Senior Reserving Actuary

**Senior Reserving Actuary**

This role is based on-site in Malta (EU) and will require relocation to commence work. Visa & Work permit will be sponsored by the employer where required.

**The Employer**:
We are a dynamic and innovative insurance company, specializing in tailored solutions for brands, companies, and broker networks in both Life and Non-Life Insurance. With steady growth over the last 16 years, we have become a prominent player in the international market, spanning seven European countries.

We foster a culture of responsibility and provide a supportive environment for professional growth, leveraging our small size locally to offer significant opportunities. As a key player within the Insurance business line and proudly associated with industry-leading groups, we are both demanding and a source of vast opportunities. Over the years, we have established ourselves as the preferred partner for large retailers within the Group.

**Role Summary**

The Senior Reserving Actuary will oversee the reserving function for various lines of business, taking ownership of reserve studies, regulatory compliance, and collaboration with cross-functional teams. In this high-impact role, you will contribute to financial stability, ensure reserve accuracy, and engage with departments including Finance, Underwriting, and Claims to drive insights and decisions.

**Key Responsibilities**
- **Contribute to Costing and Reporting**: Challenge costing accuracy, contribute to reporting, and deepen understanding of liability reinsurance. Develop insights that shape reserve decisions and financial strategy.
- **Maintain Reserve Integrity**: Ensure comprehensive and accurate reserve calculations and communicate findings effectively to stakeholders, building a strong foundation for financial accounts.
- **Collaborate Cross-Functionally**: Regularly interact with Underwriting, Claims, Technical Accounting, and Finance teams, as well as senior management, to build long-term, trustful relationships and support a shared understanding of reserve methodologies.
- **Support IFRS Transition**: Play a key role in the transition to IFRS accounting standards and ensure seamless integration of actuarial insights into reporting structures.
- **Project Management and Systems Development**: Lead or contribute to actuarial-related projects and systems development to enhance reserving accuracy, methodologies, and team efficiency.
- **Mentorship and Training**: Provide guidance to junior team members, helping them develop their actuarial expertise and contributing to a culture of growth and knowledge-sharing.
- **Departmental Support**: Assist the Head of Actuary in various tasks as required within the actuarial department, contributing to overall team success and strategic planning.
- **Educational Background**: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- **Experience**: 5+ years of actuarial experience, with a strong focus on reserving in the insurance industry.
- **Technical Skills**: Proficiency in actuarial reserving methodologies, stochastic modeling, and predictive analytics, along with expertise in actuarial software (e.g., [list software]) and strong Excel skills.
- **Regulatory Knowledge**: Familiarity with regulatory frameworks such as IFRS 17 and Solvency II.
- **Soft Skills**: Excellent analytical, problem-solving, and communication skills, with a demonstrated ability to explain complex data and influence decision-making.

**Soft Skills**:

- Excellent interpersonal skills, adept at connecting with individuals from diverse backgrounds.
- A balance of technical acumen and a genuine interest in human relationships.
- Proven ability to suggest and implement new processes.
- Strong analytical and goal-oriented mindset.
- Assertive yet skilled in building trust and relationships.
- Proactive in identifying issues and proposing viable solutions.
- Recognizes the value of collaborative efforts in achieving outstanding results.
- Adaptable to our evolving professional and cultural environment.

**Terms of Employment**:

- Indefinite contract.
- Offices based in Sliema, Malta.
- Salary commensurate with experience, profile, and qualifications.
- Health insurance provided.
- Remote working policy in place.

Join us in an environment that values your expertise and encourages collaboration, offering a platform for both professional and personal growth.

**Job Types**: Full-time, Permanent
Status: Cadre

Application Question(s):

- What are your net monthly salary expectations (after tax is paid):

- What is your starting availability / notice period:

- Are you willing to relocate to Malta (EU) for this position? Visa & Work permit will be sponsored where required.
- Have you obtained a degree in Mathematics, Statistics, Computer Science, Economics or Financial Risk Management?
- What is your current gross annual salary ?

**Experience**:

- Reserving: 5 years (required)
- Database access: 5 years