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Job Description:
- Assist the Valuation and Reporting team in all areas of reporting and valuation work, with a focus on reinsurance.
- Person-in-charge to administer the reinsurance treaty for the Life business. This includes maintaining the reinsurance system, ensuring timely settlement of premiums and recoveries, and providing support to other stakeholders on reinsurance matters (e.g. retention review exercise, inputs for IFRS17 valuation, etc).
- Assist the team to conduct experience studies, formulating suitable basis for valuation and pricing assumptions.
- Assist to develop, maintain, and ensuring the actuarial models used for the above activities are accurate, efficient and well documented.
- Assist the team in the annual data validation exercise to ensure accuracy of valuation data.
- Participate in ORSA stress test.
- Assist in any ad-hoc actuarial investigations and corporate initiatives from time to time.
- Any other tasks assigned by the company.
Requirements:
- Min 2 to 4 years’ experience in Life Insurance valuation or reinsurance roles. Having knowledge of Singapore statutory reporting (RBC 2) will be an advantage.
- Experience or knowledge in Prophet modeling is preferred but not a must. Candidates will be given on-the-job training as necessary.
- Good Microsoft Excel and/or Access skills
- Excellent technical, analytical and problem-solving skills.
- Self-motivated and positive working attitude
- Intends to seek Actuarial qualifications.
- Strong communication and interpersonal skills