Associate Actuary, Reinsurance Operations Analytics | PGIM Ireland

Ireland·Letterkennymid

AnalyticsData & AI

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Quick Summary

Key Responsibilities

Perform actual-to-expected analyses of key policyholder experience and reinsurance cash flows, including Investigation of material variances and emerging trends.

Requirements Summary

Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative discipline. Significant progress toward, or completion of, a recognized actuarial qualification.

Technical Tools

AnalyticsData & AI

Responsibilities

~2 min read

→Perform actual-to-expected analyses of key policyholder experience and reinsurance cash flows, including Investigation of material variances and emerging trends.
→Assess the reasonableness of reinsurance settlement amounts, including their consistency with relevant policy, actuarial, and financial information, and investigate significant or unexpected items.
→Prepare and analyze PHAB roll-forwards, assess the reasonableness of key movements and components, and investigate material or unexpected variances.
→Review in-force data for reasonableness and consistency with reinsurance settlement data, and investigate material differences as appropriate.
→Identify potential data, model, assumption, or process issues observed through actuarial analysis and coordinate appropriate investigation and follow-up with relevant stakeholders.
→Own the production, interpretation, and continuous improvement of recurring actuarial analyses and reporting, and perform ad hoc actuarial analyses to support emerging business needs, issue investigation, and management inquiries.
→Partner with Valuation and other actuarial teams to understand expected results, assumptions, and model outputs required to interpret actual experience.
→Work closely with Finance and other stakeholders to communicate findings, resolve identified issues, and determine appropriate follow-up actions.
→Synthesize analysis into clear insights for management, including prioritization of key drivers, issues, and recommended follow-up actions.
→Develop and enhance analytical tools and processes using Excel, Microsoft Access, and other technologies, while supporting the design, testing, and implementation of future automation solutions.
→Maintain appropriate documentation, controls, and review procedures for recurring actuarial analyses and reporting.

Requirements

~1 min read

Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative discipline.
Significant progress toward, or completion of, a recognized actuarial qualification.
5+ years of relevant actuarial experience in life insurance, with a strong understanding of actuarial concepts and insurance cash flows.
Experience analyzing actual insurance or reinsurance results, including actual-to-expected analysis, investigating material variances, and identifying underlying drivers.
Experience working with policy-level or other large insurance datasets, with strong analytical and problem-solving skills.
Advanced proficiency in Microsoft Excel and the ability to analyze and reconcile data from multiple sources.
Ability to communicate actuarial analyses, findings, and potential issues clearly to both technical and non-technical stakeholders.
Strong attention to detail and ability to manage recurring analytical deliverables while collaborating effectively with Actuarial, Finance, and other stakeholders.

Nice to Have

~1 min read

Experience with life reinsurance and/or retrocession.
Experience analyzing Japanese life insurance business.
Experience with actuarial modeling software such as PolySystems, and familiarity with the relationship between model assumptions, expected cash flows, and actual results.
Experience with VBA, Microsoft Access, Python, SQL, Power Query, or similar analytical and automation technologies.
Experience developing, enhancing, or automating recurring actuarial analyses and reporting.
Japanese language skills.

What We Offer

~2 min read

✓Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.

✓Annual Leave of 23 days at full pay.

✓Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.

✓Annual Bonus Programme & Shop LK Vouchers / CleverCards (subject to eligibility): Along with an annual bonus employees are rewarded with Shop LK Vouchers/ CleverCards which are paid tax free.

✓Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.

✓Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.