Send me more jobs like this

Actuarial Manager

Company Name Confidential

Keywords / Skills : Actuarial, General Insurance, Pricing Analyst, Actuary

7 - 15 years
Posted: 2019-05-16

Nationality
Malaysia, Singapore
Industry
Banking/Financial Services
Insurance
Function
Banking, Insurance & Financial Services
Role
Actuary Manager - General
Actuary Manager - Life
Salary
13000 - 15000 SGD
Posted On
16th May 2019
Job Description
Responsibilities


• Provide support to the business units in the business planning in particular leading forecast of the key assumptions such as loss ratios, rate movement and retention ratios

• Adhere to relevant AP Policies and work with regional chief actuary to implement local pricing and reserving processes and procedures.

• Perform appropriate checks within processes to minimize inaccuracies

• Comply with documentation of key processes and policies
• Adhere to relevant Actuarial standards and good practice

• Meet all internal and external reporting requirements

• Assist analysis function in the business unit

• Responsible for submission of statutory returns and reports

• Develop and maintain monitoring and ad-hoc reports

• Manage projects to ensure timely delivery

• Sound understanding the operating and business environment and apply to actuarial activities including pricing, reserving, etc.

• Develop insight to support decision making by the business

• Responsible of the assumptions and processes of liabilities valuation and pricing for the Branch and provide insight to Monetary Authority of Singapore and Regional Chief Actuary

• Understanding industry trends and analyzing competitive position

• Deliver specific management information for Distribution and Products

• Construct and maintain databases, MI, reporting, consistency to support business analysis and planning

• Lead or co-lead reserving processes and pricing projects

• Use tools and perform tasks to support the following Actuarial activities:

Analytics

• Assist in development of strategy and business direction by contributing to planning and forecasting

• Develop and maintain data frameworks and tools that deliver reusable, scalable and flexible management info to meet business needs

Portfolio Management

• Build/deploy portfolio management platform and lead the continuous improvement of portfolio management techniques

• Implement monitoring reports and dashboards for purpose of underwriting, distribution and claims management

• Conduct technical analyses and regular reviews of portfolio performance against modeled results

Reserving


• Conduct insurance liability valuation estimates for Singapore operation with regional team

• Report to local management team, regional chief actuary and MAS on reserve findings and outcomes including discussion on experience analysis

Requirements


• General experience of working within the Actuarial function in a multinational financial services business

• Pricing and reserving of GI commercial business preferred

• MAS reporting

• Relevant tertiary qualifications with fellowship qualification of a recognised professional actuarial body preferred

• Understanding of industry practice in Actuarial analysis, modelling and underwriting

• Understanding of insurance business process

• Understanding of Monetary Authority of Singapore liability valuation and RBC requirements

• Understanding of Compliance issues

• Effective communication

• Able to persuade and influence both directly and indirectly

• Able to work independently

• Advanced Excel and other analytical tools

• Good skills in the use and interpretation of numerical data

• Ability to organise own work to meet deadlines

• Ability to work within defines procedures



Interested applicants, please send your latest resume to anc3@anchorsearchgroup.com. We regret that only shortlisted candidates will be contacted. Venice (Reg no. R1982888 EA No: 17C8528)


Similar Jobs
View All Similar Jobs


Walkin for you