Description:
This role is accountable for leading reinsurance strategy, capital initiatives, simplification, business change and efficiency initiatives relating to reinsurance.
What will you be responsible for
- Responsible for assisting the Head of Reinsurance in leading strategy, capital initiatives, optimisation, simplification, business change and efficiency initiatives relating to reinsurance.
- Responsible for the identification and sponsorship of leading edge solutions and implementation of world class practices for all reinsurance change initiatives
- Responsible for analysing the performance of reinsurance arrangements, including managing the process of determining recapture values at treaty level.
- Responsible for assessing recapture offers at treaty and or Reinsurer level and calculating the impact on Capital, Embedded Value and Profit from proceeding with recapture and placing reinsurance on simplified terms.
- Communication of recapture offers and results to internal stakeholders including but not limited to Head of Actuarial (Individual and Group Risk), Executive General Manager Group, Executive General Manager Individual Life, business partners, and other internal stakeholders across TAL.
- Responsible for the management of the reinsurance impact of systems change initiatives across TAL, including detailed specification of Reinsurance requirements, testing of delivered solutions and closure of identified defects in conjunction with TAL’s CD team.]
What are we looking for?
- Demonstrated strong commercial, negotiation, project management, leadership and influencing skills.
- Proven ability to work effectively and autonomously in a busy environment, manage multiple stakeholders and tasks in parallel and able to prioritise competing business needs effectively in a dynamic environment.
- Demonstrated ability to influence change and work in a dynamic change environment.
- Ability to inspire and mentor at all levels through a strongly positive approach to the delivery of best in class reinsurance solutions to internal and external stakeholders.
- Mathematics, statistics, actuarial, accounting or a related discipline qualification
- A background in finance, life insurance and reinsurance principles (desirable)
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.
Important to us
Every Australian life is different. And we know the value of having different people from all walks of life with varied points of view.
Work is a big part of life, and we work hard to make it one of the best parts. We offer a workplace that’s inclusive and flexible, supporting our people with options that let them make the most of their careers. We don’t just say it; we do it.
We want to grow with you. Achieve with you. And support you to do your best work. We’re always looking for people who want to go further with us.