommending best estimate assumptions and capital margins
  • Analysis, advice and insights that will be delivered to the Insurance Leadership Team (ILT), their direct reports and executives in order to drive business performance.
  • Development of enhanced experience investigation infrastructure, protocols, processes and linkage with monthly reporting to provide comprehensive integrated analysis, advice and insight
  • Development of improved data solutions and tools to streamline current data analysis, while fostering consistency and synergies with the data analytics capability across the wider AMP Life
  • Providing guidance to analysts within the Business Management and Investigations team
  • Supporting the Deputy Chief Actuary, Business Management and Investigations as required
  • Support experience investigations for AMP Life and assist with the production of assumption recommendations, including mortality, morbidity, lapse and expense assumptions.
  • Engagement with Finance, IT and business areas regarding emerging experience and insights.
  • Build strong relationships with the Group Actuarial and Finance teams as well as the teams in each of the operating business areas and divisions.
  • Development/enhancement of existing processes regarding actuarial and non-financial data, and ensuring they deliver to customer requirements, and provide the insights necessary to drive outcomes.
  • Work with portfolio and other teams to deliver consolidated automated reporting

Capabilities & Experience

  • An understanding of the Insurance business, its products and key drivers of profitability and returns
  • Strong interest in engaging with stakeholders from across the business to identify and explore business issues and opportunities
  • Ability to review reasonableness of output and apply judgment - balance the need for focus on the “big-picture” with the required attention to detail and delivering high quality information
  • Ability to communicate concisely, in a clear and effective way, both verbally and in writing throughout all levels of the organisation
  • Capacity to constructively challenge both business and finance leaders, where appropriate
  • Ability to apply good commercial judgement
  • Strong technical skills and the ability to develop logical solutions to new problems
  • Ability to work under pressure and meet deadlines
  • Ability to plan, organise and lead pieces of work
  • 3+ years post qualification experience in a broad range of roles.
  • Experience in the Insurance industry and specifically the Retail and Group Life and Disability markets
  • Experience in managing pieces of work to required deadlines and reviewing deliverables
  • Experience in the use of liability valuation tools (e.g. Prophet and DCS) is preferred but not essential
  • Strong understanding of the products and systems within the AMP Group is advantageous but not essential
  • Experience working with large and complex data sets and the development and implementation of data tools and solutions is advantageous but not essential
  • Experience in the use of SQL is advantageous but not essential
  • Experience in the use of SAS/R or similar is advantageous but not essential
  • Strong understanding of the actuarial aspect of Life Insurance Act 1995, APRA Prudential Standards and related regulations
  • Experience in managing pieces of work to required deadlines and reviewing deliverables
  • Proven ability to work proactively with a strong use of initiative
  • FIAA or equivalent preferred

Inclusion & Diversity

AMP Life recognises individual differences and welcomes people from a variety of life and work experiences. The diversity of our people is core to our ability to innovate, grow and to fulfil our collective aspiration of helping people to own their tomorrow. A natural curiosity, a respect for differences and a growth mindset are valued at AMP Life.

Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Daylight Time

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