Singapore

Qualified

Senior Actuary

Life

Investments

Reserving

Reporting

Risk

Systems

Modelling

Pricing

Valuation

Igloo

QBE Insurance Group Limited, established in 1886, has evolved into a renowned international insurer and reinsurer. Headquartered in Sydney, Australia, QBE has a significant local presence in 27 countries, showcasing its global reach. The company began as a marine insurance firm, rapidly expanding its operations to various countries including London, Hong Kong, and Singapore, and later extending to Thailand, Vietnam, Malaysia, India, China, Sri Lanka, Burma, and more. In 1924, QBE established an office in New York, marking a significant expansion in its international operations.QBE's growth continued through strategic acquisitions and mergers. Notably, in 1959, QBE and the Bankers’ and Traders’ Insurance Company (B&T) acquired The Equitable Probate and General Insurance Company. In 1973, QBE and B&T merged, forming QBE Insurance, with the name derived from Queensland Insurance, Bankers' and Traders', and The Equitable Probate and General Insurance Company.Today, QBE is a global insurance leader, offering a diverse range of products and risk management solutions in commercial, personal, and specialty lines. The company is structured into several divisions, including International, Australia Pacific, and North America. These divisions collectively offer comprehensive insurance solutions across commercial, personal, and specialty lines, catering to a wide range of customer needs.With its focus on enabling a more resilient future, QBE leverages deep expertise and insights to help people and businesses manage risks, build strength, and embrace change to their advantage. The company is driven by its purpose of enabling a more resilient future, which is evident in its commitment to sustainability, diversity, and inclusion, and its active participation in various global markets.For actuarial professionals, a career at QBE offers the opportunity to be part of a dynamic, global insurance company with a rich history and a forward-looking approach to insurance and risk management.

Primary DetailsTime Type: Full timeWorker Type: EmployeeYou will be responsible for performance management, reporting, planning, economic capital modelling (ECM), and governance.Your new role<ul><li>Managing the complete valuation process, defining project scope, and managing performance against plans.</li><li>Developing new monitoring and ad-hoc reports as required.</li><li>Knowing and applying relevant standard actuarial reserving models and pricing techniques.</li><li>Developing complex models and modifying standard techniques for maximum benefit.</li><li>Maintaining quality controls throughout the valuation process.</li><li>Building and maintaining relationships with internal stakeholders.</li><li>Providing technical advice and guidance to less experienced actuarial staff and clients.</li><li>Managing Actuarial Analysts and facilitating team achievement of KPIs.</li><li>Ensuring all conclusions and recommendations are fully supported by analytical results.</li><li>Managing budgeted resources and accurately forecasting resource needs to achieve fiscal responsibility.</li><li>Perform economic capital modelling (ECM) using Igloo software to measure and analyze economic capital requirements, incorporating various risk factors such as insurance risk, credit risk, market risk, etc. for Hong Kong, Macau, Singapore, Malaysia and Vietnam.</li><li>Perform model validation exercises and ensure the validation process is robust and appropriate to ensure the ECM outputs are materially free from errors.</li><li>Perform reinsurance assessment, pricing, premium allocation and support of reinsurance purchases to optimize risk mitigation strategy.</li><li>Support the IFRS17 team in estimating the Risk Adjustments and conducting the Onerous Contract Assessments.</li></ul>About you<ul><li>Tertiary Degree or equivalent combination of education and work experience.</li><li>Relevant Actuary society certification, such as Fellow-Casualty Actuary Society (FCAS) or Fellow of the Institute of Actuaries (FIA) or IFOA.</li><li>Experience working within the actuarial function in a multinational financial services business.</li><li>Property and casualty actuarial field experience.</li><li>Experience with actuarial analyses or predictive modeling.</li><li>Economic Capital modelling knowledge is preferred.</li><li>Increasing levels of responsibility.</li><li>Reserving experience is a must.</li><li>Moderate relevant General Insurance experience.</li><li>Effective communication.</li></ul>About QBEWhat if you could have a positive impact – at work and in the world?At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the centre of our success.Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.QBE Asia’s operations is part of the QBE International Division, and has had a presence in Asia for more than 130 years with offices in Singapore, Hong Kong, Macau, Malaysia and Vietnam. We continue to be recognised for our ongoing focus on digital innovation to deliver exceptional value and operational excellence for our customers, business partners, people and the community.We support ESG efforts through the QBE Foundation, which helps to create strong, resilient and inclusive communities, by focusing investment and efforts on two key areas where we believe we can have the greatest impact – climate resilience and inclusion.BenefitsExcited to share our comprehensive benefits package at QBE!<ul><li>Flex and hybrid working options.</li><li>Work from home policy.</li><li>Paternity leaves matching with maternity leave.</li><li>Well-being programs.</li><li>Pensions.</li><li>Medical benefits.</li><li>Globally, access to online learning via LinkedIn Learning.</li><li>On top of annual leaves, 3 additional days off (Family care leaves).</li><li>Study leave.</li><li>Marriage leave.</li><li>Internal Appreciation program with points to redeem nice merchandise and life experiences.</li></ul>Join us and enjoy a work environment that values your well-being and personal growth!Join us now, so you can be part of our success – and we can be part of yours.Your career at QBE — Let’s make it happen.Skills:<ul><li>Actuarial Science</li><li>Analytical Thinking</li><li>Conflict Resolution</li><li>Critical Thinking</li><li>Decision Making</li><li>Financial Products</li><li>Intentional collaboration</li><li>Managing performance</li><li>Performance Management (PM)</li><li>Problem Solving</li><li>Project Scoping</li><li>Risk Management</li><li>Sound Judgment</li><li>Stakeholder Management</li><li>Statistical Analysis Software (SAS)</li></ul>Equal Employment Opportunity:QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Primary DetailsTime Type: Full timeWorker Type: EmployeeAsia Actuarial lead responsible for performance management, reporting, planning, ECM, RCSA and governance.Your new role<ul><li>Managing the complete valuation process, defining project scope, and managing performance against plans.</li><li>Developing new monitoring and ad-hoc reports as required.</li><li>Knowing and applying relevant standard actuarial reserving models and pricing techniques.</li><li>Developing complex models and modifying standard techniques for maximum benefit.</li><li>Maintaining quality controls throughout the valuation process.</li><li>Building and maintaining relationships with internal stakeholders.</li><li>Providing technical advice and guidance to less experienced actuarial staff and clients.</li><li>Managing Actuarial Analysts and facilitating team achievement of KPIs.</li><li>Ensuring all conclusions and recommendations are fully supported by analytical results.</li><li>Managing budgeted resources and accurately forecasting resource needs to achieve fiscal responsibility.</li><li>Perform economic capital modelling (ECM) using Igloo software to measure and analyze economic capital requirements, incorporating various risk factors such as insurance risk, credit risk, market risk, etc. for Hong Kong, Macau, Singapore, Malaysia and Vietnam.</li><li>Perform model validation exercises and responsible for ensuring the validation process is robust and appropriate to ensure the ECM outputs are materially free from errors.</li><li>Perform reinsurance assessment, pricing, premium allocation and support of reinsurance purchases to optimize risk mitigation strategy.</li><li>Support the IFRS17 team in estimating the Risk Adjustments and conducting the Onerous Contract Assessments.</li></ul>About you<ul><li>Tertiary Degree or equivalent combination of education and work experience.</li><li>Relevant Actuary society certification, such as Fellow-Casualty Actuary Society (FCAS) or Fellow of the Institute of Actuaries (FIA) or IFOA.</li><li>Experience working within the actuarial function in a multinational financial services business.</li><li>Property and casualty actuarial field experience.</li><li>Experience with actuarial analyses or predictive modeling.</li><li>Economic Capital modelling knowledge is preferred.</li><li>Increasing levels of responsibility.</li><li>Reserving experience is a must.</li><li>Moderate relevant General Insurance experience.</li><li>Effective communication.</li></ul>About QBEWhat if you could have a positive impact – at work and in the world?At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people.Our industry offers interesting and varied careers where you can help people to protect what matters most.As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.QBE Asia’s operations is part of the QBE International Division, and has had a presence in Asia for more than 130 years with offices in Singapore, Hong Kong, Macau, Malaysia and Vietnam.We continue to be recognised for our ongoing focus on digital innovation to deliver exceptional value and operational excellence for our customers, business partners, people and the community.We support ESG efforts through the QBE Foundation, which helps to create strong, resilient and inclusive communities.BenefitsExcited to share our comprehensive benefits package at QBE!<ul><li>Flex and hybrid working options.</li><li>Work from home policy.</li><li>Paternity leaves matching with maternity leave.</li><li>Well-being programs.</li><li>Pensions.</li><li>Medical benefits.</li><li>Globally, access to online learning via LinkedIn Learning.</li><li>On top of annual leaves, 3 additional days off (Family care leaves).</li><li>Study leave.</li><li>Marriage leave.</li><li>Internal Appreciation program with points to redeem nice merchandise and life experiences.</li></ul>Join us and enjoy a work environment that values your well-being and personal growth!Join us now, so you can be part of our success – and we can be part of yours.Your career at QBE — Let’s make it happen.Skills:<ul><li>Actuarial Science</li><li>Analytical Thinking</li><li>Conflict Resolution</li><li>Critical Thinking</li><li>Decision Making</li><li>Financial Products</li><li>Intentional collaboration</li><li>Managing performance</li><li>Performance Management (PM)</li><li>Problem Solving</li><li>Project Scoping</li><li>Risk Management</li><li>Sound Judgment</li><li>Stakeholder Management</li><li>Statistical Analysis Software (SAS)</li></ul>Equal Employment Opportunity:QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Primary Details<ul><li>To lead the Actuarial function and develop actuarial strategies, monitor financial solvency and provide a framework for financial and strategic programs to assist in the development of growth opportunities for Asia</li><li>Awareness and understanding of the business drivers for the function that they are supporting. Deliver alongside the actuarial business plan.</li><li>Ensure the team is aware of the plan and its context to be able to influence and make decisions appropriately.</li><li>Participate in all business meetings as required in order to understand and support business requirements.</li><li>Develop and manage appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and processes and/or technologies where appropriate.</li><li>Ensure appropriate checks are performed within processes to minimize inaccuracies</li><li>Ensure that processes are aligned with business needs and fit for purpose through liaison with the Functional teams</li><li>Maintain and comply with documentation of key processes and policies</li><li>Comply with all material legal and regulatory requirements</li><li>Adhere to relevant actuarial standards and good practice</li><li>Meet all internal reporting requirements</li><li>Minimize the risk of business discontinuity</li><li>Manage and monitor Actuarial process, where applicable, to ensure their continued delivery and improvement to meet</li><li>Build and maintain relationships with internal and external stakeholders to improve customer focus. Be primary point of contact for relevant business units.</li><li>Network within QBE Actuarial function around the world, so as to encourage the sharing and adopting of best practice</li><li>Satisfy all of the requirements from the functional teams in order that appropriate actuarial services are offered to all internal and external customers</li><li>Manage a team ensuring that the overall output and quality of the service provided by the team is within specified levels.</li><li>Develop and coach the team so as to ensure the required standards of performance, and support the continuing personal and professional development of all team members increasing their capability and share knowledge and best practice</li><li>Interact with peers internally and externally to ensure good business relationships are developed and maintained</li></ul>How to Apply:To submit your application, click "Apply" and follow the step by step process.Equal Employment Opportunity:QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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