Portfolio Actuary - Individual Life Pricing and Value

Company Description

Welcome to This Australian Life. 

From the millions of Australians we protect, to those that make it happen every day at TAL, people really are what we’re all about. We want to grow with you. Achieve with you. And support you to do your best work. That's why we're focused on developing leadership, promoting diversity, rewarding excellence, and retaining great talent.

We're always looking for people who want to go further with us. People who do what’s right, aim high, and work smart.  Why not see where we can go?

Job Description

This role offers a unique opportunity to join TAL’s Individual Life Pricing and Value team, where you will lead and support strategic pricing initiatives to manage the value of heritage portfolios across Retail and Direct channels. Responsibilities include designing and delivering pricing initiatives for inforce business, ensuring product and pricing sustainability, and maintaining the portfolio and pricing capabilities. Success requires strong collaboration with internal stakeholders, including operational and remediation teams, as well as excellent analytical and problem-solving skills and a deep understanding of Life Insurance products, pricing, regulatory environment, and industry issues.

In this role you will: 

• Leading and driving pricing analysis and insight across a range of inforce propositions, ensuring that TAL’s Individual Risk products maintain the appropriate balance of market attractiveness, customer benefit and target profitability metrics
• Analysing claims, lapse and sales data in the setting of assumptions and premium rates and to assist with producing business insights and design of business initiatives
• You will be accountable for the provision of detailed technical analysis as the pricing lead on remediation activities – a comprehensive, ongoing program of varied work that will span a range of products, issues and stakeholders.
• Producing quotes and other ad hoc actuarial calculations to provide technical assistance to the business
• Proactively develop solutions to improve the automation and efficiency of manual calculations, and articulate the business benefits
• Review core documentation (policy documents, marketing material, commercial agreements with third parties e.g. reinsurers) for accuracy, transparency and risk management.
• Support a highly collaborative team environment and create opportunities to share knowledge between peers and colleagues.
• Provide a range of technical assistance to the broader Pricing and Value team in the support of strategic initiatives.

Qualifications

• Ability to solve complex commercial and actuarial problems and a natural desire to think laterally. 
• Relevant tertiary qualification (e.g. Actuarial, Statistics, Mathematics, Engineering).
• Minimum 3 years’ working experience in pricing or valuation of life insurance individual risk products in Australia.
• FIAA or qualified actuary of a recognised actuarial body required. Candidates close to qualification with strong working experience will be considered as well.
• Ability to understand technical analysis and learn quickly.
• Ability to work and communicate effectively with others and manage stakeholders, including less technical colleagues.
• Experience with a range of tools and applications including Microsoft Office Suite, Prophet, SQL, VBA and R.
• A strong track record of thoughtful, innovative and well-executed work.
• Knowledge of the current regulatory and commercial operating environment for Australian Individual Risk business, both advised and direct, strongly preferred.

You’re always accountable for your actions. You never give up. You strive to find the best outcomes for customers and partners. And you value working together to find the best solutions for problems. 

As part of the recruitment process, there are a number of checks which may be conducted to demonstrate your eligibility for a role at TAL including Criminal History, Bankruptcy, Entitlement to Work, Regulatory and Reference Checks.

Additional Information

At TAL we value diversity in all its forms and are committed to fostering an inclusive and equitable culture for all our people. We encourage Aboriginal and Torres Strait Islander people, individuals from all backgrounds, including those with caring responsibilities, people living with disability, and individuals from the CALD and LGBTQI+ communities to apply. Even if you don’t check every box in the criteria above, we encourage you to apply today or get in touch with us here.

To provide you with the best experience, we can accommodate you at any stage of the recruitment process. Simply inform our Recruitment team at any time.

TAL is recognised by the Workplace Gender Equality Agency as an Employer of Choice.  We are proud to be a member of Diversity Council Australia and the Australian Network on Disability. For information on our reconciliation journey, please read our Innovate Reconciliation Action Plan.

We acknowledge the Traditional Custodians of the Land in which our Head Office is based, the land of the Gadigal people of the Eora Nation, and recognise their deep connections to the land, sea, and culture.
We extend this acknowledgment to the many Traditional Lands that we operate across and pay our respects to Elders past, present, and emerging.

#LI-Hybrid

Everyone at TAL has a responsibility to do the right thing and is accountable for the way they conduct themselves. Our expectations are that you follow the principles set out in our Code of Conduct when you come to work every day. Risk management is everyone’s responsibility.

If you are already a TAL employee please apply via the SmartRecruiters button in Workday and navigate to the Employee Portal. This is important to ensure that your application is recorded accurately.