Graduate Actuarial Analyst
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Permanent opportunity, full time or part time position (flexible to accommodate your studies)
Great CBD location
Victorian Managed Insurance Authority (VMIA) is a statutory body established as the captive insurer for Victoria. We provide risk management advice and support to Government departments, statutory authorities, infrastructure, health services and other similar clients. Our vision is to help build a safe, strong, resilient Victoria.
About the role:
VMIA is looking to expand its Analytics and Actuarial team through the addition of a Graduate Actuarial Analyst, with the role to commence in mid-2016. Working under the mentorship and guidance of the team’s more experienced actuarial staff, the key responsibilities of the Graduate Actuarial Analyst will include:
- Assisting in the annual premium pool calculation and allocation activities of the team and providing fair and accurate pricing for new business and changes to existing policies;
- Providing analysis to support the half-yearly actuarial valuation; Providing actuarial advice and support to stakeholders on claims reserving, reinsurance, capital management and the actuarial aspects of financial reporting;
- Developing and maintaining reports to monitor key actuarial valuation and pricing assumptions; and
- Drawing insights from actuarial reports to assist stakeholders in their interpretation.
As this role is being offered at a graduate level, a key focus will initially be on learning and development, both through on-the-job experience and additional training activities. As the skills and capabilities of the Graduate Actuarial Analyst grow, so too will the responsibilities associated with this role. It is expected that the Graduate Actuarial Analyst will continue studying to become a Fellow of the Institute of Actuaries of Australia (FIAA) and this will be supported through VMIA’s Study Assistance program.
- Completion of tertiary qualification in a quantitative discipline (e.g. actuarial studies, mathematics, statistics, etc) within the last two years or expected completion by the end of 2016;
- Completion or near completion of the Part I examinations of the Institute of Actuaries of Australia (or equivalent) and the intention to continue studying towards becoming a Fellow of the Institute of Actuaries of Australia (FIAA);
- Strong written and verbal communication skills, including the ability to communicate technical concepts to a non-technical audience; Knowledge of statistical data analysis techniques;
- Ability to draw insights and recommendations from data;
- Experience with Microsoft Office applications, including proficiency in Microsoft Excel;
- Working knowledge of an analytical programming language, such as SAS, R or Python, is desirable;
- Work experience in an actuarial role will be highly regarded, but is not essential.