Assistant Manager/Senior Executive, Actuarial (Par Fund Management)

Key Responsibilities

• Support the management of participating funds, including bonus investigations, recommendation analysis, and bonus implementation.


• Perform experience studies, financial impact assessments, and analyses to support bonus declaration and participating fund management decisions.


• Maintain and enhance the participating fund governance framework and support its effective application across the participating portfolio.


• Prepare actuarial analyses, management reports, and committee papers relating to participating fund management activities.


• Support the team lead in participating fund initiatives, regulatory exercises, and strategic projects.


• Contribute to process improvement, automation, and data analytics initiatives to enhance actuarial efficiency and insights.


• Collaborate with stakeholders across Actuarial, Finance, Risk, Product, and other business functions.


• Participate in ad hoc assignments and projects in line with departmental priorities.


• Ensure deliverables are completed accurately, timely, and in accordance with internal governance standards, regulatory requirements, and industry guidelines.

Requirements

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.


• Progressing towards a professional actuarial qualification (SOA, IFoA, Institute of Actuaries Australia, or equivalent).


• 2–5 years of actuarial work experience, preferably with exposure to financial reporting, participating business, valuation, or capital management.


• Strong analytical and problem-solving skills with attention to detail.


• Proficiency in actuarial modelling, data analysis, and Microsoft Excel; experience with actuarial systems or programming tools (e.g., Prophet, Alteryx, VBA) is an advantage.


• Ability to communicate technical concepts clearly and concisely to both technical and non-technical stakeholders.


• Self-motivated with the ability to work independently while collaborating effectively within a team environment.


• Adaptable and open to change, with a willingness to learn new technologies and explore innovative ways of working.