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Actuarial Analyst

Who we are

At Oney Insurance, we develop ultra-personalised solutions for brands, companies, and broker networks in Life and Non-Life Insurance through our two entities: Oney Life and Oney Insurance. Our fast, agile, and innovative company has been steadily growing since 2008, thanks to our amazing 29 employees. With more than 2 million policies in force, our BtoBtoC business model
has been developed over 7 European countries so far.

We empower our people to take responsibility of their tasks, in an international environment.

Our small size plays a big part in it. It allows us to be flexible, accessible and responsive, and our size therefore allows us to develop ultra-personalized solutions for the B2B insurance market.

Our belonging to Groupe BPCE & Auchan is no little matter either.

For many years Oney has been the preferred partner of the Group’s large retailers (Auchan, Leroy Merlin, Norauto, Boulanger), but also non-partner brands specialized in e-commerce.

Role overview

The Actuarial Analyst shall support the actuarial team in all data capture, entry and transformation processes and the technical follow up of the Company’s insurance portfolios.

The position shall form part of a multi-disciplinary team of finance and actuarial professionals, reporting to the Chief Financial Officer. The Actuarial Analyst is responsible for participating in all critical internal actuarial processes and shall have an in-depth knowledge of the Company’s primary business lines and technical product characteristics.

The Actuarial Analyst shall be the internal point of reference for the definition, maintenance and updating of actuarial data working cross functionally to steer data quality initiatives throughout the Company.

Key Responsibilities

Your main tasks as an actuarial analyst would include:

  • Compiling data required for actuarial analysis and assessing the quality of such data;
  • Performance of periodic and ad hoc technical analyses and independent reviews across all product lines;
  • Interpreting data and relevant trends, analysing results using statistical techniques and defining/compiling reports for Management to facilitate decision making processes and insurance portfolio monitoring;
  • Assisting in the application of reserving techniques and running reserving models to compute best estimate and ultimate loss ratios as key inputs in the financial technical provisioning processes;
  • Developing and maintaining technical databases and reserving models (including data mapping tables), incorporating new products within the system and developing standard and ad hoc queries through industry standard programming languages;
  • Optimising dataflows within the department, developing dashboards, driving automation and assisting in the development of KRIs for the Company;
  • Defining and reviewing the quality of data required for actuarial analyses and building data governance processes to secure and improve the quality of insurance data;
  • Responsible for end user sign off of reports developed for the Actuarial Function;
  • Computation and monitoring the Solvency Capital Requirements of the Companies;
  • Compilation of technical regulatory reporting components in the QRTs, SFCR and RSR and ORSA;
  • Assisting in the IFRS17 implementation process;
  • Automation of processes within the actuarial area;
  • Assisting the commercial and underwriting team in pricing and implementation of any remediation matters.
Who are you?

Studies:
• A degree in Mathematics, Statistics, Computer Science, Economics or Financial Risk Management
• At least partial completion of certification in actuarial science and previous experience in the insurance industry.

Experience:

At least 3 years of experience in a similar position within an insurance/reinsurance company or regulatory body.

Language:

Good level of English is a must, working knowledge of French is an asset.

IT Skills:

Familiarity with statistical analysis programs, and programming languages such as (R software, VBA and SQL, Python…) and advanced knowledge in Excel and Database Access.

Soft skills
  • Be great at connecting with people and understanding their needs and demands and at the same time be able to communicate your own imperatives;
  • You have an open mind and able to question your own beliefs to grow and learn and yet be confident in your expertise;
  • A Strong analytical mind, goal-oriented mind is a must for this position;
  • Someone assertive but good in transmitting trust and building relationships;
  • You understand that we expect great achievements on your own but that the greatest results come when people work together;
  • You identify issues but mostly you take the initiative to propose viable solutions;
  • You are able to embrace our ever growing and evolving environment both from a professional and human perspective;
  • You are able to embrace our ever growing and evolving environment both from a professional and human perspective.
  • You thrive in the melting pot of cultures that is our company !
What are the Terms of your employment?
  • Indefinite contract
  • Offices based in Sliema, Malta
  • Salary depends on experience, profile and qualification
  • Health Insurance
  • Parking space
  • Flexi-time
  • Telework on some days
What are you waiting for?

If you are interested in forming part of our forward-looking team, apply by send us your CV quoting
the relevant vacancy title to careers@oney.com.mt.

All applications will be acknowledged and treated in the strictest confidence.