Actuary

RCI Insurance Ltd and RCI Life Ltd aim to provide insurance solutions to customers of Mobilize Financial Services’ automobile financing business and are authorised by the Malta Financial Services Authority. 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 an ‘Actuary’, who will report functionally to the Chief Actuary.

What will you do?

• Conduct actuarial inventory work related to closures and ensure the technical monitoring of the Companies’ insurance portfolios.
• Contribute to tariff studies related to the Companies’ insurance products and their evolutions.
• Contribute to Solvency II calculations and deliverables (pillar I, II and III).
• Contribute to IFRS17 calculations and deliverables (regular accounting closures, monthly reporting package and disclosures)
• Contribute to the external and internal audits for Solvency II and IFRS17
• Manage and ensure availability and quality of the data required for the actuarial studies.
• Provide/Validate the technical assumptions and parameters to be considered in budget forecasts.
• Produce ALM studies regarding companies’ investment policy.
• Participate to IFRS17 implementation.

Your Profile

• Bachelor’s or Master degree in Mathematics, Statistics, Actuarial, Econometrics or Physics.
• Min. 3 years of experience within the insurance field.
• Interest in technical insurance activities, such as insurance product pricing, modelling, data management, reporting, etc.
• Advanced skills in MS Office package (with focus on MS Excel – Pivot tables, Data Sorting, Data Validation, Advanced formulas, etc.) is required.
• Basic skills in one of these software(s): “R”/”R-Studio”, “Python”, “Macros/VBA” will be considered as plus.
• Basic Experience with SQL/MySQL ➔ general understanding of relational databases will be considered as plus.

Why join RCI Insurance?

• Be part of an international Group
• Nice and friendly working environment
• Multicultural environment (17 different nationalities in Malta)
• Hybrid working conditions
• Heath & Dental Insurance for you and your family
• MAPFRE Personal Accident Cover
• Laptop and work from home kit
• Richmond Foundation Assistance for mental health
• Annual Eye Test performed by an optician
• Pender Gardens parking (2 min away from our office) access parking 7am-8pm (weekdays)
• Social Committee events

Type of contract: Full time – Indefinite Contract

Location: St Julian’s STJ 3155, Malta.

Renault Group is committed to creating an inclusive working environment and the conditions for each of us to bring their passion, perform to the full and grow, whilst being themselves.  
We find strength in our diversity and we are engaged to ensure equal employment opportunities regardless of race, colour, ancestry, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, etc. If you have a disability or special need requiring layout of the workstation or work schedule, please let us know by completing this form.