Actuary – Senior

This is a fully remote position, open to applicants in Brazil.

📋 Description

• Act as the functional and business authority for processes associated with IFRS 17.

• Comprehend and document the existing processes carried out in SAS, Alteryx, and other relevant systems.

• Chart the As-Is processes and assist in defining the To-Be model within Databricks.

• Gather, analyze, and articulate functional requirements, business rules, calculations, controls, reconciliations, and acceptance criteria.

• Identify inputs, transformations, dependencies, outputs, and current integrations in the IFRS 17 process.

• Serve as the bridge between actuarial, accounting, finance, and technology perspectives of the project.

• Aid in translating accounting and actuarial rules into precise requirements for the Data Engineering and Development teams.

• Confirm rules related to measurement, movements, accounting recognition, and disclosure of insurance contracts.

• Assist in defining and validating contract groupings, portfolios, cohorts, and units of account.

• Validate treatments relevant to various measurement models, including GMM/BBA, PAA, and VFA, as they pertain to the insurer's operations.

• Support the validation of concepts and components such as CSM, Risk Adjustment, future cash flows, discounting, LRC, LIC, onerous contracts, and held reinsurance.

• Engage in defining accounting entries, financial events, and integrations with subledger, general ledger, and corporate systems.

• Facilitate reconciliations between source data, actuarial results, IFRS 17 movements, and accounting records.

• Develop and execute functional, integrated, regression, and user acceptance test scenarios.

• Monitor closing cycles and analyze discrepancies between the current and new solutions.

• Thoroughly evaluate result variances, determining whether causes stem from data, rules, parameters, calculations, or processes.

• Assist in defining internal controls, audit trails, traceability, evidence, and process governance.

• Engage with internal and external auditors as necessary, providing clarifications and required evidence.

• Conduct workshops, interviews, and meetings with stakeholders across business and technology domains.

• Aid in the creation of functional documentation, operational procedures, and knowledge transfer to teams accountable for the process.

• Contribute to the planning of the transition, parallel run, go-live, and stabilization of the new solution.

⛳️ Requirements

• Demonstrated experience in projects, processes, or operations related to IFRS 17.

• Relevant background in the insurance, reinsurance, pension, or specialized consulting sectors for insurers.

• Strong understanding of accounting and actuarial processes in an insurance context.

• Familiarity with the measurement models outlined in IFRS 17, particularly GMM/BBA, PAA, and VFA.

• Knowledge of components such as CSM, Risk Adjustment, future cash flows, discount curves, LRC, LIC, onerous contracts, and held reinsurance.

• Capability to analyze intricate processes, identify dependencies, and clearly structure requirements.

• Experience in preparing and executing functional tests, user acceptance tests, and result validation.

• Proficiency in interacting with diverse audiences, including Accounting, Actuarial, Finance, Technology, Data, Audit, and executives.

• Excellent verbal and written communication skills.

🏝️ Benefits

• Remote work flexibility.

• Part-time opportunities available.

• Meal delivery provided.