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Senior Reserving Actuary

Who are we?

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

The fact that we are a human-size company 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 Holding is no little matter either.

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

Role Overview

The Senior Reserving Actuary shall support the actuarial team in all data capture, entry and transformation processes and the technical follow up of the Company’s insurance portfolios.
As the process of estimating technical provisions is being overhauled, the candidate’s expertise in the various statistical provisioning models will be put to good use.

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

The Senior 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.

The in-house actuarial team is a young department whose members need to be skilled in developing methodologies, processes and solutions.

Key Responsibilities

Your main tasks would include:

  • Work with a brand-new actuarial reserving tool, apply the various actuarial reserving methods and decide on the most appropriate reserves for the financial accounts.
  • Estimate nominal ultimate claims and their pay-out patterns, digging deeper into portfolios as required to identify segments needing specific focus and separate monitoring.
  • Challenge costing accuracy, contribute to reporting and build a deep understanding of liability reinsurance in particular.
  • Ensure that the overall calculations are comprehensive, complete and well understood.
  • Regularly interact with other functions such as Underwriting, Claims, Technical Accounting and Finance as well as with senior management and build trustful long-term relationships.
  • Support the transition to IFRS accounting and shape the reporting.
  • Regularly work on or lead actuarial-related projects and systems development.
  • Interact with and train more junior team members and help them to develop their actuarial expertise.
  • Support the Head of Actuary in any other task falling within the actuary department.


Who are you?

  • Studies: A degree in Mathematics, Statistics, Computer Science, Economics or Financial Risk Management
  • Experience: At least 1 year of experience in a similar position within an insurance/reinsurance company, regulatory body or finance.
  • Language: Good level of English is a must, working knowledge of French is an asset.
  • IT Skills: Familiarity with statistical analysis programs and advanced knowledge in Excel and Database Access. Knowledge in programming languages such as (R software, VBA and SQL, Python…) is an asset.


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 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
  • Flextime


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

We promote inclusive recruitment therefore all candidates will be treated equally, regardless of gender, nationality, disability or ethnic and social origin and will be selected solely based on experience, qualifications and skills.

All applications will be treated in the strictest confidence.