We are seeking an Actuarial Lead to join our dynamic actuarial team at VMIA. Your insights will directly impact the financial performance and organisational outcomes of Victoria's own State insurer, making your work both challenging and rewarding.
Actuarial Lead Ongoing opportunity at Victorian Management Insurance Authority (VMIA) We are seeking an Actuarial Lead to join our dynamic actuarial team at VMIA. Your insights will directly impact the financial performance and organisational outcomes of Victoria's own State insurer, making your work both challenging and rewarding.
Competitive salary Hybrid working (minimum two days per week in the office) Melbourne CBD close to Flinders Street station Ongoing, full-time opportunity Your role Are you looking for a senior actuarial role in a Melbourne-based insurer with purpose?
You will join a small team of talented and friendly actuaries and actuarial analysts doing the in-house actuarial work for the Victorian State Government's insurer. This involves the actuarial pricing, portfolio analytics, claims dashboarding and capital management work for a broad range of insurance classes, from property and professional indemnity to cyber and construction (and more). The broad range of insurance classes arise from the places which make Victoria great, including the State Library of Victoria, the Metro Tunnel, and the Royal Melbourne Hospital, to name just a few.
You will be working at a Victorian Government agency with almost 250 staff, which insures over $200 billion of assets and insurance liabilities of over $3 billion.
Through a senior role in a medium-sized general insurer, you will work with senior stakeholders throughout the organisation. This will include meaningful opportunities to closely engage with these stakeholders to undertake regular work, projects and present at committees and working groups. Due to the diversity and complexity of risks covered by VMIA, you will be using your actuarial skills to help the organisation to solve complex and contemporary insurance matters.
This role reports to the Head of Actuarial Services.
Key responsibilities You manage the delivery of regular annual work undertaken by the Actuaries Services team. This includes planning, execution, peer review, feedback to other team members and presentation of results to stakeholders. You provide support and subject matter knowledge and advice to key stakeholders, including the finance, underwriting, claims and product development teams. You manage the delivery of ad hoc requests and projects supported by the Actuarial Services team. This includes pricing new business, changes to existing policies, client deductible reviews and the design of new insurance solutions. You seek to continuously improve the way the Actuarial Services team delivers its work, including maintenance of actuarial models, analyses, and data processes with support from the team. About You You have advanced communication and interpersonal skills and the ability to positively engage and influence stakeholders, including the ability to communicate technical concepts to a non-technical audience. You have demonstrated capability for strategic and conceptual thinking and planning. You have at least 5 years' experience in an actuarial role (general insurance and/or reinsurance industry preferred). You have at least 2 years' experience managing projects and/or people. You have proven solid programming experience. Experience with R and Snowflake are preferred but not necessary. You are self-driven and a good team player and aspire to coach fellow team members and enhance actuarial skillset of the team. Qualifications