Life Actuarial Analyst 

Generali is a major player in the global insurance industry – a strategic and highly important sector for the growth, development and welfare of modern societies.
With reference to both the Life business of Assicurazioni Generali S.p.A and to the Life Generali Group business, the Group Life Actuarial Function mission is to support the Group Head of Actuarial Function in:

  • Defining the AF standard reference framework
  • Coordinating the Solvency II Technical Provisions (TP) calculation process
  • Informing the Board of Directors of the reliability and adequacy of the TP calculation
  • Formulating an opinion on the overall underwriting policy and on the reinsurance arrangements
  • Contributing to the effective implementation of the risk-management system
  • Performing other activities assigned to the actuarial function by IVASS

The Actuarial Analyst supports the Head of the Life Actuarial Function on the oversight activities over Group Life Technical Provisions within the Solvency II framework. The Actuarial Analyst reports to the Head of Group Life Actuarial Function, interacts with Group Actuarial Function colleagues and acts as Group Life Actuarial Function contact-point with foreign subsidiaries.

Key responsibilities of the role will include:

  • Support to the Head of Group Life Actuarial Function: (1) the definition of the Group’s  framework (process, methodology, deliverables) to be rolled-out and adopted by all Group’s Companies in the valuation of the S2 Life Technical Provisions (S2 Life TP); (2) the analysis of S2 Life TP results provided by local business units, (3) the monitoring and analysis of regulatory developments
  • Interact with local actuarial functions of Generali Group’s Companies, to: (1) understand local Life TP valuation activities and outputs, (2) support local actuarial functions in case of issues affecting local Life TP (3) gain a technical expertise on local specificities, also via visits and periods of onsite working
  • Participate in ad-hoc projects such as: valuations framework developments (including Solvency II), Sustainability analyses, ALM valuations, reserving adequacy analyses, or extension to non EEA companies of Group framework

Our ideal candidate will meet the following requirements:

Must have:

  • Master degree in in actuarial sciences, economics, mathematics or other quantitative sciences
  • At least 2 years of experience in insurance industry/actuarial sector
  • Knowledge of actuarial techniques and of Life insurance accounting practices and standards
  • English proficiency

Nice to have:

  • Knowledge of actuarial software (Prophet, Risk Agility, R)
  • Experience in validating Life Technical Provisions, or in auditing activities in general
  • Knowledge of financial instruments and of Economic Scenario Generators
  • Experience with international working environment

Soft skills:

  • Excellent attitude for analytical analysis and creativity
  • Drive for excellent quality in producing output report either textual, graphic or numeric
  • Proactive approach, and strong collaboration skills and teaming ability
  • Strong presentation and communication skills
  • Solution oriented and strong problem solving

Additional Information

  • Contract Type: Temporary