Melbourne State Government Of Victoria | Senior Actuarial Analyst

Senior Actuarial Analyst Ongoing opportunity at Victorian Management Insurance Authority (VMIA).
We are seeking an experienced Senior Actuarial Analyst to join our dynamic actuarial team at VMIA.
Your insights will directly impact the financial performance and organisational outcomes of Victoria's own State insurer, making your work both challenging and rewarding.

*Hybrid working (minimum two days per week in the office)
*Melbourne CBD close to Flinders Street station
*Ongoing, full-time opportunity
Your role
You will join a small team of talented and friendly actuaries and actuarial analysts executing the in-house actuarial work for the Victorian State Government's insurer.
This involves actuarial pricing, portfolio analytics, claims dashboarding, and capital management work for a broad range of insurance classes, from property and professional indemnity to cyber and construction (and more).
The broad range of insurance classes arise from the places which make Victoria great, including the State Library of Victoria, the Metro Tunnel, and the Royal Melbourne Hospital, to name just a few.
You will be working at a Victorian Government agency with over 200 staff, which insures over $200 billion of assets and insurance liabilities of over $3 billion.

Through a broad role in a medium-sized general insurer, you will work with stakeholders throughout the organisation on a wide range of actuarial work.
Due to the diversity and complexity of risks covered by VMIA, you will be using your actuarial skills to help the organisation to solve complex and contemporary insurance matters.

This exciting role reports directly to the Head of Actuarial Services.

Key responsibilities

Support the delivery of the regular annual work undertaken by the Actuaries Services team, spanning the areas of premium pool pricing, premium allocation, portfolio analytics, claims dashboarding, financial reporting and capital management.
Provide support and subject matter knowledge and advice to key stakeholders of the Actuarial Services team as required, including the finance, underwriting, claims and product development teams.
Provide support to vendors working with the Actuarial Services team as required, particularly relating to data and other requests from our external actuarial services provider and reinsurance broker.
Assist the delivery of ad hoc requests and projects supported by the Actuarial Services team, including pricing new business, changes to existing policies and the design of new insurance solutions.
Continuously improve the way the Actuarial Services team delivers its work, including maintenance of actuarial models, analyses and data processes with support from the team.
About you

Strong communication and interpersonal skills and the ability to positively engage with stakeholders, including the ability to communicate technical concepts to a non-technical audience.
At least 3 years' experience in an actuarial role and proven experience relevant to the general insurance and/or reinsurance industry.
Knowledge of statistical data analysis techniques and the ability to draw insights and recommendations from data.
Strong attention to detail and the ability and willingness to learn about new technologies and methods.
Proficiency with Microsoft Excel and solid programming experience (R and SQL experience is preferred, but any experience with SAS, Python or other programming languages would also be acceptable assuming the desire to learn R and SQL).
Qualifications

You are an Associate or Fellow of the Actuaries Institute or have made considerable progress in your exams with the Actuaries Institute or equivalent overseas actuarial qualification.
You hold tertiary qualifications in a quantitative discipline, such as actuarial studies, mathematics, statistics, or a related field.
Benefits
There are many reasons to work at VMIA, here is how we will support you:

Flex Work - VMIA is supportive of hybrid working to help our people perform at their best.
We come together for a minimum of two days per week in a collaborative office environment, fostering connection and strengthening networks.
Parenting support - VMIA provides 14 weeks paid parental leave (after six months of service) for primary carers and 2 weeks for secondary carers.
And we're breastfeeding friendly accredited.
Learning and development - You'll be encouraged to achieve your career goals in our progressive learning organisation supported by in-house training programs, an annual investment of up to $2,500 in your learning and development, access to LinkedIn Learning, and annual performance and development planning.
Physical and Mental wellbeing - We provide Wellness sessions, an Employee Assistance Program (EAP), Wellbeing leave (two days per year), annual flu shots, and an ergonomic subsidy for every new starter.
Culture and lifestyle - People are at the heart of everything we do
On offer is an office in the heart of the city in an iconic building with end of trip facilities, access to one day per year paid Volunteer leave and assistance with transitioning through life stages such as welcoming a new baby or retirement.
Financial Support - We understand, every dollar counts.
We offer salary sacrifice, income protection insurance, discounted public transport and 5% private health insurance discount.
Diversity and Inclusion
*Diversity, equity, inclusion, and belonging are key strategic priorities at VMIA.
*Our people benefit when they belong, are safe to bring their whole selves to work and are respected and heard.
The business benefits from a diverse and inclusive culture as our people bring unique strengths, experiences, and perspectives, creating a connected community.
*We have a bold and ambitious Diversity and Inclusion Program shaping and supporting each of the following focus areas: LGBQTIA+, gender, disability, Aboriginal and Torres Strait Islander Peoples and cultural and linguistic diversity.

How to apply
Please submit your resume and cover letter to introduce yourself, demonstrate your suitability for the role and tell us why working at VMIA appeals to you.
If you have any questions about the position or the application process, please email
We are committed to creating an inclusive workplace and encourage candidates from all gender identities, Aboriginal and Torres Strait Islander cultures, with disabilities, and from culturally diverse backgrounds to apply.
Please let us know of any accessibility needs to be considered during the recruitment process via
Preferred candidates will need to complete pre-employment screenings before starting their employment, which involve a range of different assessments including:

Working eligibility: Your working rights in Australia need to be verified.
Employment History verification: Confirms the accuracy and completeness of a candidate's employment history.
Academic credentials check: Employers can verify a candidate's educational qualifications to ensure they are accurate and legitimate.
National criminal history records (police) check: Compares the candidate's details against police history information to determine any criminal record.
Pre-employment misconduct check screening: Used to verify the identity, integrity, and credentials of potential employees and to ensure they have not been involved in any misconduct in their previous employment or education.
Financial background checks (e.g.
AML, bankruptcy): For applicable roles including Heads of Departments and staff working within the Finance teams.
It is a requirement that employees attend office-based days (a minimum of two days per week) at their primary work location.
In line with this requirement, applications from interstate will only be considered if the candidate is able and willing to relocate to Victoria.

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