Chief Actuary- 1791318982-45

Job Description

SociétéRCI INSURANCE LTDDescriptif du posteAbout us RCI Insurance Ltd and RCI Life Ltd aim to provide insurance solutions to customers of Mobilize Financial Services’ (within Renault Group) automobile financing business and are authorised by the Malta Financial Services Authority to conduct the business of insurance.The company offers a comprehensive range of financing and related services for car customers of Renault Group. Backed by an international network, the company has established itself in Malta to deliver and service a portfolio of protection insurance products in a number of European Countries.In order to strengthen its existing team, the Company is seeking a ‘Chief Actuary’ who will report functionally to the Chief Financial Officer. What will you do? 1. Actuarial managementOversee provisioning and pricing work.Ensure the evaluation and monitoring of the technical profitability of the portfolios.Develop and maintain actuarial models.Analyse trends in claims, mortality, longevity, frequency and severity.Participate in the development of new insurance products.2. Capital management and solvencyContribute to the calculation of SCR, MCR and regulatory capital.Participate in ORSA exercises.Assess the actuarial impacts of regulatory changes.Contribute to the definition of risk appetite.3. Model governanceOversee assumptions and calculation methods.Ensure the robustness of actuarial models.Implement data quality controls.Guarantee the documentation and traceability of calculations.4. Strategic ConsultingAdvise the General Management on technical risks.Provide forward-looking profitability and solvency analyses.Participate in external growth operations, partnerships or restructuring.Make recommendations on capital optimization.Actuarial Key Function (Solvency II)As the holder of the Actuarial Key Function, the Chief Actuary is responsible for:Coordination of the calculation of technical provisionsEnsure the use of appropriate methods, models and assumptions.Assess the sufficiency and quality of the data used.Assess the uncertainty inherent in the estimates.Opinion on Underwriting PolicyTo issue an independent opinion on the coherence between the underwriting policy and the risk profile.Assess the adequacy of pricing processes.Opinion on the Reinsurance ProgramTo review the adequacy and effectiveness of the reinsurance program.Assess the impact of reinsurance on solvency and risk profile.Contribution to the risk management systemParticipate in the identification, measurement and monitoring of actuarial risks.Contribute to ORSA work.Collaborate with other key functions (Risk Management, Compliance, Internal Audit).Regulatory reportingProduce the annual report of the Actuarial Key Function.Present findings to governance bodies.Interact with the regulator MFSA and the statutory auditors.Management and leadershipSupervise the actuarial, modelling and provisioning teams.Develop the technical skills of the team.Promote a culture of risk and data quality.Ensure coordination with the Finance, Risks, Underwriting and Reinsurance departments. Who are we looking for? EducationRecognized actuary degree (Institute of Actuaries or equivalent).Advanced degree in mathematics, statistics, quantitative finance or insurance.ExperienceMinimum 10 to 15 years of experience in actuarial science for life, non-life or reinsurance.Significant experience in a Solvency II environment.Experience in managing technical teams.Experience in exercising or supervising a key actuarial function is appreciated.Technical skillsActuarial provisioning.Pricing and modeling.Solvency II.ORSA.Reassurance.Economic capital.IFRS 17.Data analysis and statistical modeling.Behavioural CompetenciesLeadership and influence.Ability to challenge decisions.Excellent analytical and synthesis skills.Communication with governing bodies.Independence of judgment.Rigor and professional ethics.Fluent English,French appreciated Why join RCI Insurance? Be part of an international GroupNice and friendly working environmentMulticultural environment (18 different nationalities in Malta)Hybrid working conditionsFree parking during working daysHeath & Dental Insurance for you and your familyAccess to an online training platform to develop your professional skillsSocial CommitteeMétierFinancement Des VentesRenault Group s’engage à créer un environnement de travail inclusif et les conditions permettant à chacun de nous d’apporter sa passion, donner le meilleur de lui-même et s’épanouir, tout en étant lui-même.

Nous trouvons notre force dans notre diversité et nous nous engageons à garantir l’égalité des chances en matière d’emploi, indépendamment de la couleur, de l’ascendance, de la religion, du sexe, de l’origine nationale, de l’orientation sexuelle, de l’âge, de la citoyenneté, de l’état civil, du handicap, de l’identité de genre, etc. Si vous avez un handicap ou un besoin particulier nécessitant l’aménagement du poste de travail ou de l’horaire de travail, merci de nous le faire savoir en remplissant ce formulaire.Afin de pouvoir suivre en temps réel l’évolution de vos candidatures et pouvoir rester en contact avec nous, nous vous invitons à créer un compte candidat. Cela ne vous prendra pas plus d’une minute et vous permettra également de faciliter vos prochaines candidatures.

En soumettant votre CV ou votre candidature, vous autorisez Renault Group à utiliser et stocker des informations vous concernant à des fins de suivi de votre candidature ou de futurs emplois. Ces informations ne seront utilisées que par les sociétés de Renault Group tel que mentionné dans la Politique Groupe de protection des données personnelles.

St julian’s