Five Acts
51 - 200 employees
Founded 2005
🤖 Artificial Intelligence
🏢 Enterprise
☁️ SaaS
Artificial Intelligence • Enterprise • SaaS
Five Acts is a company specialized in building and evolving data platforms using modern technologies and cloud architecture. Through their accelerators and processes, they create data products that deliver value swiftly for businesses. Five Acts focuses on data engineering, analytical intelligence, and machine learning to help companies harness the power of their data, transforming it into actionable insights. With over 300 clients and a strong track record of completed projects, Five Acts is dedicated to helping organizations improve through effective data strategies.
Actuary – Senior
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Five Acts
51 - 200 employees
Founded 2005
🤖 Artificial Intelligence
🏢 Enterprise
☁️ SaaS
Artificial Intelligence • Enterprise • SaaS
Five Acts is a company specialized in building and evolving data platforms using modern technologies and cloud architecture. Through their accelerators and processes, they create data products that deliver value swiftly for businesses. Five Acts focuses on data engineering, analytical intelligence, and machine learning to help companies harness the power of their data, transforming it into actionable insights. With over 300 clients and a strong track record of completed projects, Five Acts is dedicated to helping organizations improve through effective data strategies.
📋 Description
• Serve as the functional and business reference for processes related to IFRS 17. • Understand and document the current processes executed in SAS, Alteryx and other systems involved. • Map the As‑Is processes and support the definition of the To‑Be model in Databricks. • Elicit, analyze and detail functional requirements, business rules, calculations, controls, reconciliations and acceptance criteria. • Identify inputs, transformations, dependencies, outputs and existing integrations in the IFRS 17 process. • Act as the integrator between the actuarial, accounting, finance and technology perspectives of the project. • Support translating accounting and actuarial rules into clear requirements for the Data Engineering and Development teams. • Validate rules related to measurement, movements, accounting recognition and disclosure of insurance contracts. • Support the definition and validation of contract groupings, portfolios, cohorts and units of account. • Validate treatments applicable to different measurement models, including GMM/BBA, PAA and VFA, when applicable to the insurer’s operations. • Support validation of concepts and components such as CSM, Risk Adjustment, future cash flows, discounting, LRC, LIC, onerous contracts and held reinsurance. • Participate in defining accounting entries, financial events and integrations with subledger, general ledger and corporate systems. • Support reconciliations between source data, actuarial results, IFRS 17 movements and accounting records. • Prepare and execute functional, integrated, regression and user acceptance test scenarios. • Track closing cycles and analyze differences between the current solution and the new solution. • Critically assess result variances, identifying whether causes relate to data, rules, parameters, calculations or processes. • Support definition of internal controls, audit trails, traceability, evidence and process governance. • Interact with internal and external auditors, when required, supporting clarifications and provision of evidence. • Conduct workshops, interviews and meetings with stakeholders from business and technology areas. • Support functional documentation, operational procedures and knowledge transfer to teams responsible for the process. • Contribute to planning the transition, parallel run, go‑live and stabilization of the new solution.
🎯 Requirements
• Proven experience in projects, processes or operations related to IFRS 17. • Relevant experience in the insurance, reinsurance, pension or specialized consulting markets for insurers. • Solid knowledge of an insurer’s accounting and actuarial processes. • Knowledge of the measurement models provided in IFRS 17, especially GMM/BBA, PAA and VFA. • Knowledge of components such as CSM, Risk Adjustment, future cash flows, discount curves, LRC, LIC, onerous contracts and held reinsurance. • Ability to analyze complex processes, identify dependencies and structure requirements clearly. • Experience in preparing and executing functional tests, user acceptance and result validation. • Ability to interact with different audiences, including Accounting, Actuarial, Finance, Technology, Data, Audit and executives. • Strong verbal and written communication skills.
🏖️ Benefits
• Remote • Part‑time • Meal delivery
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