About this role
About the Role Actuarial Manager within Renault Group's Mobilize Financial Services' Malta entities (RCI Insurance Ltd and RCI Life Ltd) to lead actuarial activities across portfolios, reserves, ALM, product development and regulatory reporting (IFRS 17, Solvency II, ORSA). The role reports functionally to the CFO/Chief Actuary and supports delivery of protection insurance products for Renault Group's car financing business. What You'll Do
- Inventory work and technical monitoring of the Companies’ portfolios: Reserving: Produce / Validate all the actuarial inputs and cash flow projections allowing provision calculations for the monthly closures under IFRS17 and Solvency II. Lead necessary analysis to control the adequacy of levels of the technical provisions.
- Technical monitoring of the portfolios: Define indicators and technical analyses to be produced periodically and included in the monthly reporting. Produce detailed profitability and/or risk studies when required. Alert in case of unfavorable technical evolutions and propose corrective actions to be taken.
- Budget/Forecast: Provide/Validate the technical assumptions and parameters to be considered in budget forecasts to ensure overall consistency in results produced. Provide cash flow projections for the budgetary exercises. Contribute to forecast model development and maintenance.
- Asset Liability Management: Provide the ALM studies in order to optimize the investment policy and provide a better management of the financial risks.
- Product development and pricing: Conduct actuarial product studies (tariff studies) on the insurance programs insured and/or reinsured by the Companies, based on designed parameters. Propose modifications on insurance products and programs of the Companies when an opportunity or an obligation is identified.
- Solvency II: Perform/Validate the calculation of the « Best Estimate » of the technical provisions and the calibration of the underlying technical assumptions. Conducting capital requirement and solvency ratio calculations. Provide all the risk scenario simulations for the ORSA report and contribute to draft it. Conducting the production of the annual ORSA report.
- IFRS 17: Lead the operational performance of monthly closure reporting package by using the internal cash-flows tools (CFs for LRC and LIC), DWH (Actuals) and RiskIntegrity tool (Insurance liabilities, CSM, P&L, BS, etc.).