Singapore

Graduate

Part Qualified

Qualified

Life

Investments

Health

Property & Casualty

Reporting

Data

Reinsurance

Risk

Systems

Experience Analysis

Prophet

Coding

Pricing

MoSes

Valuation

Consulting

Excel

ReMetrica

Marine

Contract

MATLAB

We are seeking a candidate with a strong academic record in Actuarial Science, Mathematics, or a related numerate degree subject. The ideal candidate should be able to apply creative problem-solving skills both independently and within a team. They should be self-motivated with a sense of intellectual curiosity and excellent communication and time management skills. Proficiency in Excel and VBA is required, and experience with actuarial software such as Prophet would be a plus.<ul><li>Graduate of a program in Actuarial Science, Mathematics, or other numerate degree subject</li></ul>Skills<ul><li>Ability to analyze and apply creative problem-solving skills both independently and within a team</li><li>Excellent communication and time management skills</li><li>Proficiency in Excel and VBA</li><li>Experience with actuarial software such as Prophet would be a plus</li></ul>Behaviors<ul><li>Works well as a member of a group</li><li>Devoted to a task or purpose with loyalty or integrity</li><li>Capable of carrying out a given task with all details necessary to get the task done well</li></ul>Motivations<ul><li>Inspired to perform well by the ability to contribute to the success of a project or the organization</li><li>Inspired to perform well by monetary reimbursement</li><li>Inspired to perform without outside help</li><li>Inspired to perform well by the completion of tasks</li><li>Inspired to perform well by the chance to take on more responsibility</li><li>Inspired to perform well when granted the ability to set your own schedule and goals</li></ul>

Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.As part of our expansion for the SEA team, we are seeking an Actuarial Analyst with a focus in health insurance products.   Offer:<ul><li>Perform portfolio monitoring to ascertain trend and experience</li><li>Participate in research and development work on medical trends in various markets</li><li>Generate IBNR factors for internal and external requirements</li><li>Support pricing actuary in product development including product design, pricing and risk management</li><li>Correspond with internal accountant or client on data issues</li><li>Develop portfolio monitoring presentation slides which is shared with both client managers and clients</li><li>Develop new actuarial monitoring tools to enhance the portfolio monitoring process</li></ul>Profile:<ul><li>Degree in Actuarial Science with at least 1 year of working experience </li><li>Strong in Microsoft Excel, Access and Statistical Tools</li><li>Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients</li><li>Understanding of reinsurance knowledge/structure would be preferred</li><li>Ability to work independently as well as with the team</li><li>Good command of English both written and verbal</li></ul> Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

About the TeamReporting to Regional Corporate Actuary, Life &amp; Health ("L&amp;H") Business Management Actuarial Asia in Singapore, you will be primarily responsible for the activities of the Actuarial Management in Asia. The Actuarial Management team is part of the L&amp;H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&amp;H business in Asia by providing financial information and advice on past/expected future profitability and experience.This team works closely with other departments in Asia's L&amp;H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&amp;H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.About the role (Contract duration: 2 years)This role is a key contributor to the development and implementation of processes for the upcoming International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.The key activities of the Business Management Actuarial team that you will be primarily responsible include:<ul><li>Support the production/review of the balance sheet and earnings under IFRS17</li><li>Contributing to the establishment of a new IFRS17 end-to-end reporting process.</li><li>Assisting in review and comment on global IFRS17 implementation approach in various areas.</li><li>Support IFRS17 training and engage BM team to prepare for the implementation. Understand the impact to earnings and balance sheet and provide insight to management</li><li>Communicate the issues/challenges with senior actuaries or stakeholders on time</li><li>Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business</li><li>Assist in in-force data quality and proper determination of policy liabilities for USGAAP, Singapore Statutory, and economic reporting</li></ul>About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>At least 5 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;</li><li>Attained or close to attaining fellowship in actuarial examinations;</li><li>Excellent interpersonal, communication, organisational skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of IFRS 17, USGAAP and MCEV.  Knowledge in Singapore local reserving standard would be considered an advantage;</li><li>Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

We are seeking a highly motivated Senior Analyst to become part of our analytics team based in Singapore servicing the wider Asia region.The role will focus on assisting clients in understanding their exposure to risk and determining the optimal reinsurance arrangements in order to meet their risk, return and capital requirements. Our team consists of actuaries, catastrophe modellers, engineers, financial analysts and GIS experts. Responsibilities will involve interacting with analytics, brokers and clients throughout the Asia-Pacific region.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.Responsibilities:<ul><li>Experience in various actuarial pricing techniques such as experience and exposure rating.</li><li>High level of proficiency in dynamic financial analysis (DFA) for the purposes of reinsurance optimisation and reinsurance pricing.</li><li>An understanding of the various reinsurance structures to manage risk and implementation of them within the modelling framework</li><li>Play a proactive role in establishing and upholding actuarial best practice including technical peer review with potential scope to participate on the regional Actuarial Practice Group (APG)</li><li>Take on responsibility as actuarial territorial contact, liaising with clients and colleagues to establish client project objectives, outcomes, and manage these projects.</li><li>Do presentations and conduct training sessions relating to actuarial work and methods, ensuring the effective and efficient communication of concepts and key outcomes to both colleagues and clients</li></ul>Requirements:<ul><li>University graduate in Actuarial Studies or related fields such as mathematics, finance or statistical studies</li><li>Working towards associate/fellowship qualification with a recognised Actuarial institute</li><li>Not less than 2 years&rsquo; experience in reinsurance or insurance industry working in analytical roles, direct insurance related experience on insurance pricing, reserving or capital modelling/management is required</li><li>Experience in using our proprietary modelling software ReMetrica for reinsurance optimisation and reinsurance pricing viewed as advantageous</li><li>Strong computer skills in MS Office suites (Excel, Word, PowerPoint, and Outlook)</li><li>Experience with, and understanding of Catastrophe models and their relevant outputs is required.</li><li>Ability to use complex computer programs, to organize and cleanse data, to analyse primary company coverage and reinsurance contracts, and to present information to clients clearly.</li><li>Strong interpersonal skills and the ability to interface with all levels within the corporation and various business units.</li><li>Ability to travel within the Asia region to facilitate client presentations, seminars and conferences as required.</li></ul>How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two &ldquo;Global Wellbeing Days&rdquo; each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.

<div>Job DescriptionThe role will cover SCOR’s business written in South East Asia, Taiwan, India, and Hong Kong. Since this includes much of SCOR’s business originating in South Asia, we are seeking a candidate to assist the Head of L&amp;H Actuarial to ensure all the reporting requirements relating to Covéa transaction are met. This include preparing of settlement statements, IFRS reporting, developing long term solutions, support for Covéa inspection, etc.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in various projects including process improvements, data management, IFRS17 reporting, etc.ResponsibilitiesAssist the Head of Actuarial, South Asia in the following areas:Covéa reporting<ul><li>Produce quarterly Covéa settlement statement</li><li>Produce quarterly IFRS4 reporting with regards to Covéa treaty</li><li>Work closely with different stakeholders to support the development of long-term solution to streamline the Covéa modelling and reporting process</li><li>Work closely with the APAC Actuarial team to support the Covéa inspections, BEL reconciliation, movement analysis, etc.</li><li>Work closely with relevant stakeholders to resolve open issues relating to the Covéa work.</li></ul>Support to the Valuation team<ul><li>Assist the team on various projects such as process improvement, data management, valuation work, etc.</li></ul>QualificationsExperience:<ul><li>Nearly or newly qualified actuary (FSA, FIA, FIAA, or equivalent)</li><li>Minimum 5+ years relevant experience in a insurance/reinsurance business</li><li>Experience of reserving/valuation – IFRS 4, IFRS 17 or Solvency II experience preferred</li><li>Experience of reviewing others work and managing tasks independently</li><li>Expertise in Microsoft Office (Outlook, Excel, Access, PowerPoint)</li><li>Experience of Actuarial projection software (ideally Prophet), preferred but not essential.</li></ul>Personal Competences:<ul><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with other teams and colleagues</li><li>Interest in career and skill development</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.</div>

<div>Job DescriptionA Pricing Actuary to support our Singapore hub P&amp;C reinsurance business sourced from the APAC region (property, engineering, casualty, marine, credit &amp; surety). The role covers all aspects of pricing, model and pricing tool development, market rate knowledge and benchmark analysis as well as specific deal information working closely with the underwriters.This will be a 6 months contract with a potential to be converted to a permanent roleResponsibilities<ul><li>Pricing of reinsurance transactions and internal retrocession treaties</li><li>Contribution to growth and profitability</li><li>Supervision and peer review the work of actuaries from other offices/platforms within/outside of SCOR who are engaged to support the renewal seasons</li><li>Close collaboration with the underwriting team, including attending and travelling to client and broker meetings</li><li>Pricing, data analytics, and product development services for our clients</li><li>Reports on pricing and expected profitability for the Underwriting department</li><li>Interaction with Reserving to assure that the output of the pricing process is reflected initially in Reserving and included in the management reports</li><li>Development of studies to improve pricing parameters and to evaluate the profitability of various segments of business</li><li>Support of the development of actuarial tools and methods, including data analytics</li><li>Appropriate utilisation of pricing and evaluation tools</li><li>Networking on actuarial subjects, both internal and external</li><li>Support of the cat modelling team in respect of the creation and the update of nat cat models including testing</li></ul>QualificationsExperience:<ul><li>Open to fresh graduates</li><li>Reinsurance treaty experience is a plus</li><li>Good communication skills and experience working with underwriters and clients</li><li>Practical work / programming experience in MS Excel, VBA, SQL, R, Matlab, etc.</li></ul>Personal Competences:<ul><li>Strong pragmatic problem solving capabilities</li><li>Good team spirit, inter-personal competency</li></ul>Required Education <ul><li>University degree in Mathematics or a related discipline with strong focus on maths</li></ul>Duration<ul><li>This will be a 6 months contract with a potential to be converted to a permanent role</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.</div>

<div>Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.As part of our expansion for the SEA team, we are seeking an Actuarial Analyst with a focus in health insurance products.  Offer:<ul><li>Perform portfolio monitoring to ascertain trend and experience</li><li>Participate in research and development work on medical trends in various markets</li><li>Generate IBNR factors for internal and external requirements</li><li>Support pricing actuary in product development including product design, pricing and risk management</li><li>Correspond with internal accountant or client on data issues</li><li>Develop portfolio monitoring presentation slides which is shared with both client managers and clients</li><li>Develop new actuarial monitoring tools to enhance the portfolio monitoring process</li></ul>Profile:<ul><li>Degree in Actuarial Science with at least 1 year of working experience </li><li>Strong in Microsoft Excel, Access and Statistical Tools</li><li>Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients</li><li>Understanding of reinsurance knowledge/structure would be preferred</li><li>Ability to work independently as well as with the team</li><li>Good command of English both written and verbal</li></ul>Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.</div>

<div>We are seeking an experienced actuarial resource (part qualified, or recently qualified) to head our regional Data Team (covering the Middle East, Africa and the Asia Pacific region).Located in Singapore and reporting to the Chief Operating Officer, this role has several key components:<ul><li>working closely with the Business Lead and IT Team to support the company’s regional data warehouse projects, taking responsibility for user acceptance testing and sign-off</li>
<li>mentoring and managing a team of actuarial data analysts, responsible:<ul><li>for setting up the company’s systems to process and consume bordereaux data provided by clients</li><li>for providing extracts, reports and business insights to down-stream users.</li></ul>
</li></ul></div><div>Your jobIn this function, you will:<ul><li>take responsibility for data quality in the region and for the robust processing of data</li><li>provide actuarial and business input to the IT Team during requirement-gathering exercises</li><li>use actuarial and systems knowledge to assess proposed IT solutions</li><li>plan, support and take responsibility for the User Acceptance Testing of system changes</li><li>manage the day-to-day activities of the Data Team</li><li>support other members of the Data Team in expanding their actuarial and insurance knowledge</li><li>liaise with local offices throughout the region, as and when necessary</li><li>support the change management function in relation to data systems and processes</li><li>work with other members of the Data Team to analyse the available data and to develop dashboards and reports, communicating relevant insights to senior management.</li></div><div>Your profile<ul><li>part-qualified / recently qualified actuary:</li><li>with 5 to 10 years of experience in life (re)insurance</li><li>thorough understanding of life insurance principles and products in the region</li><li>experience of managing a team</li><li>strong database knowledge (SQL)</li><li>strong analytical and problem-solving skills</li></ul></div><div>About us
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.</div><div>Equal opportunitiesWe are committed to equal employment opportunity regardless of race, color, ancestry, religion, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression. We are proud to be an equal opportunity workplace.</div>

About Swiss Re



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Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. 
 
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work. 




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About the Team

The Portfolio Management team forms part of the Business Management division in Swiss Re together with other units including Technical Accounting, Actuarial Management and Claims. The team has interdependent relationships with other units within the L&amp;H Business Management division and is required to foster a strong team culture in order to drive delivery of the overall divisional mandate.  



The mandate of the Portfolio Management team is to monitor, protect and maximize the shareholder value extracted from the in-force L&amp;H portfolio across its six markets in Asia: China, Japan, South Korea, South East Asia, Hong Kong &amp; Taiwan and India.



As part of a team of fifteen, this role reports to the Head L&amp;H Portfolio Management Asia and working closely with other senior team members. Whist this role will focus on Korea market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to the Managing Director and Regional Head of the Business Management in Asia Pacific. In addition, the team works closely with other departments in Division Asia's L&amp;H Community, including Pricing, Finance, Transactions and Client markets.



About the Role

1)    Portfolio Management: actively participate and support the Korea Portfolio Management managers' responsibility in engaging with other internal partner functions (and with external clients) to perform effective management of L&amp;H's in-force portfolios.

2)    Assist on inforce portfolio initiatives to actively manage inforce risk and increase value of the inforce. This includes for example: 
a)    Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance 
b)    Complete quantitative experience analysis and valuation for recapture or non-contractual change on the inforce. 
c)    Driving key inforce initiatives within Swiss Re such as US GAAP initiatives, Portfolio Optimization, Customer Retention Management, IFRS 17 and other inforce solutions. 
d)    Reprice reviewable rate treaties or provide technical peer review support.

3)    Perform experience monitoring: 
a)    Work on production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other. 
b)    Highlight key observations and recommendations to assist on business steering and in-force management. 
c)    Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary. 
d)    Identify early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the in-force and ensure its sustainability; Spot issue early and fix them. 
4)    Support Group wide and local projects as required, including other priorities of the L&amp;H Business Management team.



About You

•    Good exam progress with a recognised Actuarial professional body. 
•    Minimum 4+ years of L&amp;H valuation or pricing experience in reinsurance or primary insurance 
•    Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis). 
•    Working knowledge of US GAAP financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV), knowledge of IFRS 17 is a plus 
•    Strong analytical skills, good understanding of financial reporting process, actuarial models and data management 
•    Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes. 
•    Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus. 
•    Excellent interpersonal, communication and organisational skills 
•    Ability to liaise with various stakeholders on different in-force management initiatives. 
•    Ability to navigate ambiguity and work autonomously

•    Candidates with more experience will be considered as Senior Actuarial Analyst
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Keywords:   
Reference Code: 115308 


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