Actuarial Analyst I

About the role

The purpose of this role is to support the Property Pricing Team within the Actuarial Department by performing basic actuarial calculations, extracting and reviewing data, and assisting with business planning and analysis under close supervision. The role aims to contribute to the monitoring of financial programs, providing quantitative information to aid in making sound business decisions and ensuring prudent strategic planning.

Responsibilities

• Ensure accurate data is used for analyses by adopting appropriate systems and procedures.
• Comply with documentation of key processes, policies, legal requirements, and actuarial standards.
• Support forecasting of technical provisions, reserve margins, and uncertainties for business analysis.
• Assist in the development of pricing tools, rates, and premium methods to ensure robustness.
• Support business planning processes by collecting and analysing information effectively.
• Analyse reinsurance options to optimise purchases for the business.
• Assist in determining the capital needs of the business and developing relevant reports.
• Build and maintain relationships with internal and external stakeholders to enhance customer focus.
• Provide underwriting statistics and performance monitoring for accurate management information.
• Support in modelling and analysing risk aggregation to manage exposures appropriately.

Requirements

Necessary: Some relevant work experience.

Preferred: Experience in the Insurance Industry; experience working within the Actuarial function in a multinational financial services business.

Qualifications

Tertiary Degree or equivalent combination of education and work experience.

Skills

• Actuarial Science
• Analytical Thinking
• Commercial Acumen
• Communication
• Critical Thinking
• Financial Management
• Financial Modeling
• Financial Products
• Financial Risk Management (FRM)
• High Accuracy
• Intentional collaboration
• Managing performance
• Problem Solving
• Stakeholder Management
• Technical Consulting

Benefits

• Hybrid Working – a mix of working from home and in the office
• 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
• Competitive 401(k) program with company match up to 8%
• Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
• Tuition Reimbursement for professional certifications, and continuing education
• Employee Network and Community – QBE actively supports six Employee Networks, and many ways to give back to your community

Pay

The salary range for this role is $64,000.00‑$96,000.00.

Schedule

Full time, Hybrid work arrangement.