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Actuarial Manager

Location: Singapore
Company: Anchor Search Group Pte Ltd
foundit (Monster)
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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 recognized 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 organize own work to meet deadlines
  • Ability to work within defines procedures

Interested applicants, please send your latest resume to [HIDDEN TEXT]. We regret that only shortlisted candidates will be contacted. Venice (Reg no. R1982888 EA No: 17C8528)

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

Skills: MI, Reporting, Portfolio Management, reserving

Experience: 0.00-50.00 Years

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