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Jobs in Malta

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Insurance Statistical Analyst

  • Full Time
  • Malta
  • DOE
  • Insurance
  • Apply By: May 19, 2023

JOB ID: 40910

Required Skills
Attention to Detail Microsoft Office Organisational and Time Management Teamwork Written and Oral English Communication
Job Description

Job Description

Company Introduction

Our client is a leader in the insurance industry.

Job Responsibilities and Duties

  • Monthly closing & quarterly reporting;
  • Review closing file calculations;
  • Review calculations of bordereaux for reinsurance, co-insurance and campaign products handled manually;
  • Perform the Underwriting Conditions Controls on a quarterly basis;
  • Update the Risk Management Reporting and Risk Appetite reports on a quarterly basis;
  • Lead the Dry-Run and Hard Close & review the Reserve Reports prepared by the Actuary;
  • Contribute to the up-keep of the insurance product library;
  • Review of MP forms and their product summaries ensuring consistency of data between both;
  • Lead the actuarial aspect of internal and external audits;
  • Provide documentation required by auditors;
  • Attend meetings requested by auditors;
  • Ensure to adhere to and close on time any recommendations raised by auditors;
  • Review the calculations of the Best Estimate, Life Underwriting Risk, Non Life Underwriting Risk and Health NSLT Cat risk;
  • Prepare the Risk Management Committee material, present the results of the Best Estimate of the previous quarter during the committee and contributing to the minutes after the committee takes place;
  • Review the calculations for the Own Risk & Solvency Assessment (ORSA) for all the companies;
  • Update the ORSA reports with the results of the calculations as well as the narrative where necessary and update reports following Actuary’s recommendations;
  • Assist in the actuarial aspect of IFRS17;
  • Assist in data preparation for the IFRS17 tool;
  • Assist in testing of IFRS17 tool;
  • Contribute to meetings & discussions on IFRS17 methodology;
  • Assist on any requests received from the regulator / auditors.

Experience

  • Hold a University Degree in Mathematics, Insurance or Statistics;
  • Experience in an insurance environment is a plus;
  • Fluency in English and any relevant European language;
  • Knowledge in Microsoft Office tools especially Excel. 

Personal Skills

  • Be reliable and diligent in the processes and tasks assigned;
  • Have the ability to work independently and as part of a team.