Senior Actuary

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

📋 Description

• Serve as a functional and business reference for processes associated with IFRS 17.

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

• Map the current processes and assist in defining the To-Be model in Databricks.

• Elicit, analyze, and detail functional requirements, business rules, calculations, controls, reconciliations, and acceptance criteria.

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

• Facilitate collaboration between actuarial, accounting, finance, and technology perspectives of the project.

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

• Validate the rules concerning 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 applicable 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 reinsurance held.

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

• Assist in reconciling source data, actuarial results, IFRS 17 movements, and accounting records.

• Prepare and execute functional, integration, regression, and user acceptance test scenarios.

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

• Critically assess divergences in results, identifying whether the cause relates to data, rules, parameters, calculations, or processes.

• Aid in defining internal controls, audit trails, traceability, evidence, and governance of the process.

• Collaborate with internal and external audits, as needed, providing clarifications and necessary evidence.

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

• Support the creation of functional documentation, operational procedures, and knowledge transfer to the teams responsible for the process.

• Contribute to planning 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 experience in the insurance, reinsurance, pension, or specialized consulting market for insurers.

• Strong understanding of an insurer's accounting and actuarial processes.

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

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

• Ability to analyze complex processes, identify dependencies, and clearly structure requirements.

• Experience in preparing and executing functional tests, user acceptance testing, and validating results.

• Ability to engage with diverse audiences, including Accounting, Actuarial, Finance, Technology, Data, Audit, and executives.

• Strong verbal and written communication skills.

🏝️ Benefits

• Remote work.

• Part-time position.

• Flexible schedule.