Reserving Actuary

The opportunity

The EY Malta Assurance Department specialises in delivering high quality and efficient audit and advisory services to a portfolio of clients, understanding the enterprise-wide view of business risk and how this risk can be effectively managed. We use state-of-the-art diagnostic tools to evaluate business processes and controls, and advanced technology in knowledge sharing.

Responsibilities:

• Advising clients on their reserving processes and how they can be improved;
• Producing reporting that will be included in management reports in respect of product profitability and performance of client’s lines of business;
• Assisting clients to assess the quality of the organization’s data and management information that is used as inputs in the reserving models;
• Advising clients involved in mergers and acquisitions including purchase of portfolios or insurance business in run-offs;
• Assisting clients in the quarterly and annual Solvency II reporting, including the derivation of the BEL;
• Independent calculation of technical provisions in line with the local GAAP for clients subcontracting their reserving process;
• Measuring the insurance contract liabilities in line with the requirements of IFRS 17.

Skills and attributes to success: 

• Strong analytical and mathematical/statistical skills;
• Good communication (verbal and written) skills;
• Proven interpersonal skills and ability to share knowledge;
• Ability to work independently and to demonstrate initiatives and commitment to assigned projects; 
• Appetite for hands-on technical actuarial work;
• Build client relationships, be able to understand their motivations, business needs and requirements.

Qualifications and Experience

• A degree and Fellowship from the Institute and Faculty of Actuaries or other internationally recognized professional actuarial association. Candidates with a degree and partial qualification (IFOA Associate) from the Institute and Faculty of Actuaries may be considered;
•  Successful track record in general/non-life insurance;
• Experience in non-life pricing;
• Experience in SQL, excel and ideally possessing programming experience.

Want to learn more? 

If you think you fit the role, our team would be happy to talk to you. Apply today using the link on this page or contact careers@mt.ey.com for further information or questions on the role and recruitment process. We’ll do our best to get back to you as soon as possible. 

About EY

EY is a leading global professional services organisation employing 250,000 people in 150 countries. Join us now and you could grow with us and help us build a better working world. How far you go is up to you. It starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. We value the diversity of our work force and the knowledge of our people. Whenever you join, however long you stay, the EY experience lasts a lifetime.