Actuarial Manager, GI Actuarial

PURPOSE

You will lead actuarial valuation and P&L management for the GI business. You will be expected to work closely with the business and senior stakeholders for the general insurance personal lines portfolio.

KEY ACCOUNTABILITIES

1. Support the CFO in meeting delegated GI Chief Actuary responsibilities.
2. Lead month-end valuation of insurance liabilities, internal financial reporting, ensuring key movements and deviations from Plan are clearly communicated to key stakeholders.
3. Lead the regular forecasts, business plan and other ad-hoc forecast exercises for GI business.
4. Lead MAS reporting and be the key contact person liaising with external Certifying Actuary on actuarial and valuation matters.
5. Adopt a pro-active approach in anticipating risks in the GI business and highlight them promptly to key stakeholders.
6. Engage with key functions, such as GI Pricing, Business Intelligence, Underwriting, Finance and Risk to provide insight on performance of products.
7. Ensure compliance of actuarial processes and models with internal policies.

QUALIFICATIONS / EXPERIENCE

1. Bachelor’s Degree in Actuarial Science.
2. 8 to 10 years in building and implementing models, preferably in the insurance industry.
3. Strong knowledge about (i) Singapore RBC and other reporting requirements that general insurers in Singapore have to comply with.
4. Strong programming skills; R, Python or SQL is a plus.
5. Experience in building technical cost/demand models or other data science projects.

KNOWLEDGE, SKILLS & ABILITY

1. Strong business acumen in the GI insurance market.
2. Excellent communication and project management skills.
3. Strong interpersonal skills.
4. Ability to present and influence stakeholders on complex ideas.
5. Willing to be hands-on.
6. Ability to learn things quickly and have an inquisitive nature on technology.
7. Support reinsurer selection, regular reinsurance review and annual renewal exercises.
8. Provide timely updates on status and outcome to relevant stakeholders.
9. Stay updated of market changes and/or regulatory changes relating to general insurance.
10. Provide support for GI pricing responsibilities in case of GI Pricing Manager’s extended absence to ensure business continuity.